REX Shares, an ETF provider, has responded to feedback from the US Securities and Exchange Commission and is set to launch the first-ever Solana staking exchange-traded fund soon, according to analysts. Analyst Eric Balchunas mentioned that Rex has updated its prospectus and is on track for an imminent launch. The SEC seems to be comfortable with the unique ETF structure of REX Shares, including its c-corp business structure, which was previously questioned. The way REX Shares structured their Solana staking ETF proposal is considered very rare in the ETF world, bypassing the standard filing process. Analysts believe that the SEC's comments have been addressed, with REX Shares confirming that they are ready to launch the staked crypto ETF in the US.
REX Shares Expected to Launch First-Ever Solana Staking ETF Soon
2025-06-29 14:36:42 Primitive Reading
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