U.S. Nears Approval of Groundbreaking Solana Staking ETF
REX Shares is reportedly ready to launch the country’s first-ever Solana staking ETF after receiving what analysts interpret as informal green lights from the SEC.
The ETF, structured in a rare way to bypass standard regulatory filings, may mark a breakthrough moment for crypto-based yield products in traditional finance.
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 that had previously drawn SEC scrutiny. According to ETF Store president Nate Geraci, the agency now appears “comfortable” with the fund’s structure, signaling that regulatory concerns have been addressed.
Balchunas added that the updated prospectus is fully filled in, calling it a sign of an imminent launch. REX confirmed the news, stating that “the first-ever staked crypto ETF” is on the way, offering exposure to Solana along with on-chain staking rewards.
The move comes as demand grows for ETFs that generate yield. Industry leaders have long pointed out that while recent crypto ETFs provide access to digital assets, they fall short without staking. REX’s fund could be the first to change that.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
