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Rexshares Files For Solana &Amp; Ethereum Staking Etfs In Us
Crypto Trends

REXShares Files for Solana & Ethereum Staking ETFs in US

by admin May 30, 2025



REXShares has just taken a big step in the crypto world by filing a prospectus for new staking ETFs based on Solana (SOL) and Ethereum (ETH) that will be available in the US. While the exact launch date isn’t out yet, experts think these funds could start trading in the coming weeks.

Source: X

James Seyffart, a Bloomberg ETF analyst, shared this news on social media and confirmed the details about REXShares’ filing. He said:

“REXShares just filed an effective prospectus for Solana and Ethereum staking ETFs to list here in the US. Don’t know launch date but could be within the next few weeks. These are 40-act funds with a unique structure and do not go through the 19b-4 process.”

ETF expert Eric Balchunas also weighed in on the filing, noting that these could be the first-ever staked Ethereum and Solana ETFs to launch in the US. He pointed out that since the REXShares filing has already gone effective, a launch is likely just around the corner.

First-ever staked Ether and Solana ETFs could be launching soon. REX filing went effective (meaning launch likely in near-term). Would also be first-ever spot Solana too (only futures exist curr). This is the benefit of using 40 Act, it’s faster track to mkt but more work/boxes… https://t.co/GzSUbtLkq7

— Eric Balchunas (@EricBalchunas) May 30, 2025

Balchunas added that this would also mark the debut of the first spot Solana ETF—until now, only futures-based products have existed. He explained that using the 40 Act gives issuers a quicker path to market, although it requires meeting more regulatory requirements compared to the traditional 33 Act route. “Interesting,” he added, highlighting the significance of this move.

These ETFs will operate under the Investment Company Act of 1940, or the “40-Act,” which is a set of rules that carefully regulate investment funds and how they work with investors.

The big difference with these new ETFs is that they don’t have to wait for the usual, slow SEC approval process called “19b-4.” Instead, they use the 40-act rules, which are already SEC-approved. That means getting these funds to market can happen faster and smoothly.

This is a pretty big deal for crypto ETFs in the US. Soon, investors will have new, regulated ways to earn staking rewards from Solana and Ethereum, giving them more solid options to put their money into crypto.

Also Read: CRO Price Surges as Canary Files for Staked Cronos ETF





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May 30, 2025 0 comments
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dOGECOIN
GameFi Guides

21Shares Files Amended S-1 For Dogecoin ETF Bid

by admin May 30, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Asset manager 21Shares has filed an amendment for its Dogecoin ETFs, which it filed last month. This development comes just weeks after the US Securities and Exchange Commission (SEC) acknowledged the filing, which kickstarted the review process. 

21Shares Files Amended Dogecoin ETF Application

A SEC filing shows that 21Shares has amended its application to offer a Dogecoin ETF. The asset manager had initially filed the S-1 form for this fund on April 9, a move that showed its intention to offer institutional investors direct exposure to the top meme coin. Meanwhile, Nasdaq had filed the 19b-4 form to list and trade shares of this ETF, which officially began the approval process. 

In an X post, Bloomberg analyst Eric Balchunas noted that the amended filing makes things more interesting, as these amendments typically follow comments made by the SEC. As such, it suggests that the Commission is in communication with the asset manager, a development which provides optimism about an approval at some point. 

It is worth mentioning that the SEC recently delayed its decision on Grayscale’s Dogecoin ETF application while seeking more comments and rebuttals on the filing. The next deadline for the Commission to decide on this application is August 19. The fourth and final deadline is on October 18. 

Bitwise has also filed to offer a Dogecoin ETF, but the SEC delayed its decision on this filing following the first deadline, which came up on the first of this month. The next deadline for this filing is June 15, when the Commission is also likely to delay the application. 

The third and fourth deadlines are on September 13 and November 12, respectively. Bloomberg analyst James Seyffart predicts that approval is unlikely to come until the early part of the fourth quarter. 

Odds Of An Approval This Year

Polymarket data shows that there is a 69% chance of the SEC approving a Dogecoin ETF by December 31. Meanwhile, there is only a 15% chance that an approval will come by July 31. Bloomberg analysts Seyffart and Balchunas have also weighed in on the odds of an approval for a DOGE ETF this year. 

Balchunas shared a chart that showed there is an 80% chance that a Dogecoin ETF could be approved this year. They reached these odds based on the assumption that the SEC views DOGE as a commodity, as well as the fact that there is a regulated futures market for the meme coin. A futures market increases the chances of an approval since the court ruled in the Grayscale case that the spot and futures markets are similar. 

Source: Chart from Polymarket

At the time of writing, the Dogecoin price is trading at around $0.20, down over 9% in the last 24 hours, according to data from CoinMarketCap.

DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 30, 2025 0 comments
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Crypto Trends

SOL Strategies Files $1B Shelf Prospectus to Boost Solana Investment ‘Flexibility’

by admin May 29, 2025



In brief

  • SOL Strategies filed a $1 billion preliminary base shelf prospectus to expand its capital-raising options.
  • The filing gives the company flexibility to issue various securities over time, including shares and debt.
  • No immediate offerings are planned, but the move positions SOL Strategies to act quickly on Solana-related opportunities.

SOL Strategies, a Canadian public company focused on the Solana blockchain, has filed a $1 billion preliminary short-form base shelf prospectus as it doubles down on its investments in the world’s sixth-largest crypto.

The company said the move aims to provide it with increased “financial flexibility” to capitalize on emerging opportunities within the Solana ecosystem, according to a filing on Tuesday.

In other words, the move will allow SOL Strategies to prepare for potential capital raises, allowing it to move quickly on investment opportunities in the Solana ecosystem without delay due to additional regulatory approvals.

The document was submitted to securities regulators in all Canadian provinces and territories, and once finalized, will permit the company to make offerings of a variety of instruments, including common shares, debt securities, warrants, and subscription receipts.

“The filing of a base shelf prospectus supports our growth strategy by providing us with the flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem,” Leah Wald, CEO of SOL Strategies, wrote in a statement. 

The company also stated that it has no current plans to issue securities under the prospectus and may ultimately decide not to do so.

“This strategic move enhances our ability to act decisively when compelling investment opportunities present themselves,” Wald added.

SOL Strategies, formerly known as Cypherpunk Holdings, specializes in investing in and providing infrastructure for the Solana blockchain. 

Traded on the Canadian Securities Exchange under the ticker HODL, the company aims to fuel the development of decentralized applications and services that leverage Solana’s high-speed, low-cost network.

The company said there are currently no immediate plans to issue securities under the new shelf prospectus, but it allows SOL Strategies to respond swiftly should investment opportunities arise.

The move follows SOL Strategies’ April announcement that it had secured a $500 million convertible note to fund additional Solana purchases.

Solana remains one of the top digital assets, with a valuation of roughly $89.8 billion. The asset is trading down slightly on the day to $172.29, CoinGecko data shows.

Edited by Sebastian Sinclair

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May 29, 2025 0 comments
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NFT Gaming

Crypto rally stalls, BTC Vegas today, Circle files for IPO

by admin May 27, 2025



Crypto rally stalls, BTC Vegas today, Circle files for IPO

Crypto rally stalls, BTC Vegas today, CIRCLE files for IPO
FOMO HOUR EP365

BTC rally stalls under $110k on profit taking. BTC options OI hits new record. Hyperliquid whale loses $67m in 5 days. SOL co-founder sees KYC details doxxed. Trump Media denies plan to buy $3bn of crypto. Bitcoin Vegas begins today. Strategy acquires $427m BTC. Blockchain Group issues EUR63m bond to buy BTC. Onchain proof-of-reserves a bad idea: Saylor. Florida could end cap gains tax on crypto, stocks. SUI to allocate $10m for security. Circle files for IPO, denies sale talks. SBF’s sentence to be reduced by 4+ years. Tom Brady invests in Catena Labs. Alpaca Finance to wind down. Meteora now top fee-generating dApp on SOL. Bitlayer collabs with major mining pools on BitVM. Thailand to integrate crypto payments for services.

FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

JOIN YEET = https://yeet.com/register?aff=fomohour
PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL
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Tweets by fomohour
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Hosts:
Tweets by farokh
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Tweets by Tyler_Did_It

Myriad:
https://myriad.markets
https://x.com/MyriadMarkets

#bitcoin #crypto #podcast





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May 27, 2025 0 comments
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GameFi Guides

Stablecoin Giant Circle Files IPO on NYSE at $6.7 Billion Valuation

by admin May 27, 2025



In brief

  • Stablecoin giant Circle plans to go public via the NYSE, targeting a $6.7 billion valuation.
  • The USDC issuer seeks to raise up to $624 million by offering 24 million shares priced between $24 and $26 apiece.

Stablecoin issuer Circle is hoping to raise as much as $624 million for its much anticipated initial public offering. 

The crypto giant—which is behind USD Coin (USDC), the seventh-biggest digital asset in existence—filed paperwork with the Securities and Exchange Commission Tuesday saying it would offer 24 million shares for $24 to $26 each. The firm is targeting a $6.7 billion fully diluted valuation.

Circle filed an S-1 form last month announcing its plans to go public—the latest company making moves to bring the fast-moving and sometimes convoluted world of crypto to the mainstream. 



And it has big backers: Cathie Wood’s ARK Investment said it has interest in buying up to $150 million of shares in the IPO, the filing says.

Circle is expected to trade on the New York Stock Exchange under the ticker CRCL.

Circle’s crypto product, USDC, is one of the most important digital assets out there: Traders use stablecoins to enter and exit transactions; the digital tokens are considered the backbone of the crypto economy.

A total of $6.8 billion worth of USDC tokens have traded hands in the past day, CoinGecko data shows, making it the fourth-largest cryptocurrency in terms of volume. USDC’s market cap is currently valued at $61.5 billion.

USDC was launched by Circle and America’s biggest crypto exchange Coinbase in 2018 via the Centre Consortium. Coinbase, which went public in 2021, took an equity stake in Circle in August 2023 amid the dissolution of the consortium.

Circle tried to go public in 2022 via a SPAC, but scrapped the plans. Last year, rumors circulated that the firm would try again.

Amid IPO plans, Circle has reported been the target of acquisition attempts. In April, Bloomberg reported that crypto payments giant Ripple made a $4-5 billion offer for Circle, but was rebuffed due to the offer being too low.

Edited by Andrew Hayward

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May 27, 2025 0 comments
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Crypto Trends

Screen Actors Guild Files Charges Against Epic Games Subsidiary Over AI Darth Vader

by admin May 20, 2025



In brief

  • The U.S. Screen Actors Guild has urged the U.S. National Labor Relations Board to act after Epic replaced Fortnite voice actors with AI without bargaining.
  • The charge come days after an AI Darth Vader was at the center of controversy over racial slurs and profanity in Fortnite.
  • The complaint highlights the guild’s ongoing battle over AI in the entertainment industry.

The Screen Actors Guild–American Federation of Television and Radio Artists, or SAG-AFTRA, filed a labor complaint against Llama Productions, a subsidiary of Epic Games, on Monday.

The complaint accuses the company of replacing voice actors with artificial intelligence without union consent.

The move follows public backlash last week over an AI-generated Darth Vader character in the popular video game Fortnite that used racial slurs and offensive language.

SAG-AFTRA alleges Llama Productions used AI to create the Darth Vader character in Fortnite’s crossover event, “Galactic Battles.” They did so without notifying or negotiating with the union, violating labor agreements, the complaint alleges.

“We became aware when the press release hit the wires,” a SAG-AFTRA spokesperson told Decrypt.

A labor relations board charge, also known as an unfair labor practice charge, is a complaint that claims an employer or union has violated labor relations law. SAG-AFTRA maintains that its involvement is essential in any decision to replace human work with AI.

“This charge concerns the union’s critical role in negotiating terms concerning the replacement of bargaining unit work with AI technology,” the spokesperson said. “We are very supportive of AI tools to enhance the audience experience, but employers cannot implement these types of uses without coming to the union first and bargaining terms.”

According to the SAG-AFTRA spokesperson, the union did not approach Epic Games before filing the charges, and the Fortnite developer has not yet responded. Epic Games did not immediately respond to Decrypt’s request for comment.

The union is asking the NLRB to issue a formal complaint, citing Llama Productions’ alleged failure to bargain in good faith.

“Within the past six months, the Employer, by its agents and representatives, failed and refused to bargain in good faith with the union by making unilateral changes to terms and conditions of employment, without providing notice to the union or the opportunity to bargain, by utilizing AI-generated voices to replace bargaining unit work on the interactive program Fortnite,” the attorneys for SAG-AFTRA wrote.

If a violation is found, Llama Productions could be required to reinstate affected employees and provide back pay. The board may also order the company to post notices informing workers of their rights and the case outcome. The agency does not impose fines or punitive penalties.

The complaint comes amid broader action by SAG-AFTRA voice actors, who have been on strike since July 2024. AI use in game development is emerging as a key point of contention.

It is unclear how the SAG-AFTRA complaint will affect productions that use the licensed voices of actors who have already passed away.

Before he died in 2024, iconic actor James Earl Jones, who voiced Darth Vader, licensed his voice to Lucasfilm. The agreement allows the creator of Star Wars to use Jones’ voice in future projects.

Other actors whose estates have licensed their voices to AI developers include Judy Garland, Jimmy Stewart, James Dean, and Grateful Dead frontman Jerry Garcia.

While the guild said it celebrates the rights of its members and their estates to control the use of their “digital replicas,” it added that rights to bargaining terms must be “protected,” including those who previously worked on “matching Darth Vader’s iconic rhythm and tone in video games.”

Edited by Sebastian Sinclair

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May 20, 2025 0 comments
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SAG-AFTRA files an unfair labor practice for AI Darth Vader in Fortnite
Esports

SAG-AFTRA files an unfair labor practice for AI Darth Vader in Fortnite

by admin May 19, 2025


SAG-AFTRA – the union that represents 160,000 actors, voiceover artists, and other media professionals – has filed an unfair labor practice charge with the National Labor Relations Board against Llama Productions and Epic Games for using AI to portray Darth Vader in Fortnite.

SAG-AFTRA said it celebrated the rights of artists – such as James Earl Jones’ estate – to use digital replicas, but said Epic Games did so “without providing any notice of their intent to do this and without bargaining with us over appropriate terms.”

“We celebrate the right of our members and their estates to control the use of their digital replicas and welcome the use of new technologies to allow new generations to share in the enjoyment of those legacies and renowned roles,” the organization said.

“However, we must protect our right to bargain terms and conditions around uses of voice that replace the work of our members, including those who previously did the work of matching Darth Vader’s iconic rhythm and tone in video games.

“Fortnite’s signatory company, Llama Productions, chose to replace the work of human performers with A.I. technology,” the statement added. “Unfortunately, they did so without providing any notice of their intent to do this and without bargaining with us over appropriate terms. As such, we have filed an unfair labor practice charge with the NLRB against Llama Productions.”

The filing itself says: “Within the past six months, [Epic Games], by its agents and representatives, failed and refused to bargain in good faith with the union by making unilateral changes to terms and conditions of employment, without providing notice to the union or the opportunity to bargain, by utilizing AI-generated voices to replace bargaining unit work on the Interactive Program Fortnite.”

GamesIndustry.biz has reached out to Epic Games for comment.

SAG-AFTRA voted to strike at the end of July after it failed to reach an agreement with the convenience bargaining group over rights and protection concerns raised by the industry’s exploration of AI technologies.

SAG-AFTRA issued an update about the strike in March, saying it remained “frustratingly far apart” from video game studios and publishers. It came after two Zenless Zone Zero voice actors claimed they had been replaced for participating in the SAG-AFTRA strikes.

Since then, the union has issued two new agreements to permit members to work with students and game jams. Last week, it responded to the “video game employers’ April 30 offer “with a comprehensive AI proposal” detailing “in plain language what the proposed changes would mean for performers.”



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May 19, 2025 0 comments
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SAG-AFTRA Files Unfair Labor Practice Complaint Against Epic Games Due To A.I. Darth Vader
Game Updates

SAG-AFTRA Files Unfair Labor Practice Complaint Against Epic Games Due To A.I. Darth Vader

by admin May 19, 2025


Last week, Epic Games added a Darth Vader NPC to its battle royale game, Fortnite, as an AI-voiced character. Trained on the voice of James Earl Jones, who is the voice of Vader in the Star Wars movies and elsewhere, it didn’t take long for players to get this NPC Vader to say curse words and slurs, as reported by PC Gamer. Now, three days later, SAG-AFTRA has filed an unfair labor practice complaint with the National Labor Relations Board against Epic-owned signatory company, Llama Productions.

However, it’s not because Fortnite is using AI to give Vader a voice per se. According to the complaint filed today, SAG-AFTRA claims Epic replaced bargained union voice work with this AI without notice, thereby breaking terms and conditions supposedly agreed on by both SAG-AFTRA and Epic.

“Within the past six months, the Employer, by its agents and representatives, failed and refused to bargain in good faith with the union by making unilateral changes to terms and conditions of employment, without providing notice to the union or the opportunity to bargain, by utilizing AI-generated voices to replace bargaining unit work on the Interactive Program Fortnite,” the complaint against Llama Productions reads.

Disney

In a statement released following this filing, SAG-AFTRA says, “We celebrate the right of our members and their estates to control the use of their digital replicas and welcome the use of new technologies to allow new generations to share in the enjoyment of these legacies and renowned roles. However, we must protect our right to bargain terms and conditions around uses of voice that replace the work of our members, including those who previously did the work of matching Darth Vader’s iconic rhythm and tone in video games.”

The company says Llama Productions chose to replace human performers’ work with AI technology but did so “without providing any notice of their intent to do this and without bargaining with us over appropriate terms.” As such, SAG-AFTRA has filed an unfair labor practice complaint against the company with the NLRB.

Jones’ family is aware that an AI voice trained on him was added to Fortnite, as they released a statement confirming they collaborated with Epic to make this happen. They write, “James Earl felt that the voice of Darth Vader was inseparable from the story of Star Wars, and he always wanted fans of all ages to continue to experience it. We hope that this collaboration with Fortnite will allow both longtime fans of Darth Vader and newer generations to share in the excitement of this iconic character.”

Game Informer contacted Epic Games for comment and will update this story if it hears back.  



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May 19, 2025 0 comments
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