Key Insights:
- REX Shares is about to launch the first-ever US Solana staking ETF ($SSK) within the US.
- The ETF will be capable of generate yield for buyers via on-chain staking.
- If accredited, this new staking ETF could possibly be a serious milestone for Solana and the crypto business as an entire.
A brand new chapter in crypto investing is about to start out.
Based on stories, REX Shares, a U.S.-based ETF supplier is now on the verge of launching the US’ first-ever Solana staking exchange-traded fund (ETF).
After months of regulatory discussions, updates and structuring, analysts consider that the fund is a mere days away from going stay.
This growth could possibly be a serious milestone not just for Solana, but in addition for the final crypto area as an entire: Particularly as demand grows for yield-generating digital belongings.
SEC Teases Inexperienced Gentle After Months of Deliberation
On 27 June 27 REX Shares reached out to the U.S. Securities and Change Fee (SEC) to verify whether or not all regulatory points with its proposed Solana and Ethereum staking ETFs had been resolved.
Surprisingly, the SEC responded with no additional feedback, which signifies that the final recognized barrier to launch has simply been eliminated.
Rex additionally filed an up to date prospectus, which completely crammed in. Add all of it up and it seems as if all programs go for imminent launch. $SSK is the ticker. pic.twitter.com/Mkbqd2Qjo4
— Eric Balchunas (@EricBalchunas) June 28, 2025
Based on Bloomberg ETF analyst Eric Balchunas, the REX Shares ETF is now at an “all programs go,” juncture.
The absence of suggestions from the SEC reveals that an approval is extremely shut, and in accordance with Balchunas, the ETF will commerce below the ticker image $SSK. REX Shares adopted up with its personal announcement, during which it communicated that “the first-ever staked crypto ETF within the U.S. is coming quickly.”
What Makes This REX Shares ETF Particular?
In contrast to conventional crypto ETFs that monitor the worth of an asset, the REX-Osprey SOL Staking ETF will do one thing totally different.
Based on the official submitting, it’ll generate yield via on-chain staking. Put merely, the fund will maintain Solana tokens and earn rewards for buyers by taking part within the community’s proof-of-stake course of.
This sort of ETF offers two separate advantages to buyers.
First, they acquire publicity to Solana’s worth actions. Second, they obtain further returns from staking, which is a characteristic many crypto buyers worth however haven’t been in a position to take pleasure in.
As REX Shares put it, “A brand new period of yield-generating crypto publicity is right here.”
REX Shares Regulatory Technique That Paid Off
REX Shares’ strategy to getting this ETF accredited was something however commonplace. Based on Balchunas, the corporate used a C-corporation construction mixed with a ’40 Act fund mannequin.
When mixed, this stands as a uncommon setup within the ETF area. It’s because most crypto ETF suppliers go for the everyday 19b-4 course of, which entails extra crimson tape.
Based on insights from Nate Geraci, president of the ETF Retailer on the time of the preliminary submitting, REX’s route was a “regulatory end-around.”
Nevertheless, he now says that the SEC seems “comfy” with the construction.
ETF analyst James Seyffart added that such a setup is “very uncommon.” He described REX’s strategy to the submitting as a inventive however efficient path to bypass roadblocks. To summarize, different asset managers trying to launch related merchandise are anticipated to start dashing to repeat REX’s submitting fashion.
Why The REX Shares ETF Issues for the Trade
The potential for a staked Solana ETF is extra than simply excellent news for Solana holders. For starters, this could possibly be a contemporary begin for the way digital belongings are packaged and provided to buyers.
Till now, the shortage of staking in ETFs had been a serious limitation, with even BlackRock’s Ether ETF being criticized for not together with staking.
Nevertheless, the launch of $SSK may change that narrative. It may make it clear that yield-bearing crypto funds should not solely doable, but in addition doable below U.S.regulation. If accredited, REX Shares will grow to be the primary firm within the U.S. to supply a staking-based crypto ETF.
This places it forward of different candidates nonetheless ready on choices for spot Solana merchandise.