REX Shares Set To Launch First Solana Staking ETF After SEC OK

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HomeNews* REX Shares prepares to launch the first U.S. exchange-traded fund (ETF) featuring Solana staking.

  • The SEC has shown approval for the fund’s unique C-corp structure, clearing the way for an imminent launch.
  • The fund, called the REX-Osprey SOL and staking ETF, will track Solana while enabling on-chain staking to generate yield.
  • This ETF bypasses the traditional 19b-4 process, making it an uncommon move within the crypto ETF sector.
  • Industry analysts say all regulatory requirements have been addressed and that staking in ETFs has been highly anticipated. REX Shares is set to debut the first U.S.-based Solana staking exchange-traded fund, after gaining support from the U.S. Securities and Exchange Commission (SEC). The ETF will allow investors to track the value move of Solana and earn returns through the network’s staking process, which means locking up crypto to support blockchain operations while getting rewards in return.
  • Advertisement - Staking, which involves participating in network security in exchange for rewards, is a popular method to generate Passive income in cryptocurrencies. BlackRock’s head of digital assets, Robbie Mitchnick, earlier called their own Ether ETF a “tremendous success,” but commented it is “less perfect” without staking options.

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Mj3388vip
· 06-29 06:08
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Mj3388vip
· 06-29 06:08
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· 06-29 06:07
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