REX Shares Files for Ethereum and Solana Staking ETFs

• Lyla Velez
• May 31, 2025

REX Shares has submitted a filing with the US Securities and Exchange Commission to launch Ethereum and Solana staking ETFs. The proposed funds aim to provide staking rewards exposure to US investors through a unique structure involving Cayman Islands subsidiaries.

The filing represents a possible shift in how traditional finance engages with cryptocurrency markets, potentially increasing institutional interest in Ethereum and Solana. This approach differs from previous ETF offerings by focusing on staking rather than simple price exposure.

REX Shares, known for innovation in exchange-traded products, plans to leverage a C-Corp structure with Cayman Islands subsidiaries for these ETFs. This method bypasses typical hurdles and aims to expedite market entry, which could quicken institutional and retail inflows into these assets.

Initial market impacts could see increased spot purchasing and staking within Ethereum and Solana networks. This approach draws parallels to early Bitcoin ETFs, potentially raising interest in staking across decentralized finance.

The larger financial implications include heightened exposure of US investors to staking yields traditionally difficult to access. Experts like James Seyffart have noted the atypical fund structure as potentially game-changing within the ETF landscape.

The potential outcome of these launches is a boost in Ethereum and Solana’s total value locked (TVL) and liquidity. Historical precedent suggests a positive impact on underlying asset prices, encouraging further regulatory and institutional reviews.