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REX-Osprey restructures the Solana ETF fund to fall double taxation
REX-Osprey has restructured the ETF fund linked to Solana to increase its appeal to American investors. From September 1, the fund transitioned from the C Corporation model (C-Corporation) to a managed investment company (RIC). This change allows income and profits to flow directly to shareholders, eliminating the "double taxation" issue that previously reduced profits.
CEO of REX Financial, Greg King, stated that the conversion of the Solana ETF to align with the structure of most ETFs in America, while still maintaining direct exposure to Solana and staking rewards.
According to analysts, tax simplification will make the product more accessible to both individual and institutional investors, especially those who want to benefit from Solana without needing to hold it directly. This move also reflects the trend of digital asset funds adapting to meet the demands for transparency, efficiency, and regulatory compliance.