SEC Delays Decision on Rex Shares’ Proposed Solana Staking ETF
The United States Securities and Exchange Commission (SEC) has again postponed its decision on the Solana staking ETF proposal from Rex Shares.
This move shows that the regulator is still cautious in giving the green light to crypto-based investment products, especially those related to the staking mechanism.
Based on information we quoted from Beincrypto media, this delay was announced in an official document published by the SEC on June 28, 2025.
The regulator emphasized the need for additional time to consider the potential risks and impacts that may arise from the launch of the staking ETF product. The final decision is now scheduled for August 9, 2025.
Solana Staking ETF Proposal Overview
Rex Shares has applied to launch a Solana ETF that allows investors to gain exposure to staking returns directly through exchange-traded financial instruments.
This model is different from Bitcoin or Ethereum spot ETFs because in addition to reflecting asset price movements, investors will also receive periodic staking returns.
The Solana staking ETF is designed to provide an alternative for institutional and retail investors who want to benefit from staking without having to store and manage their own crypto assets.
Factors Driving the Delay
In its official announcement, the SEC explained that the request for a delay in the decision was made so that the regulator could:
- Review the operational scheme and governance of staking in more detail.
- Analyze whether the Solana staking ETF complies with investor protection regulations.
- Assess the implications of potential market manipulation and security risks.
The Commission also gave the public an opportunity to submit additional comments before a final decision was made.
The Broader Context of Crypto ETF Approval
This delay comes amid increasing demand for digital asset-based ETF products, especially after the approval of a Bitcoin spot ETF which was a milestone for the crypto industry.
However, staking is still a more sensitive area for regulators because it is considered to have a higher level of complexity and risk.
Some observers believe that the SEC’s stance reflects extra caution considering that staking involves rewards that can be viewed as returns similar to securities.
Crypto Community Reactions
The postponement of this decision has sparked various responses from industry players. Some market players are disappointed because their hopes for accelerated approval of crypto ETF products have been postponed again.
However, some consider this decision reasonable considering that regulatory authorities still need clarity regarding the distribution mechanism for staking results and investor protection.
In addition, several analysts argue that Rex Shares’ steps still deserve appreciation because they are a pioneer in opening up a path for staking ETF products in the United States.
Final Decision Date and Future Prospects
With a final decision deadline of August 9, 2025, market players and investors are now waiting to see whether the SEC will finally grant approval or decide to postpone it further.
The approval of the Solana staking ETF product is predicted to be a positive catalyst for wider crypto adoption, while also paving the way for similar instruments in the future.
However, if rejected, this could strengthen the signal that regulators are not yet fully ready to recognize staking-based financial products as viable investment instruments.
