Wall Street Wakes Up: REXShares Bets Big on Crypto Staking with Solana & Ethereum ETF Filings

Another day, another ETF—but this time, Wall Street’s dipping its toes into crypto’s passive income pool. REXShares just filed for staking-focused ETFs targeting Solana and Ethereum, a move that could let traditional investors earn yield without touching a wallet (or understanding how blockchain works).

Staking goes mainstream? The filing signals growing institutional appetite for crypto’s native yield mechanisms—even as regulators keep squabbling over whether staking rewards are securities. Solana’s inclusion is especially telling; once written off as an ‘ETH killer,’ it’s now getting the Wall Street stamp of approval.

Of course, the fine print will matter. Expect custody fees, staking cuts, and the usual financialization spaghetti that turns elegant protocols into bloated products. Because nothing says decentralization like a prospectus full of legalese.

James Seyffart, a Bloomberg ETF analyst, shared this news on social media and confirmed the details about REXShares’ filing. He said:

“REXShares just filed an effective prospectus for Solana and Ethereum staking ETFs to list here in the US. Don’t know launch date but could be within the next few weeks. These are 40-act funds with a unique structure and do not go through the 19b-4 process.”

These ETFs will operate under the Investment Company Act of 1940, or the “40-Act,” which is a set of rules that carefully regulate investment funds and how they work with investors.

The big difference with these new ETFs is that they don’t have to wait for the usual, slow SEC approval process called “19b-4.” Instead, they use the 40-act rules, which are already SEC-approved. That means getting these funds to market can happen faster and smoothly.

This is a pretty big deal for crypto ETFs in the US. Soon, investors will have new, regulated ways to earn staking rewards from solana and Ethereum, giving them more solid options to put their money into crypto.

Also Read: CRO price Surges as Canary Files for Staked Cronos ETF