REX Shares is preparing to launch the first-ever ETF linked to Solana staking in the United States. This initiative could represent a significant milestone for crypto investments.
Progress with SEC
REX Shares received a positive response from the SEC after submitting an updated prospectus. ETF analyst Eric Balchunas highlighted that the documents are fully prepared, stating, "all systems go for imminent launch."
New Approach to ETF Structure
ETF Store president Nate Geraci noted that the SEC is comfortable with REX Shares using a rare C-corp structure, enabling them to bypass the standard filing process. This approach has provided REX Shares with a strategic pathway.
Prospects for Staking in Crypto ETFs
REX Shares confirmed that their ETF will track Solana's price while generating on-chain yields for investors, a feature seen as essential for the next phase of crypto investment products.
The anticipated launch of REX Shares' first-ever staking ETF on Solana could mark a new era for growth in crypto investment products.
