The long-awaited Solana ETF from REX Shares and Osprey Funds is slated to begin trading this Wednesday, marking a notable expansion in crypto-based exchange-traded products.
Bloomberg ETF analyst Eric Balchunas confirmed the launch timeline on social media, signaling that all necessary steps appear complete. “We’re all set for launch,” he said.
The ETF’s approval marks a shift in the SEC’s stance toward unconventional fund structures.
ETF Store president Nate Geraci noted the commission is now more open to the C-Corp model used by REX — a structure that previously raised red flags under Rule 6C-11, which governs ETF operations under the Investment Company Act of 1940.
Geraci suggested the regulatory back-and-forth is now behind them. “It looks like the comment issue has been resolved,” he said, calling the process “accelerated” in recent days.
This launch signals growing regulatory comfort with crypto ETFs beyond Bitcoin and Ethereum, and could set the tone for more altcoin products in the coming months.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/solana-etf-from-rex-and-osprey-set-to-launch-wednesday/