Solana ETF Set For 'Imminent Launch,' Analysts Say
REX Shares is set to launch the first Solana staking exchange-traded fund (ETF) after addressing feedback from the US Securities and Exchange Commission (SEC). An updated prospectus has been filed, indicating readiness for launch. The SEC appears comfortable with REX Shares' unique c-corp structure, which previously raised concerns regarding compliance with the 6C-11 rule. Analysts note that this structure bypasses the standard 19b-4 filing process used by other ETF providers. REX Shares confirmed that its REX-Osprey SOL and staking ETF will track Solana's performance while generating yield through on-chain staking. The launch of staking in crypto ETFs has been highly anticipated within the industry, marking a new era of yield-generating crypto exposure.
