ETF analyst Eric Balchunas says REX Shares’ latest Solana staking ETF filing with the SEC suggests the product is ready launch any day now.
ETF provider REX Shares has addressed feedback from the US Securities and Exchange Commission and is expected to soon launch the first-ever Solana staking exchange-traded fund, analysts say.
“Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,” ETF analyst Eric Balchunas said in an X post on Friday.
ETF Store president Nate Geraci said in an X post on the same day that it appears that 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, colloquially known as “the ETF rule.”
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