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Analysts Predict Imminent Launch of Staking-Enabled ETF in the U.S.

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Analysts Predict Imminent Launch of Staking-Enabled ETF in the U.S.

Progress on REX Shares’ application to launch a Solana and Ethereum-based ETF with staking capabilities suggests the product will soon debut in the U.S. market, according to Bloomberg analyst Eric Balchunas.

“REX also filed an updated prospectus, which is fully completed. Put it all together, and it seems systems are ready for a swift launch,” he wrote.

On June 28, the management firm announced the “first-ever staked crypto ETF in the U.S.” According to the SEC Form N-1A submitted, the company plans to release two products based on SOL and ETH, generating yield through staking.

Although the funds have yet to receive official approval from the Commission, Balchunas shared a screenshot of an email confirming that REX Shares received comments and adjustments from the regulator.

Screenshot of correspondence stating “staff have no further comments at this time.” Source: X.

Nate Geraci, president of ETF Store, called the emergence of a spot SOL-ETF with staking from REX Shares “inevitable”:

“It seems [the company] is comfortable moving forward with their creative ’40 Act structure. That’s it.”

In late May, Bloomberg analyst James Seyffart had already highlighted the product, noting that the firm used a rare structure for the fund—a C Corp. According to him, this approach allows bypassing the traditional 19b-4 form filing process.

“This structure has its pros and cons. One advantage is that it was a way to get some approval from the SEC,” Seyffart added.

Over the past day, Solana has risen by 3.6% amidst a stagnant market. At the time of writing, the coin is trading at $151, according to CoinGecko.

In June, Bitwise updated its applications for ETFs based on Dogecoin and Aptos.

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