REX Shares Set to Launch First-Ever Solana Staking ETF Following SEC Green Light

REX Shares appears ready to roll out the first-ever Solana staking ETF in the United States, after what analysts say has been a positive response from the SEC to its unconventional regulatory approach.

SEC Comfortable with Rare C-Corp ETF Structure

The upcoming ETF, which will include onchain staking rewards, is seen as a breakthrough in crypto-based financial products. ETF Store president Nate Geraci noted on Friday that the SEC now seems “comfortable” with REX Shares’ use of a C-corporation structure—a rare and previously contentious choice under SEC rules.

Looks like they’re comfortable pushing forward w/ their creative ‘40 Act structure,” Geraci wrote on X, referring to the Investment Company Act of 1940, which governs mutual funds and certain ETFs. He previously described REX’s workaround as a “regulatory end-around” for crypto staking ETFs.

Analysts Confirm Imminent Approval

Bloomberg ETF analyst Eric Balchunas also confirmed the imminent launch, citing updated filings and internal communication. “All systems go for imminent launch,” he said, adding that REX Shares appears to have satisfied the SEC’s final comments.

Fellow ETF analyst James Seyffart described REX’s ETF proposal as “very rare in the ETF world” due to its avoidance of the standard 19b-4 filing process. That process, typically required for crypto staking ETFs, has stalled similar proposals from other firms like Fidelity and ARK.

Product Details: Solana Exposure + Onchain Staking

The fund, officially titled the REX-Osprey Solana ETF, will offer investors exposure to Solana (SOL) while generating passive income through onchain staking rewards. This mechanism allows token holders to earn yield by supporting network operations—an increasingly in-demand feature for crypto-focused funds.

In a post on Friday, REX Shares confirmed the product was “coming soon,” branding it as the first staked crypto ETF in the U.S.

Staking ETFs: A Long-Awaited Innovation

The development marks a major step for crypto ETFs, particularly those tied to staking-enabled blockchains like and . Many industry participants have expressed frustration over the SEC’s prior hesitance to approve staking components.