On Friday, REXShares filed a prospectus for new staking ETFs based on Solana (SOL) and Ethereum (ETH) for the U.S. Following this, there are speculations growing in the crypto community that these ETFs could debut within the next few weeks, likely to be in June 2025.
James Seyffart, a Bloomberg ETF analyst, has shared this news on X and said,” Don’t know launch date but could be within the next few weeks.” Even other analysts are saying that it could be approved in June.
These comments are coming based on the phrase “immediately upon filing pursuant to paragraph (b)” which is mentioned in the filing. This phrase means that the ETF prospectus becomes effective right after it is filed with the SEC, without needing to wait for a review or specific approval date. This will speed up the process and allow funds to start trading much sooner than usual.
These ETFs are unique in that they follow the 1940 Act and are structured as C-corporations. This enables the funds to stake at least 50% of their ETH and SOL holdings and distribute staking rewards to investors.
However, the SEC said the registration forms might be “improperly filed,” and some information could be “misleading.” They worry this might confuse investors. Additionally, with no confirmed launch date for the staking of SOL and ETH, investors could remain uncertain and worried.
Also Read: Canary Renames Solana ETF, Adds SOL Staking in Amended S-1 Filing
