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ETF analyst Eric Balchunas says REX Shares\u2019 latest Solana staking ETF filing with the SEC suggests the product is ready launch any day now.<\/p>\n
ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC).<\/p>\n
\u201cRex also filed an updated prospectus, which totally filled in. Add it all up, and it app<\/a>ears as though all systems go for imminent launch,\u201d ETF analyst Eric Balchunas said<\/a> in an X post on Friday.<\/p>\n ETF Store president Nate Geraci said<\/a> in an X post on the same day that it looks like the SEC are open to REX Shares incredibly rare c-corp business structure used in the fund, which the SEC previously argued conflicts with the 6C-11 rule, also known as \u201cthe ETF rule.\u201d\u00a0<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n