Nikolas Sargeant
REX Shares and Osprey Funds have successfully resolved regulatory concerns with the Securities and Exchange Commission, clearing the path for the launch of the first-ever Solana and Ethereum staking exchange-traded funds in the United States. The SEC issued "no further comments" on the filings, effectively signaling approval for these groundbreaking investment vehicles that will offer staking rewards to investors.
Coming Soon: The First-Ever Staked Crypto ETF in the U.S.!
— REX Shares (@REXShares) June 27, 2025
Introducing the REX-Osprey™ SOL + Staking ETF, designed to track the performance of Solana while generating yield through on-chain staking.
✔️ SOL exposure
✔️ Staking rewards
A new era of yield-generating crypto… pic.twitter.com/I8yIEqiI5R
The milestone comes after months of regulatory uncertainty, during which the SEC initially raised questions about whether these innovative funds would qualify as traditional ETFs due to their unique staking structures. The regulatory body had previously expressed concerns about compliance issues surrounding staking-linked ETFs, even as crypto staking generally falls outside securities law scope. REX and Osprey worked diligently to address these regulatory hurdles through updated filings and prospectus amendments.
REX Shares announced its staking Solana ETF would be "coming soon" in a social media post on Friday, marking what would be the first Solana staking ETF to hit the market. The company has also prepared marketing campaigns prominently featuring both the upcoming staked ETH and SOL ETFs, indicating imminent launch preparations. Bloomberg ETF analyst Eric Balchunas noted that all systems appear ready for launch following the SEC's clearance.
These ETFs represent a significant evolution in cryptocurrency investment products, allowing investors to gain exposure to Ethereum and Solana while earning staking rewards typically reserved for direct cryptocurrency holders. The REX-Osprey approval comes as part of a broader trend, with other firms like Canary Capital also seeking SEC approval for staking ETFs, signaling growing institutional interest in this investment category. The launch would provide institutional and retail investors with a regulated pathway to participate in proof-of-stake blockchain networks through traditional brokerage accounts, potentially opening new avenues for crypto adoption in mainstream portfolios.
