Key dealers
- The Security Office issued no further comments about Rex and Osprey’s Staked Eth and Sol ETFS, and cleaned the way for a possible launch.
- Sec-policy changes can enable the first round of US-listed stacked ETFs, and speeds up institutional adoption of altcoin investment products.
ETF supplier Rex Financial and Asset Management Firm Osprey Funds may be about to launch the first fenced Ethereum (ETH) and Solana (SoL) ETFs in the United States, following a new development in their regulatory process.
According to Bloomberg ETF analyst Eric Balchunas, Sec said in a statement on June 27 that it had no further comments “about the companies’ applications.
The update came in response to a request Sent by Rex and Osprey to Sec and sought confirmation that all staff comments for their inserted Ethereum and Solana ETFS had been resolved.
Rex and Osprey applied for staked sun and ETFs at the end of May and proposed ETF structures that would enable the funds to hold and invest the two prominent crypto assets and distribute rewards to the shareholders.
However, Sec immediately raised concerns that Rex and Osprey’s proposed funds may not be qualified as ETF according to existing rules due to their unique business structure for C-Corporation. The structure contravenes the ETF rule, which defines acceptable forms of business for ETFs.
Despite legislative barriers, industry people were hopeful for a resolution, which allowed the funds to bring new liquidity to the crypto market.
“Here is Sec that says it has no further comments, so they are good to launch it looks,” mentioned Balchun.
Rex and Osprey have also signaled the preparedness from the product side. A newly published “Coming Soon” campaign contains prominent the upcoming filed ETH and SOL ETFs on their website, but no official confirmation has been issued regarding approval or launch date.
Coming soon: The first stacked crypto-onef in the United States!
Introduction of Rex-OSprey ™ Sol + Staking ETF, designed to track Solana performance while generating exchange through the chain.
✔ Sun exposure
✔ Staka rewardsA new era of return -generating crypto … pic.twitter.com/i8yieqii5r
– Rex -shares (@rexshares) June 27, 2025
SEC has signaled potentially approval for Solana ETFS Later this year, following a new request to revise language around In-Kind Redemption and Staking Practice, which indicates a growing openness to integrate staking into ETF structures.
All seven capital managers who try to start Solana ETFs, including Grayscale, Vanec, 21Shares, Canary Capital, Bitwise and Franklin Templeon, have updated their applications to include staking functions in response to Sec’s feedback.
