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REX Shares is about to launch the first Solana staking ETF in America.
REX Shares is in the final stages of launching the REX-Osprey Solana Staking ETF – the first spot Solana staking ETF in the United States, which could start trading as early as this week. According to a senior ETF expert at Bloomberg, REX's latest updated filing with the Securities and Exchange Commission (SEC) has been completed, indicating that the product is ready to go live.
This ETF will track the price performance of Solana while also generating additional profits from staking rewards directly on the blockchain. It is expected to open up opportunities for traditional investors to access staking profits without needing to directly hold or manage digital assets.
Notably, REX uses a C corporation structure under the Investment Company Act of 1940 – a unique approach that helps avoid the legal barriers that have delayed other staking ETF proposals. Experts believe that this "40 Act" structure could be a determining factor that helps REX lead the staking ETF race in the U.S.
REX Shares claims this is the "first digital asset staking ETF in the U.S.", marking an important milestone for the crypto investment industry.