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REX Shares Files For Solana Staking ETF, Could Go Live This Week
In a breakthrough move, REX Shares has filed for the launch of its innovative Solana staking ETF, which could hit the market as early as this week. The unprecedented product will combine exposure to Solana’s market value with the potential for generating additional returns through on-chain staking rewards.
The new ETF, tickered $SSK, is poised to make history as America’s first yield-generating crypto fund. By integrating native staking yields from the Solana blockchain, REX Shares aims to deliver a unique investment experience that not only tracks SOL price movements but also offers passive income for investors.
Industry experts have been quick to highlight the potential of this product, noting that its innovative structure could inspire a wave of staking-based crypto ETFs in the future. With institutional interest surging following recent spot Bitcoin ETF approvals, market readiness and regulatory confidence appear to be aligning perfectly for the launch.
Bloomberg analysts are now reporting that REX Shares has filed an updated prospectus, signaling a likely immediate approval. According to Eric Balchunas, a renowned Bloomberg ETF expert, this move effectively means that regulatory concerns have been addressed, paving the way for a swift market entry.
The filing comes amidst rising interest in crypto-based ETFs during the current summer period. The Solana ecosystem has recently gained significant traction, fueling speculation about the potential for institutional investment and broader mainstream adoption.
Market participants will be closely monitoring the performance of this ETF once it goes live to determine its potential as a viable alternative for investors seeking both market exposure and income generation.
Source: blockonomi.com
