The launch of a new ETF on Solana by REX and Osprey is expected in the coming days. This event marks a shift in the SEC's approach to cryptocurrency funds.
Confirmation of ETF Launch
Bloomberg ETF analyst Eric Balchunas confirmed the launch timeline on social media, signaling that all necessary steps appear complete. "We’re all set for launch," he said.
Change in SEC's Position
The ETF’s approval marks a shift in the SEC’s stance toward unconventional fund structures. ETF Store president Nate Geraci noted the commission is now more open to the C-Corp model used by REX — a structure that previously raised red flags under Rule 6C-11.
Future of Crypto ETFs
Geraci suggested the regulatory back-and-forth is now behind them. "It looks like the comment issue has been resolved," he said, calling the process "accelerated" in recent days. This launch signals growing regulatory comfort with crypto ETFs beyond Bitcoin and Ethereum, and could set the tone for more altcoin products in the coming months.
The launch of the Solana ETF is a significant event that could reshape the cryptocurrency fund market and create new investment opportunities in altcoins.
