REX Shares: Solana Collateralized ETF Coming Soon
5 hours ago
Odaily News REX Shares announced on the X platform that the Solana staking ETF "REX-Osprey SOL+Staking ETF" is coming soon. It is reported that the ETF aims to track Solana's performance while generating income through on-chain staking. It is also said that the ETF is the first staking cryptocurrency ETF in the United States. In addition, Eric Balchunas, senior ETF analyst at Bloomberg, disclosed on the X platform that the U.S. Securities and Exchange Commission said it had no further comments, so it looks like they are ready to launch. Earlier news, the U.S. Securities and Exchange Commission (SEC) issued a warning to REX Shares and Osprey Funds, saying that the staking Ethereum and Solana ETFs they are planning to launch may not meet the definition of "investment company" in the Investment Company Act and fail to meet the legal compliance requirements of ETFs.
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