Crypto ETFs: RexShares Lists Solana Ethereum

RexShares Files for Solana and Ethereum Staking ETFs

• The RexShares Solana and Ethereum Staking ETF is structured as a 40-Act fund, not a typical 19b-4.
• The ETFs will gain spot exposure to ETH and SOL through Cayman subsidiaries.
• The US SEC recently confirmed that Proof-of-Stake protocol staking is not considered securities.
• Grayscale’s Avalanche and Cardano spot ETF applications have been delayed by the SEC.
• WisdomTree’s XRP spot ETF proposal has moved to the next evaluation phase under Section 19(b)(2)(B).

The RexShares Solana and Ethereum Staking ETF, utilizing Cayman subsidiaries for exposure, may launch soon following the SEC’s stance on Proof-of-Stake. Meanwhile, Grayscale faces delays with its ETF applications, while WisdomTree’s XRP proposal progresses.