REX Shares Files for Ethereum, Solana Staking ETFs

REX Shares, a financial firm, has proposed launching staking ETFs for Ethereum and Solana, using a unique structure involving C-corporations and Cayman subsidiaries. The proposal surfaced on May 30, 2025.

“These ETFs are structured as c-corps. Which is very rare in the ETF world. … Trading could start within the next few weeks if seed shares clear the Depository Trust Company and Nasdaq completes symbol reservation.” — James Seyffart, ETF Analyst, Bloomberg.

The proposal surfaced on May 30, 2025. James Seyffart, Bloomberg’s ETF analyst, highlighted that these ETFs are structured as C-corporations. Trading could start soon if operational clearances like the Depository Trust Company are secured.

The regulatory maneuvering may significantly impact ETH and SOL, potentially increasing institutional legitimacy and altering staking inflows. Investors may see changes in the total value locked due to enhanced access.

Financial shifts include a 0.75% management fee with an estimated 1.28% in first-year expenses. These ETFs offer direct yields through staking rather than capital appreciation alone.

The SEC’s recent stance that Proof-of-Stake does not classify as securities provides a conducive environment for the ETFs. This regulatory shift may catalyze similar innovations in the market.

These innovative ETFs could result in increased capital inflows and staking, affecting adjacent DeFi protocols. Historical trends from the approval of spot ETFs bolster expectations for substantial market changes.