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REX Shares Files For Solana Staking ETF, Could Go Live This Week
In a groundbreaking move, REX Shares has filed for the REX-Osprey SOL + Staking ETF, which could potentially debut in U.S. markets as early as this week. The innovative fund aims to track the price performance of Solana (SOL) while simultaneously generating returns from on-chain staking yields.
Industry experts are now speculating that regulatory hurdles may have been overcome, paving the way for an imminent launch. Bloomberg analysts Eric Balchunas and James Seyffart both believe that the approval process has progressed smoothly, hinting at a swift approval timeline.
The proposed ETF, to be listed under ticker symbol $SSK, will provide investors with exposure not only to SOL’s market fluctuations but also from native staking rewards earned on-chain. This novel approach could set a new precedent in regulated crypto yield products and may inspire the development of similar offerings across other proof-of-stake blockchain networks.
As the cryptocurrency market experiences renewed interest in regulated investment vehicles, this filing could not come at a more opportune moment. The surge in institutional appetite for spot Bitcoin ETFs earlier this year has heightened expectations for innovative crypto-based financial instruments.
The timing of this move may prove strategic as Solana’s price and adoption continue to rise. This development is set to captivate the attention of investors seeking both digital asset exposure and passive income streams.
Source: blockonomi.com
