REX Shares is pushing for Ethereum and Solana staking Exchange Traded Funds (ETFs) amid evolving regulatory guidelines from the Securities and Exchange Commission (SEC). The company’s proposals employ a novel C-corporation structure, utilizing Cayman subsidiaries to capture rewards associated with staked assets. 
This unique strategy aims to circumvent SEC limitations on traditional staking ETFs. James Seyffart of Bloomberg Intelligence has praised the intricate legal maneuvers employed. REX plans to launch these products, assuming Nasdaq approval, and aims to offer U.S. investors exposure to staked Ethereum and Solana via Cayman subsidiaries. The innovative approach could unlock new investment opportunities for crypto assets, but challenges remain in terms of funding and SEC approval. The industry anticipates a significant impact when trading begins.