REXShares has just taken a big step in the crypto world by filing a prospectus for new staking ETFs based on Solana (SOL) and Ethereum (ETH) that will be available in the US. While the exact launch date isn’t out yet, experts think these funds could start trading in the coming weeks.
James Seyffart, a Bloomberg ETF analyst, shared this news on social media and confirmed the details about REXShares’ filing. He said:
“REXShares just filed an effective prospectus for Solana and Ethereum staking ETFs to list here in the US. Don’t know launch date but could be within the next few weeks. These are 40-act funds with a unique structure and do not go through the 19b-4 process.”
ETF expert Eric Balchunas also weighed in on the filing, noting that these could be the first-ever staked Ethereum and Solana ETFs to launch in the US. He pointed out that since the REXShares filing has already gone effective, a launch is likely just around the corner.
Balchunas added that this would also mark the debut of the first spot Solana ETF—until now, only futures-based products have existed. He explained that using the 40 Act gives issuers a quicker path to market, although it requires meeting more regulatory requirements compared to the traditional 33 Act route. “Interesting,” he added, highlighting the significance of this move.
These ETFs will operate under the Investment Company Act of 1940, or the “40-Act,” which is a set of rules that carefully regulate investment funds and how they work with investors.
The big difference with these new ETFs is that they don’t have to wait for the usual, slow SEC approval process called “19b-4.” Instead, they use the 40-act rules, which are already SEC-approved. That means getting these funds to market can happen faster and smoothly.
This is a pretty big deal for crypto ETFs in the US. Soon, investors will have new, regulated ways to earn staking rewards from Solana and Ethereum, giving them more solid options to put their money into crypto.
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