U.S. Nears Approval of Groundbreaking Solana Staking ETF

The innovative structure of the ETF allows it to bypass standard regulatory filings, potentially paving the way for crypto-based yield products in traditional finance. ETF analysts Eric Balchunas and James Seyffart highlighted REX's unique c-corp model, which has received approval from the SEC. ETF Store president Nate Geraci stated that the agency is now comfortable with the fund's structure. Balchunas mentioned that the updated prospectus indicates an imminent launch of the first-ever staked crypto ETF offering exposure to Solana and on-chain staking rewards. The demand for ETFs that generate yield is increasing, with industry leaders recognizing the importance of staking in crypto ETFs.