REX Shares could soon make history with its spot Solana staking ETF which may begin trading as early as this week. Bloomberg’s Eric Balchunas shared that an updated prospectus filed with the SEC shows the fund is ready to launch with all regulator feedback addressed. The proposed REX-Osprey Solana staking ETF aims to track Solana’s price while offering extra yield through onchain staking rewards giving traditional investors a chance to earn staking income without managing crypto directly.

REX Shares used a rare C-corporation “40 Act” structure to sidestep regulatory barriers that have slowed other staking ETF proposals. Nate Geraci from ETF Store called it a clever workaround that helps clear SEC hurdles. Bloomberg’s James Seyffart agreed saying this creative structure gives REX a first-mover advantage over rival funds still stuck in regulatory review.

REX confirmed the ETF is “coming soon” and called it the first-ever staked crypto ETF in the United States. The company hailed this as a new era for yield-generating crypto investments bringing more opportunities to mainstream finance.