CMC News

$SOL and $ETH Staking #ETFs Clear SEC Hurdle for U.S. Launch

$SOL staking ETF from REX-Osprey has received #SEC clearance with "no further comments" status.

The funds will track $ETH and $SOL prices while distributing staking rewards to holders.

REX Shares announced their $SOL staking ETF is "coming soon" following regulatory approval.

Both #ETFs will trade as C-corporations under tickers ESK for Ethereum and SSK for Solana.

The 0.75% management fee structure sidesteps traditional ETF approval processes through legal workaround.

Multiple firms including Invesco and Galaxy are competing for spot $SOL ETF #approvals.

No staking ETFs have launched in the U.S. market despite spot Ethereum ETFs trading for nearly a year.