REX Shares has filed an effective prospectus for Solana and Ethereum staking ETFs, allowing them to sidestep rigorous processes for spot crypto ETFs.
The ETFs, named REX-OSPREY™ ETH + STAKING ETF and REX-OSPREY™ SOL + STAKING ETF, will be listed on NASDAQ under tickers ISK for Ethereum and SSK for Solana.
The funds will gain spot exposure through Cayman Islands-based subsidiaries to enable staking yields while navigating U.S. regulatory constraints.
While this offers speed in market debut, there may be more efficient vehicles in the long term pending IRS guidance on grantor trusts supporting staking as well.