It’s no wonder that Solana is now taking center stage. Like the previous Ethereum ETF proposals, REX Shares has proposed a new Solana crypto ETF that involves staking and utilizes a different legal structure. This decision has teensily placed Solana to ride point for the new, bumping the would-be banner into the role of potential cryptocurrency market regulation flagbearer. This “c-corp” model layered on a 40 Act framework has led to an incredible opportunity for Solana. Such a decision would similarly set a precedent for all other altcoins to do the same.

Solana's ETF Proposal: A Legal Breakthrough

REX Shares is taking the next step into this brave new world as it launches a Solana crypto ETF with staking. The REX-Osprey SOL + Staking ETF aims to provide investors with exposure to Solana's price movements and yield generated through on-chain staking. This proposal, tempered by a fascinating but highly restrictive legal structure, has been the target of much speculation, attention, and excitement in the crypto world.

"Looks like they are ready to move forward with their creative ’40 Act’ structure. Let’s go" - Nate Geraci

This innovative approach utilizes a "c-corp" model combined with a 40 Act framework, which seems to have overcome previous regulatory hurdles. The 40 Act framework is an important stabilizer. It sets the regulatory framework that prevents the ETF from becoming an effective tool. This framework provides a much-needed level of investor protection and transparency that is currently missing from the cryptocurrency world.

The proposed ETF would seek to capitalize on Solana’s strengths, such as its strong technology, potential yield, and increasing adoption. These elements have contributed to making Solana one of the go-to assets for investors looking to get involved in the booming world of crypto.

Solana's Growing Prominence

Solana has suddenly risen to the top of also rans in the crypto space, striking a chord in markets that are becoming more regulated. Combining its rapid transaction speeds with its cutting-edge technology behind the scenes, it’s no wonder that Solana has quickly taken the developer and user community by storm.

Solana is flying high as an altcoin alternative as over 30 ETFs await SEC approval. It is presently at the front of the line for the soon-to-be-launched-first-ever crypto ETF. This new milestone marks the latest indicator of Solana’s growing acceptance among the entrenched financial powers.

"Everything is ready for an imminent launch" - Eric Balchunas

If a Solana ETF really does get drafted and launched, it would be just another thing to reinforce its status as one of the top cryptocurrencies.

Implications for the Crypto Market

REX Shares’ Solana ETF application might have extensive consequences for the larger cryptocurrency market. If passed, this would be a tremendous precedent for altcoins to take. In any case, approval is certainly paving the way for a wave of new crypto ETFs flooding the market.

"A new era of yield-generating crypto exposure is here," - REX

The long-awaited launch of a Solana ETF would open the door to increased institutional adoption of other cryptos. The more stable these underlying foundations are and as traditional financial institutions continue entering the crypto space, I believe the market will naturally mature and become more stable.

"Will some of these other assets—Solana, XRP, Litecoin—get to millions and millions of assets and some decent trading volume and flows?" - James Seyffart of Bloomberg