Analysts anticipate the imminent launch of the first-ever Solana staking exchange-traded fund (ETF) by REX Shares, following key updates to their filing with the U.S. Securities and Exchange Commission (SEC). Eric Balchunas, an ETF analyst, noted that REX Shares has addressed SEC feedback and provided a comprehensive updated prospectus, indicating readiness for launch. The SEC appears to be comfortable with the unique structure of the ETF, which utilizes an approach that differs from traditional filings most other providers follow. ETF Store president Nate Geraci highlighted that the SEC is supportive of this innovative structure, leading to excitement for the upcoming 'crypto ETF summer.' The REX-Osprey SOL and staking ETF aims to track Solana's performance while generating yield through on-chain staking, a feature eagerly awaited by the industry. Staking has been regarded as a significant element for crypto ETFs, with previous comments from institutions like BlackRock underscoring its importance in asset performance.

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