ETH, SOL 'very rare' staking ETFs may launch imminently — Analysts
The first Ethereum and Solana staking exchange-traded funds (ETFs) may launch in the U.S. soon, following REX Shares' recent filing utilizing unique regulatory structures. These ETFs are classified as C-corporations for tax purposes, which is uncommon in the ETF sector. The funds aim to provide spot exposure to Ether and Solana through Cayman subsidiaries. Analysts indicate that this structure may facilitate SEC approval, circumventing traditional regulatory processes. The anticipated ETFs will stake at least 50% of both cryptocurrencies, addressing a significant demand within the industry. The SEC recently delayed a decision on Bitwise’s staking application for its Ether ETF, highlighting ongoing regulatory complexities in the crypto ETF landscape.
