REX Shares’ Solana Staking ETF Set to Launch Wednesday as SEC Nears Approval; Ethereum Staking ETF Delayed

REX Shares is set to launch the first Solana ETF with staking features, pending near-term approval from the U.S. Securities and Exchange Commission (SEC). The ETF is expected to go live on Wednesday, marking a notable development in the adoption of Solana blockchain technology within traditional financial markets. This new ETF structure differs from previous ones, potentially influencing the timeline for other staking ETFs, including those based on Ethereum, which have been delayed. The introduction of a staking ETF on Solana represents an important step toward integrating decentralized finance protocols with mainstream investment vehicles, as it allows investors to gain exposure to staking rewards through a regulated product. Market participants view this as a key milestone for Solana and a precursor to further crypto-related ETF approvals.