In a move that no one saw coming (except everyone with a crystal ball, a telescope, and a strong cup of coffee), REXShares has decided to wade into the wild, unpredictable waters of the US crypto scene with plans for staking ETFs based on Solana (SOL) and Ethereum (ETH). Because nothing says “cash for the future” quite like sticking your money into a fund that may or may not explode in a shower of sparks and digital confetti, right?
James Seyffart, the Bloomberg ETF analyst with a brain as sharp as a tack that’s been dipped in a vat of curiosity, shared the news on social media. His words? Well, they were a mixture of optimism, cryptic hints, and the subtle reminder that the SEC’s approval process is about as fast as a snail on a treadmill:
“REXShares has filed an effective prospectus for Solana and Ethereum staking ETFs in the US. Launch date? Who knows! Maybe within the next few weeks or perhaps whenever the stars align. These funds are under the 40-Act, meaning they don’t have to play hide-and-seek with the SEC’s 19b-4 process.”
Yes, dear reader, these ETFs are playing it the old “we already have permission” game, which means faster, smoother, and perhaps slightly less risky — or at least less bureaucratically painful — than your average crypto venture. They’re lined up under the venerable “40-Act,” a set of rules that make investment funds look like they’ve been to charm school.
What does this mean? Well, it’s a bit like discovering your medieval knight has a laser gun under his armor. Faster access, more regulation (because you can’t have enough of that, apparently), and a brave new world where you might soon get to earn staking rewards without a side of existential dread.
So buckle up, crypto enthusiasts. The future just got a little more interesting. Who knew that the most exciting thing in crypto lately would be a bunch of lawyers and regulators having a calm, orderly conversation while your investments jingle happily in the background? 🎢💸
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2025-05-31 00:06