REX Shares and Osprey Funds have submitted an application to the U.S. SEC to launch Ethereum and Solana staking ETFs.

BlockBeats News, May 31st, according to The Block, REX Shares and Osprey Funds have filed an application with the U.S. Securities and Exchange Commission (SEC) to launch Ethereum and Solana staking ETFs. The new ETH and SOL funds will have "at least 80% of net assets invested in their respective benchmark assets," namely ETH and SOL. Each fund will also allocate "at least 50% of holdings" to these cryptocurrencies. These funds will operate as a "regular C corporation" to address U.S. federal income taxes, rather than operating as a "regulated investment company" like spot Bitcoin and Ethereum ETFs.