REX Shares and Osprey Funds have filed with the U.S. Securities and Exchange Commission (SEC) to launch staking exchange-traded funds (ETFs) for Ethereum (ETH) and Solana (SOL). The Staked Ethereum and Solana ETFs will track the value of ETH and SOL as well as stake at least 50% of their holdings to generate token rewards. […]
ETF approval process
SEC Confirms Fidelity’s Solana ETF as Approval Odds Skyrocket to 89%
In a boost to Solana ETF prospects, the U.S. SEC has officially confirmed Fidelity’s filing application for an $SOL spot exchange-traded fund. While the move doesn’t indicate approval, it simply means that the process has just started. Earlier in March, Fidelity Investments first registered “Fidelity SOL Fund” as a statutory trust in Delaware before updating the filing […]
Solana ETFs: The Next Big Bet for Institutional Investors
Key Takeaways: A surge in cryptocurrency ETFs is expected next year, with Bitcoin-Ethereum combo ETFs likely leading the way. These will possibly be followed by Litecoin and Hedera (HBAR), which it believes have an advantage since the SEC has not classified them as securities. The appearance of Solana (SOL) and XRP ETFs will be delayed […]
Hong Kong’s VSFG Eyes Ethereum ETF Following Bitcoin Triumph
Hong Kong-based financial services firm Venture Smart Financial Holdings Ltd. (VSFG) is gearing up to apply for a spot Ethereum exchange-traded fund (ETF) following the recent approval of a spot Bitcoin ETF in the United States. The move is seen as a significant step toward the broader adoption of cryptocurrencies and establishing Bitcoin as an […]