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The first Solana staking ETF (exchange-traded fund) that will track the price of SOL and deliver staking yields to investors will begin trading on July 3, according to REX Shares. “Coming Wednesday: The First-Ever Staked Crypto ETF in the U.S.!” the firm said in a June 30 X post. SEC Has No Further Comments On REX Shares Solana Staking ETF The X post by REX Shares comes after the US Securities and Exchange Commission (SEC) informed the firm that it had “no further comments” on the Solana staking ETF filing jointly submitted by REX Shares and Osprey Funds.  The product, which is officially titled the REX-Osprey Solana and Staking ETF, would be the first US ETF to offer investors SOL exposure alongside staking rewards.  That is made possible through the ETF’s structure under the Investment Company Act of 1940 using a C-corporation format that allows staking income to flow directly to investors without triggering any regulatory red flags arou...

Warrants are out for the arrest of the co-founders of KuCoin with the multi-count criminal indictment providing a spectacular bookend to the story of the world’s once-fourth largest crypto exchange. But where did it all go wrong and how did KuCoin even start in the first place? The story of KuCoin starts not at its September 2017 founding or its 50% pre-mined ICO, but where everyone knew it would end: the US Attorney’s office in the Southern District of New York. Despite KuCoin’s repeated claims that it never served nor advertised to US residents, like all similar claims by numerous large crypto exchanges, that was a lie. Indeed, KuCoin has always served US customers, which would be fine if it had followed US laws. Unfortunately, it didn’t. According to the chief federal law enforcement officer of the world’s largest financial center, KuCoin’s expansive operations can be easily summarized in one sentence. KuCoin was “a multibillion-dollar criminal conspiracy .” ‘A multi...