Recently, there has been a significant development in the cryptocurrency market. A new ETF related to Solana and staking could change the game for crypto products in traditional financial markets.
Unique ETF Structure
The ETF, structured in a unique way to bypass standard regulatory requirements, includes staking for Solana cryptocurrency. This will be the first ETF to offer such features.
Regulatory Aspects and Approval
ETF analysts Eric Balchunas and James Seyffart noted that REX’s approach avoids the usual 19b-4 process and instead uses a unique c-corp model. According to ETF Store president Nate Geraci, the agency now appears 'comfortable' with the fund’s structure, signaling that regulatory concerns have been addressed.
Potential of the First Staking ETF
The updated prospectus is fully filled in, indicating an imminent launch. REX confirmed that 'the first-ever staked crypto ETF' is on the way, offering exposure to Solana along with on-chain staking rewards.
The emergence of the first staking ETF based on Solana highlights the ongoing evolution of the cryptocurrency market, opening new opportunities for investors and addressing the growing demand for yield-generating ETFs.
