REX Shares has filed with the SEC to launch Ethereum and Solana staking ETFs in the U.S., potentially changing the landscape of crypto investments.
ETF Staking Application
REX Shares, an ETF provider, has submitted documents to the SEC for the launch of staking ETFs for Ethereum and Solana. According to ETF analyst James Seyffart, the potential market introduction could be within the next few weeks, pending regulatory processes.
Unique ETF Structure
The filings indicate that each ETF incorporates a Cayman Islands subsidiary that engages in direct cryptocurrency spot purchases and staking. James Seyffart emphasized the innovative structure that is set to hasten market entry.
Market Impact of the ETFs
This filing may impact the Ethereum and Solana markets, potentially drawing investor attention to staking yields within regulated ETFs. It signifies an evolution following the U.S. spot Ethereum ETFs launched last year.
The initiative by REX Shares could signal a new era of regulation in cryptocurrency investment, promoting the integration of staking within a broader financial context.
