REX-Osprey has made a significant change to its Solana exchange-traded fund (ETF), shifting from a C-Corporation structure to a Regulated Investment Company (RIC). This restructuring aims to improve tax efficiency for investors and increase the ETF’s competitive edge in the increasingly crowded crypto market. ➡️ Read more: The move eliminates double taxation, a major disadvantage compared to traditional U.S. ETFs, by allowing earnings from the fund to be passed through to shareholders for individual taxation. This is a common practice for most U.S. ETFs and aligns with industry standards. 📈 This new structure is expected to appeal to more retail and institutional investors looking for simplified tax structures. The SSK Solana + Staking ETF continues to offer direct exposure to Solana’s spot price along with staking rewards, setting it apart from other potential future Solana ETFs that solely focus on token price tracking. The change comes at a time when regulatory approvals for Solana spot ETFs are near, and the transition is expected to benefit REX-Osprey by streamlining its taxation, making it more attractive to investors seeking a clear and straightforward approach to crypto investing. 📚 For investors, this signifies a step towards greater transparency and streamlined tax management in the rapidly evolving world of crypto investment.