The ETF provider the REX share is on the verge of launching the first Solana Stacking Exchange-Trade-Trade Fund (ETF), after which analysts described what analysts described as a successful response to the response to the US Securities and Exchange Commission (SEC).
ETF analyst Eric Balchunas said, “Rex also filed an updated prospectus, which is completely filled. Add all this, and it appears that all systems go for adjacent launch,” ETF analyst Eric Balchunas Said In an X post on Friday.
SEC “comfortable” with unique ETF structure
ETF Store Chairman Nate Gresi Said In an X post on the same day, it seems that the SEC is open to the rax shares, which is open to the incredibly rare C-Cor business structure used in the fund, which SEC had earlier argued with conflicts with the 6C-11 rule, which is known as “ETF Rules”.
“It seems that they are comfortable in furthering the W/ their creative ’40 Act structure,” said Garasi. “We go here,” he said. He earlier said on 29 May that Rex’s shares took “regulator end-round” with this approach.
Echoing the spirit of gerassi, ETF analyst James Safart said that the way Rex shares structured their Solana (Sol) stacking ETF proposal, “ETF was very rare in the world” because this standard bypasses the 19B-4 filing process that most other ETF providers have used for stating products, which are still one of which one of which is still one of which Are referring to the decision.
Analysts say SEC’s comments have been addressed
However, on Friday, Gresi said, “It seems that they believe that comments are resolved.”
“Crypto ETF starts summer,” he said.
Balchunus cited an email screenshot that to confirm that Rex shares have addressed SEC’s comments.
“So they are good to launch, it seems. Wow,” Balchunas said.
In a post on the same day, Rex shares Said “Staked Crypto ETF” is coming soon in the US.
Crypto ETF is highly anticipated by the stating industry in ETF
It explained that its Rex-Osprey Sol and Steaking ETF are designed to track the performance of Solana by generating yield through onchain stacking.
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Rex’s shares said, “A new era of Yield-Janrating Crypto Exposure is here.”
The stacking industry has been a long -awaited feature by many ETF audiences.
On 20 March, Robbie Micheic, head of Blackrock’s digital assets, described the firm’s Ether ETF as a “tremendous success”, but admitted that ETF is “less perfect” without a staying.
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