REX-Osprey has changed the structure of its Solana-linked exchange-traded fund to better suit U.S. investors. The fund, which was previously a C-Corporation, is now classified as a regulated investment company (RIC), a change that took effect on September 1.
This new structure eliminates the issue of “double taxation”. Now, any income or gains from the ETF will be passed directly to shareholders, who will pay taxes on their own. This removes the federal and state taxes that the fund itself had to pay, which previously reduced investor returns.
According to REX Financial CEO Greg King, this change brings the Solana ETF in line with the standard structure of most U.S. exchange-traded funds. The fund still provides direct exposure to Solana and the rewards from staking.
Experts believe this streamlined setup will appeal to a wider range of investors, including both individuals and institutions. By making the tax process simpler, REX-Osprey aims to make it easier for these crypto-backed funds to be part of traditional investment portfolios. This move is part of a broader trend where digital asset products are being adapted to meet investor needs for efficiency, clarity, and regulatory familiarity.
September 2025, Cryptoniteuae
