- RexShares files for Solana and Ethereum staking ETFs.
- The move reflects institutional interest in crypto.
- Potential shift in staking rates and liquidity.
RexShares, an asset management firm, has filed a prospectus to list Solana and Ethereum staking ETFs in the U.S.
These ETFs leverage unique legal structures to enter the U.S. market, indicating a rising interest in yield-generative crypto products.
RexShares, known for ETF innovation, has filed a prospectus to introduce Solana and Ethereum staking ETFs in the U.S. The filing shows an effort to explore new regulatory paths. ETF Analyst James Seyffart stated, “As you can see in screenshot above. They will be getting their spot exposure to ETH and SOL via Cayman subsidiaries. All of this, assuming they launch in near future, is a bunch of clever legal and regulatory work-arounds to get these products to market.”
Involved parties include REXShares and James Seyffart, with the firm accessing spot crypto via Cayman subsidiaries. The process marks a shift towards integrating crypto yields with traditional finance.
Immediate market effects involve potential adjustments in staking flows and liquidity levels. Financially, the plan allows investors to access staking rewards through regulated channels. This innovation introduces changes that could influence DeFi protocols like Lido or Rocketpool. Long-term considerations include potential impacts on regulatory practices for crypto ETFs. The filing may set precedents for future financial products, intertwining traditional finance and blockchain. As the SEC examines this approach, the industry watches for further developments.
