The first Ethereum and Solana staking ETFs could launch in the US within weeks, according to industry experts. REX Shares has filed a proposal with regulatory workarounds, which is rare in the ETF world. The company’s filings state that the funds are structured as C-corporations for tax purposes, incuring current and deferred tax expenses. Analyst James Seyffart expects these ETFs to gain spot exposure to Ether and Solana via Cayman subsidiaries.
This development comes after the SEC delayed its decision on Bitwise’s application to add staking to its Ether ETF. Seyffart believes that REX Shares’ proposal is a “clever legal and regulatory workaround” to get the products to market. The two crypto ETF launches are expected to stake at least 50% of Solana and Ether, addressing a key limitation in existing Ethereum ETFs.
Source: https://cointelegraph.com/news/ether-solana-staking-etf-filings-rex-shares-speculation-crypto-analysts