REX Shares has taken steps to launch the investment industry’s first Solana spot ETF with integrated staking functionality, aiming to provide investors with dual exposure to SOL price movements and staking rewards.
The ETF application was submitted under the Investment Company Act of 1940 (’40 Act’). Market observers note the U.S. Securities and Exchange Commission has demonstrated heightened receptiveness toward this filing structure, signaling a potentially favorable shift in regulatory attitudes.
Bloomberg senior ETF analyst Eric Balchunas spotlighted REX Shares’ innovative approach, suggesting it could establish a regulatory blueprint for future crypto ETFs incorporating staking mechanisms. The strategy specifically addresses institutional investor demands while bridging traditional finance with DeFi functionality.
Analytics firms currently estimate a 95% probability of SEC approval for spot Solana ETFs this year, citing robust market fundamentals and accelerating institutional adoption curves. Market participants interpret such approval likelihood as reflecting maturation in crypto investment frameworks.
Industry stakeholders anticipate the ETF’s potential clearance may catalyze similar yield-generating products tracking cryptocurrencies including Ethereum and Cardano, aligning with heightened investor interest in regulated exposure to blockchain-native functionalities.