Staking ETFs for Solana and Ethereum may soon be introduced to the U.S. market, following an announcement by Bloomberg ETF analyst James Seyffart.
These ETFs are structured under the Investment Company Act of 1940 instead of requiring a separate rule change filing with the SEC, potentially expediting their launch.
The launch date for these proposed funds is not confirmed yet, but they could debut in the coming weeks, offering U.S. investors regulated access to staking-based crypto yields.
By using the '40 Act, REXShares aims to navigate regulatory challenges and cater to the increasing demand for yield-generating crypto exposure in traditional investment vehicles.