The SEC has cleared REX Shares and Osprey Funds to proceed with their Solana staking ETF, signaling implicit approval in regulatory terms. This marks a significant development as the REX-Osprey Solana and Staking ETF will offer investors exposure to Solana's price movements along with staking rewards when it begins trading on July 2. Utilizing a unique C-corporation structure under the Investment Company Act of 1940, this ETF navigates the regulatory complexities surrounding traditional crypto trusts, enabling easier distribution of variable staking yields. Previously, staking rewards faced hurdles in conventional fund models. Now, traditional investors can access Solana staking yields through a brokerage account, paving the way for future Ethereum-staking ETFs. This first-mover advantage positions REX and Osprey for a potentially lucrative market, coinciding with a rise in staking activities, such as Robinhood's launch of in-app SOL staking. The approval demonstrates a shift in the SEC's stance on staking, suggesting a willingness to embrace compliant structures for crypto assets.

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