ETF provider Rex shared comments from the US Securities and Exchange Commission and is expected to launch the first funds exchanged by Solana Staking, the analysts said.
“Rex also filed an updated prospectus, which was fully filled. Add it all, and it appears as if all the systems are going for a close launch,” ETF analyst Eric Balchunas Says On an X post on Friday.
The SEC seems to be “comfortable” with a unique ETF structure
ETF Store President Nate Geraci Says On an X post on the same day appears that the SEC is open to sharing rex Incredibly rare C-corp business structure Used in the fund, the SEC previously argued the conflict with the 6C-11 rule, which is collectively known as “the ETF rule.”
“They seem comfortable pushing the w/ their creative ’40 gesture structure,” Geraci said. “Here we go,” he added. He had earlier said on May 29 that Rex’s sharing took the “regulation of end” in this procedure.
Echoing Geraci’s sentiment, ETF analyst James Seyffart said the way That rex shares the structure of their Solana (Sol) The ETF proposal is “very rare in the ETF world” because it prevents the standard 19B-4 filing process that most other ETF providers have been used for staking products, many of which are still waiting for a decision from SEC.
Analysts said the SEC comments were met
However, on Friday, Geraci said, “They seem to believe the comments have been resolved.”
“Crypto ETF Summer is starting,” he added.
Balchunas cited an email screenshot to confirm that Rex’s shares responded to the Comments of the SEC.
“So they’re good to launch, it looks like. Wow,” Balchunas added.
In a post on the same day, Rex shares Says That “the first staked crypto ETF” in the US is coming.
Staking in crypto ETFs is highly expected by the industry
It explained that the Rex-osprey Sol and Staking ETF are designed to monitor Solana’s performance while developing yield via onchain staking.
Related: The Solana Futures Open Interest Hits $ 7.4B AMID ETF Speculation: Is $ 200 Sol next?
“A new period of crypto yield exposure is here,” Rex Shares said.
Staking is a long -awaited feature of many ETF viewers in the industry.
On March 20, Blackrock’s digital assets Robbie Mitchnick described the company’s Ether ETF as a “massive victory” but identified a major limit. Mitchnick said the ETF is “less perfect” without staking.
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