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The first Solana staking ETF (exchange-traded fund) that will track the price of SOL and deliver staking yields to investors will begin trading on July 2, according to REX Shares.
“Coming Wednesday: The First-Ever Staked Crypto ETF in the U.S.!” the firm said in a June 30 X post.
SEC Has No Further Comments On REX Shares Solana Staking ETF
The X post by REX Shares comes after the US Securities and Exchange Commission (SEC) informed the firm that it had “no further comments” on the Solana staking ETF filing jointly submitted by REX Shares and Osprey Funds.
The product, which is officially titled the REX-Osprey Solana and Staking ETF, would be the first US ETF to offer investors SOL exposure alongside staking rewards.
That is made possible through the ETF’s structure under the Investment Company Act of 1940 using a C-corporation format that allows staking income to flow directly to investors without triggering any regulatory red flags around taxation, yield or custody.
The SEC had asked REX and Osprey to delay the effective date of their registration statements on May 30, citing unresolved concerns as to whether the proposed fund structures fit the definition of an “investment company” under the Act.
However, the SEC’s silence regarding the C-corp approach appears to validate REX and Osprey’s product as a compliant solution. As such, “they are good to launch,” Bloomberg ETF analyst Eric Balchunas said in a June 28 X post.
Update: here’s the SEC saying it has no further comments, so they are good to launch it looks like. Wow. pic.twitter.com/EB2AzasrsD
— Eric Balchunas (@EricBalchunas) June 28, 2025
Analysts Up Odds Of SOL, XRP And LTC Spot ETF Approval To 95%
Several spot altcoin ETFs could follow the REX-Osprey fund soon, according to Balchunas and his colleague, James Seyffart.
The analysts said on X yesterday that they anticipate a “wave of new ETFs in the second half of 2025.” Balchunas and Seyffart subsequently raised the odds for Solana, XRP and Litecoin spot ETF approvals from 90% to 95%.
Here are mine and @EricBalchunas‘ most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025. pic.twitter.com/H3pxJhqMy3
— James Seyffart (@JSeyff) June 30, 2025
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