Analysts say ETF provider Rex Stock has addressed SEC feedback and is expected to launch the first ever Solana Equity Exchange-traded fund soon.
ETF analyst Eric Balchunas, “Rex also filed an updated prospectus. explain In Friday’s X post.
SEC seems to be “comfortable” for unique ETF structures
Nate Geraci, President of ETF Store explain In X posts on the same day, it seems that SEC is open to Rex stock Incredible Rare C-Corp Business Structure The SEC used to conflict with the 6C-11 rule in funds, which is called the “ETF rule.”
“It looks like they’re comfortable pushing their creative ’40 ACT structure,” Geraci said. “We’re leaving,” he added. He had previously said on May 29 that Rex’s stock adopted this approach to adopting the “final scope of regulation.”
ETF analyst James Seyffart responds to Geraci’s opinion Rex’s structure Solana (sol) The Staging ETF proposal is “very rare in the ETF world” as it bypasses the standard 19b-4 filing process that most other ETF providers use to make products, many of which are still awaiting the SEC’s decision.
Analysts say SEC’s comments have been resolved
But, Grassi said Friday: “It looks like they think the comments have been resolved.”
“The summer of crypto ETFs begins,” he added.
Balchunas cites an email screenshot to confirm that Rex stock has resolved the SEC’s comments.
“So they’re happy to launch and look like. Wow,” Balchunas added.
In the same day’s post, Rex shared explain The upcoming “first fixed encryption ETF ever” in the United States.
The industry is highly anticipated
It explains that its Rex-Osstrey Sol and Staking ETFs are designed to track Solana’s performance while producing production through OnChain Stating.
Related: Solana Futures Open Isport hits $7.4B in ETF guess: Is the next step a $200 SOL?
“This is a new era for cryptocurrency vaccines that produce production volumes,” Rex said.
Staking has been a long-awaited feature of many ETF viewers in the industry.
On March 20, Blackrock’s digital assets head Robbie Mitchnick described the company’s Ether ETF as a “huge success” But acknowledge a key limitation. Mitchnick said the ETF was “not perfect” and had no bets.
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