Rex-Osprey to launch ‘first-ever staked crypto ETF in the US’ for trading on Wednesday

A Solana exchange-traded fund that will track the price and deliver staking yields to holders will begin trading on Wednesday, according to REX Shares."Coming Wednesday: The First-Ever Staked Crypto ETF in the U.S.!" the firm said Monday on X.REX Shares and Osprey Funds filed with the U.S. Securities and Exchange Commission in May to create C-corporation ETFs that would invest in Solana, and another that invests in Ethereum. The funds would also stake some of the assets for additional yield generation.The SEC is also considering a wide array of crypto ETFs, from ones that track SOL to DOGE in the face of a friendlier regulatory environment for crypto following President Donald Trump's inauguration in January. The SEC is also currently reviewing a proposal to convert Grayscale's Digital Large Cap Fund and faces a deadline on whether to approve the fund to list and trade on Wednesday. That fund holds a basket of crypto from bitcoin to Solana to XRP.Rex-Osprey's approach is different from other proposals and sidesteps an approval process with a clever legal workaround; unlike most ETFs, the funds elect to be taxable C-corps. As such, staking distributions to holders will be taxed inside the fund before being distributed to holders as dividends. The management fees for both funds are 0.75%, though the income-tax accrual will cause overall fees to be higher in most cases, according to previous reporting from The Block.The SEC previously warned that Rex Shares and Osprey Funds ETF may not meet the basic legal definition of an ETF, though that appears to have been resolved.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.