Ethereum And Solana Staking ETFs May Launch Soon With New Structure

HomeNews* First Ethereum and Solana staking ETFs in the U.S. could launch in the coming weeks.

• REX Shares filed with a rare C-corporation structure to introduce these funds.
• These ETFs will offer spot exposure to Ether and Solana through overseas subsidiaries.
• Staking is set to cover at least 50% of fund assets according to recent statements.
• The SEC has delayed similar applications but the new structure could allow faster approval. REX Shares has filed to launch the first exchange-traded funds (ETFs) in the United States that feature staking for Ethereum and Solana, according to recent analyst reports. The ETFs could begin trading within the next few weeks, pending regulatory processes. These products aim to address industry calls for staking options in crypto ETFs following the July 2024 debut of spot Ether funds.

• Advertisement - ETF analyst James Seyffart highlighted that REX Shares structured their proposed ETFs as C-corporations, an unusual format for this type of fund. In a filing, the company stated that the funds will be taxed as C-corporations and will reflect current or deferred tax liabilities in their net asset value. This structure is intended to create a regulatory solution that allows for staking features, which were previously delayed by the U.S. Securities and Exchange Commission (SEC).

Industry figures, including BlackRock’s head of digital assets Robbie Mitchnick, have called staking a missing piece in existing spot Ether products. Mitchnick noted that while BlackRock’s ETF launch was a “tremendous success,” its lack of staking features made it “less perfect.”

Staking allows investors to earn rewards by participating in blockchain validation processes. The new ETF structure from REX Shares aims to allow U.S. investors to access these benefits through regulated financial products, depending on final regulatory approval.

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