Compass Investments

– 2862025 REX Shares has announced plans to launch an innovative ETF called the REX-Osprey SOL Staking ETF. The fund aims to change the way investors think about digital assets in the US.

The new exchange traded fund, which will be hosted on the X platform, aims to map the dynamics of Solana, a popular blockchain platform, and utilize the power of staking on the blockchain to increase investor returns.

If launched, the fund will be the first ETF of its kind in the U.S. to combine traditional investment vehicles with cryptocurrency-stacking returns. A well-known senior ETF analyst from Bloomberg, Eric Balchunas, recently shared on X that the SEC (U.S. Securities and Exchange Commission) has completed its review of the fund proposal without comment, indicating that there are no obstacles to the launch.

This comes after concerns from the SEC, which had previously warned REX Shares and Osprey Funds that their proposed ETFs containing both Solana and Ethereum might not comply with the Investment Company Act regulations. The regulator questioned whether the funds could be classified as investment companies, which is a prerequisite for compliance.