The first funds quoted in the Stock Exchange (ETF) of Ethereum and Solana Strike could debut in the United States in a matter of weeks, after a recent filling by the ETF REX provider that used “regulatory solutions, to ETF analysts.
The strike component has been highly anticipated for Spot Ether (ETH) ETF since its launch in July 2024, and some industry executives argue that the product feels incomplete without it.
Rex shares presentations have a “unique structure”
“These ETFs are structured as C-Corps. Which is very strange in the world of ETF,” said ETF analyst James Seyffart on the presentation of Rex shares in a May 30 x post.
“I don’t know the release date, but it could be in the coming weeks.”
Rex actions explained in the filling that the fund “is classified as a C Corporation for fiscal purposes and, as such, will incur current and deferred tax expenses.
“These current or deferred tax liabilities, if any, will be reflected in the value of net assets of the fund,” he added.
Seyffart explained that Rex’s actions propose Solana (Sun) and ETF of Ether Strike “are funds of 40 acts with a unique structure and do not pass through the 19B-4 process.”
It occurs after the SEC delayed its decision on Bitwise’s request to add strike to your ETF Ether on May 21. At that time, Seyffart said the delay was expected because the SC “usually takes full time to respond to a 19B-4 presentation.”
The two launches of Crypto ETF “are imminent”
Seyffart said the funds will obtain exposure to Ether and Solana “through Cayman’s subsidiaries.”
“All this, assuming that they are launched in the near future, is a lot of intelligent legal and regulatory solutions to bring these products to the market,” said Seyffart.
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“There are pros and cons of the structure, but it seems that a professional is that this was a way to obtain some sign of the SEC,” said Seyffart.
Echoing a similar feeling, the president of the ETF store, Nate Geraci, said Rex shares tok “the regulatory end.”
“It seems that two cryptographic ETF launches are imminent,” said Geraci, explaining that both ETF seeks to bet “at least 50%” of Solana and Ether.
It has a long characteristic of ancient in the industry. On March 20, Blackrock digital assets, Robbie Mitchnick, described the company’s ETF ETF as a “tremendous success” but recognized a key limitation. Mitchnick said the ETF is “less perfect” without pile.
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