Bloomberg Analyst Announced with "Big News" Label for Ethereum and Solana: "It Could Come in the Next Few Weeks"

Bloomberg ETF analyst James Seyffart announced an important development for the crypto market.

Seyffart announced in a post on his social media account that the asset management company REXShares has submitted a valid prospectus for staking-based exchange-traded funds (ETF) for Solana (SOL) and Ethereum (ETH).

Seyffart stated the following in his statement:

"REXShares has submitted a valid proposal document for the trading of Solana and Ethereum staking ETFs in the US. The launch date is not yet known, but it could be in the coming weeks. These funds are 40-act funds with a unique structure and will not go through the 19b-4 process."

"40-act", that is, the Investment Company Act of 1940 regulated funds under (Investment Company Act of 1940). This law regulates investment funds and their relationships with investors in detail.

These ETFs operate under another framework approved by the SEC, specifically under the ( Law ). They do not need to go through a separate process for trading permission like 19b-4.

*This is not investment advice.

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