Asset management firm RexShares has made an ambitious move to file a prospectus for Solana and Ethereum staking ETF products in the United States. Unlike other investment firms pursuing similar products, RexShares has chosen an unconventional application model for this product. The RexShares Solana and Ethereum Staking ETF An X post from Bloomberg Senior ETF Analyst James Seyffart revealed that this filing is not the typical 19b-4 obtainable in a traditional ETF pursuit. As explained, these are 40-Act funds with a unique structure. While the launch date is not clear from the filing, the analyst suggests these products may go live within the next few weeks. This filing comes shortly after the US Securities and Exchange Commission (SEC) confirmed that Proof-of-Stake protocol staking is not securities. Commenting further on the RexShares filing, James Seyffart noted at how clever the approach is. “As you can see in screenshot above. They will… Read More at Coingape.com
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