David Edwards
REX Shares is on track to launch the first-ever Solana staking ETF in the United States, having reportedly satisfied all regulatory feedback from the U.S. Securities and Exchange Commission (SEC). Analysts describe the fund as “all systems go,” following an updated prospectus submission and internal confirmations of regulatory clearance.
SEC Comfortable with Innovative ETF Structure
ETF Store president Nate Geraci noted that the SEC appears open to REX’s rare C-corporation fund structure, a method that diverges from conventional ETF formats. This model avoids the more cumbersome 19b-4 filing process, which has delayed other staking-focused ETFs. Geraci referred to the strategy as a “regulatory end-around,” allowing faster deployment.
ETF analyst James Seyffart supported this view, calling the structure “very rare in the ETF world” and pointing to its potential to become a template for future staking-based crypto products.
Analysts Say SEC Feedback Has Been Addressed
According to ETF analyst Eric Balchunas, REX has successfully responded to all SEC comments, paving the way for an imminent launch. He confirmed this based on communications from within the regulatory process, describing the development as a significant milestone in the evolution of crypto-linked ETFs.
REX Shares has publicly stated that the upcoming fund represents “the first-ever staked crypto ETF” in the U.S., highlighting a new phase of yield-generating investment options tied to blockchain networks.
Product Features and Industry Significance
The REX-Osprey SOL + Staking ETF will track the performance of Solana while generating yield through on-chain staking, enabling investors to gain passive income exposure in a regulated fund wrapper. This launch is expected to mark a pivotal moment for digital asset ETFs, as staking has long been viewed as a missing piece in crypto product offerings.
Notably, BlackRock’s head of digital assets has previously emphasized that the lack of staking capabilities in Ether ETFs limited their appeal. The introduction of staking within a regulated ETF could reshape institutional participation in crypto markets.
