Solana Staking ETF on the Brink of Launch as SEC Gives Subtle Green Light

Last Updated on June 30, 2025

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A phone shows the Solana $SOL prices to invest. Source: maurice norbert - stock.adobe.com

Key Takeaways:

  • REX Shares is set to launch the first Solana staking ETF in the U.S., with filings suggesting imminent SEC approval.
  • The ETF uses a C-corp legal structure to bypass traditional 19b-4 processes and has reportedly resolved all SEC concerns.
  • The REX-Osprey SOL and Staking ETF will offer Solana price exposure plus yield from onchain staking.

REX Shares is on the verge of launching the first-ever Solana staking ETF in the U.S., with analysts suggesting it could debut imminently.

The REX-Osprey SOL and Staking ETF is designed to track Solana’s performance while also offering additional yield through onchain staking.

ETF analyst Eric Balchunas noted that a fully completed prospectus was filed with the SEC, signaling launch readiness.

Nate Geraci, president of ETF Store, highlighted the fund’s rare legal structure, which uses a C-corporation model under the ‘40 Act, bypassing the standard 6C-11 and 19b-4 processes.

Geraci called it a “regulatory end-around,” and stated the SEC appears comfortable with the structure after addressing all feedback.

Analyst James Seyffart added that the ETF’s regulatory path is unusual, making it stand out in the crypto ETF space.

REX Shares confirmed the ETF is “coming soon,” emphasizing its yield-generating potential.

This marks a major milestone for crypto ETFs, as staking functionality has been a long-sought feature, with even BlackRock acknowledging the limitations of non-staking funds.

Analysts now anticipate a wave of similar products to follow.

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