REX Financial CEO Picks Solana Over Ethereum: Here’s Why
Greg King, CEO of REX Financial, advocates for Solana's potential in real-world finance, particularly for stablecoins, during an appearance on Bloomberg’s “ETF IQ.” He emphasizes Solana's advantages over Ethereum, highlighting its speed and efficiency for payments and stablecoin settlement. REX has launched a 1940 Act ETF, SSK, which stakes SOL and offers monthly distributions, presenting staking as an income stream tied to network security. The ETF is designed to pass staking rewards directly to investors, currently yielding around 5% annually. King distinguishes the 1940 Act structure as offering better investor safeguards compared to traditional 33 Act products. He anticipates a surge in new crypto products on US exchanges but stresses the need for quality control among issuers. SOL is currently trading at $188.
