A New Era for Crypto ETFs: Solana Staking Comes to Wall Street
REX Shares is on the verge of making ETF history with the imminent launch of its groundbreaking spot Solana staking ETF. According to Bloomberg’s Eric Balchunas, an updated prospectus filed with the U.S. Securities and Exchange Commission (SEC) confirms the fund is ready for trading, possibly as early as this week. The ETF, officially named the REX-Osprey Solana Staking ETF, is designed to track the price of Solana (SOL) while providing additional yield through on-chain staking rewards.
This new fund presents an appealing opportunity for traditional investors to gain exposure to Solana and earn staking income—without the need to manage wallets, private keys, or direct crypto infrastructure. It bridges the gap between the decentralized finance world and mainstream investing, making it easier for financial advisors and retail investors to tap into crypto yields.
REX Uses Innovative Legal Structure to Bypass Regulatory Delays
To sidestep the regulatory gridlock that has slowed down other crypto staking ETFs, REX Shares adopted a rare C-corporation structure under the Investment Company Act of 1940—commonly known as the “40 Act.” This legal workaround has been praised by industry experts for its ingenuity.
ETF Store president Nate Geraci called the move a “clever workaround” that could accelerate approval timelines. Bloomberg ETF analyst James Seyffart echoed that sentiment, saying the C-corp structure gives REX a strong first-mover advantage, especially as other firms remain bogged down by SEC reviews.
REX confirmed the ETF is “coming soon” and promoted it as the first staked crypto ETF available in the U.S. market. The company believes this launch marks the beginning of a new chapter in crypto finance—where yield-generating digital assets can be accessed through familiar investment vehicles.
As traditional investors seek new sources of passive income, products like the REX-Osprey Solana ETF may reshape how crypto staking is viewed in regulated markets. If successful, it could open the door for similar staking ETFs built around other proof-of-stake cryptocurrencies.
