Analysts Predict Imminent Launch of Staking-Enabled ETF in the U.S.

Progress on the REX Shares application for launching an ETF based on Solana and Ethereum, featuring staking, indicates that the product could soon enter the U.S. market. This was stated by Bloomberg exchange analyst Eric Balchunas.

«REX has also submitted a thoroughly completed updated prospectus. Put all of this together, and it appears that the systems are gearing up for a swift launch,” he mentioned.

On June 28, the management firm announced the «first-ever staking crypto ETF in the U.S.» According to the SEC filing N-1A, the company plans to introduce two products based on SOL and ETH that will generate profits through staking.

Although the SEC has not yet officially approved the funds, Balchunas shared a screenshot of an email confirming that REX Shares has received feedback and revisions from the regulator.

Nate Geraci, president of ETF Store, described the emergence of a spot SOL-ETF with staking from REX Shares as «inevitable»:

«It seems that [the companies] are comfortable moving forward with their innovative ’40 Act structure. That’s the takeaway.”

At the end of May, Bloomberg analyst James Seyffart had already pointed out the product, noting that the firm utilized a rare structure for the fund — a C Corp. He mentioned that this approach allows them to bypass the traditional 19b-4 filing process.

«This structure has its advantages and disadvantages. One advantage is that it was a way to gain some preliminary approval from the SEC,» Seyffart added.

In the past 24 hours, Solana has risen by 3.6% amid stagnation in the broader market. At the time of writing, the coin is trading at $151, according to CoinGecko.

In June, Bitwise updated its applications for ETFs based on Dogecoin and Aptos.