The very first Crypto ETF for employment in the United States will begin to negotiate this Wednesday, according to Rex Actions. The product will offer investors an exhibition in Solana (Sol) while earning commissioning awards on the channel – an industry first for a negotiated stock market.
The Solana price jumped almost 4% within the hour of the announcement, signaling a strong market interest. The FNB is expected to list under the SSK TICKER.
Major Greenlight for FNB Solana in the United States
This ETF combines an exposure to the point in Solana with the additional advantage of the implementation of the yield. Investors will hold actions that will reflect both the soil price and the awards generated by chain stall activities.
Meanwhile, this makes it the first ETF in the United States to distribute native income to shareholders.
Unlike traditional FNBs requiring long dry approval by virtue of exchange rules, the Rex-Osprey product uses a single regulatory structure.
It is recorded under the 1940 investment companies Act and operates through a company C, which allows it to launch without a 19B-4 deposit.
In addition, this structure avoids direct engagement with the dry on the application problems linked to the implementation, which have organized several pending ETF applications.
In particular, Rex actions previously received an informal confirmation from the SEC that there were no current comments on its file.
The ETF will be available for American investors and will offer 24/5 liquidity, commission without commission (via certain platforms) and a transparent award distribution.
Unlike the programs for putting on the exchange of crypto, investors retain full exposure thanks to a regulated financial instrument.
This marks an important step for the management of cryptographic assets in the United States. He demonstrates that the yield based on the development can coexist with regulated ETF frames – something before considered as a gray area by regulators.
He also exerted pressure on candidates Solana ETF pending like Vaneck and 21Shares. Their deposits, based on the trust structures of basic products in standard exchange, remain under examination of the dry and do not yet include the implementation components.
Thus, the Rex-Osprey product can serve as a regulatory bypass model for others.
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