📢 The SOL ETF Just Launched — But It’s Not a “Real” ETF (Yet)

#Solana #ETF #REXOsprey #staking #crypto #institutions

A new Solana-based fund with staking, launched today by REX-Osprey, is making waves — but let’s clarify: this isn’t a traditional SEC-approved ETF like those from BlackRock or Fidelity.

📌 So, what is it exactly?
This fund uses a C-Corp structure — not a 1940 Act-compliant Investment Company ETF.

✔️ What the C-Corp model allows:
• Fewer SEC restrictions
• Participation in SOL staking
• Staking rewards can be reinvested or distributed to shareholders

✖️ Key limitations:
• Double taxation — both the fund and investors pay taxes
• Not widely supported by brokers or retirement plans
• Not an SEC-approved ETF — more of a regulatory workaround than full institutional endorsement

📊 Who are REX-Osprey?
• REX Shares: ETF provider with $8B AUM
• Osprey Funds: known for BTC, ETH, and ALGO trusts (~$250M)