According to ETF analysts, after the recent filing by the ETF provider Rex shares, the first Etreum and Solana Stacking Exchange-Treded Fund (ETF) can debut within a few weeks in the United States, which according to ETF analysts using “regulatory work-rounds” according to ETF analysts.
Since his launch in July 2024, the staking component for the Spot Ether (ETH) ETF has been highly anticipated, some industry officials argued that the product seems incomplete without it.
Rex shares have a “unique structure” in the filing of shares
ETF analyst James Safart said, “These ETFs have been structured as C-corps. ETF is very rare in the world.” Said Filing in Rex shares in the post of May 30.
“The date of launch is not known, but it can happen within the next few weeks.”
Rex shares stated in the filing that the fund is “classified as a C-Corporation for tax objectives, and, such as, will receive the current and postponement tax expenses. Such current or postponed tax liabilities, if any, will be reflected in the net asset value of the fund.”
Safarte reported that Rex shares proposed Solana (SOL) and Ether staking ETF “are 40 -ACT funds with a unique structure and do not undergo 19B -4 process.”
The SEC comes after delay in its decision on the application of bitwaiz to add stacking to its Ether ETF on 21 May. At that time, Safart said that the delay was expected as the SEC “usually takes full time to respond to the 19B -4 filing.”
Two Crypto ETF launch “adjacent”
Safarte stated that Fund Ether and Solana would receive exposure to “Cayman aids”.
“All this, assuming that they launch in the near future are a group of clever legal and regulatory workarounds to bring these products to the market,” said Safart.
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“There are professionals and opposition for the structure, but it seems that one of the supporters was that it was a way to get some level of signoff from SEC,” Safart said.
Echo of a similar sense, Chairman of ETF Store Nate Greesy Said Rex’s shares took the “regulator end-round”.
“Looks like two Crypto ETF launch is adjacent,” Garasi said, stating that the two ETFs are demanding “at least 50%” stake of Solana and Ether.
This has been a long -awaited feature by many people in the industry. On 20 March, Robbie Micheic, head of Blackrock’s digital assets, described the firm’s Ether ETF as a “tremendous success”, but acknowledged a significant range. Michanik said that the ETF is “less perfect” without stake.
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