REX Shares Exploits Legal Loophole to Launch Ethereum and Solana Staking ETFs

REX Shares has filed a prospectus with the US Securities and Exchange Commission (SEC) for two innovative exchange-traded funds (ETFs) focused on staking Ethereum (ETH) and Solana (SOL). This move bypasses traditional ETF approval processes, potentially accelerating the launch time frame. 40-Act filings, utilizing investment company regulations under 1940, offer a faster route to market compared to the more complex 19b-4 process, according to Bloomberg analyst James Seyffart. ]