The first ETF ETF ETF ETFS Ethereum and Solana could debut in the United States, after the recent submission by the shares of the ETF Rex supplier, which used “regulatory bypasses”, say ETF analysts.
The component of the rate was very expected for ETF for Ether Spot (ETH) since their premiere in July 2024, and some industry directors argue that the product seems incomplete without it.
Rex sharing entries have a “unique structure”
“These ETFs are structured as Corps C., which is very rare in the ETF world”, analyst ETF James Seyffart he said from the Rex shares in the post of May 30.
“Do not find the release date, but this may happen in the next few weeks.”
Rex shares explained in the submitting that the fund “is classified as corporation for tax purposes, and as such will be borne by current and deferred tax costs.
“Such current or deferred tax liabilities, if such exist, will be reflected in the value of the fund’s net assets,” he added.
Seyffart explained that REX shares proposed ETF Solana (SOL) and Ether “are 40-lives with a unique structure and do not undergo 19b-4” process.
Appears after SEC delayed the decision regarding Bitwa’s application to add stacking to ETF Ether on May 21. At that time, Seyffart said that the delay was expected because SEC “usually takes full time to respond to the 19b-4 report.
Two ETF Crypto ETF “are inevitable”
Seyffart said that the funds would gain exposure to Ether and Solana “via Kajman subsidiaries”.
“All this, assuming that they are starting in the near future, are a lot of clever legal and regulatory circumferences to introduce these products to the market,” said Seyffart.
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“There are advantages and disadvantages for the structure, but it seems that one professional is that it was one of the ways to obtain a certain level of SEC,” said Seyffart.
They will repeat a similar sentiment, president of the ETF NATE GRACI store he said Rex Actions took “final regulatory”.
“It seems that two premieres of cryptographic ETFs are inevitable,” said Geeci, explaining that both ETFs are trying to put “at least 50%” of Solana and Ether.
This is a long -awaited function of many in the industry. On March 20, the head of Blackrock digital assets, Robbie Mitchnick, described the company ETF as a “huge success”, but recognized the key limitation. Mitchnick said that ETF is “less perfect” without stacking.
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