Rex Shares Solana Staking ETF to Switch from C-Corporation to Registered Investment Company Structure

Suehyeon Lee

Summary

Rex Shares and Osprey's Solana staking ETF are said to be changing their structure.
The ETF will change from an existing C-corporation to a registered investment company.
The move is said to be a strategy to reduce tax burden and secure competitiveness in the Solana spot ETF competition.

Rex Shares and Osprey's Solana (SOL) staking exchange-traded fund (ETF) appear to be switching structures to try to strengthen competitiveness.

On the 30th (local time), Eric Balchunas, a Bloomberg analyst, said via X, "Rex-Osprey's Solana staking ETF will convert from the existing C-corporation structure to the form of a registered investment company (Registered Investment Company·Inv Co)."

This move is interpreted as a strategy to reduce tax burden and secure competitiveness in the upcoming Solana spot ETF competition.

SOL