According to @EricBalchunas, the Rex Solana ETF is converting from a C-Corp to a Registered Investment Company (RIC), a move he says should eliminate tax drag and make the fund more competitive versus rival SOL vehicles (source: @EricBalchunas). According to @EricBalchunas citing @JSeyff, all Solana spot ETF issuers have filed third amendments, which Seyffart characterizes as a virtual lock for approval, signaling heightened readiness in the SOL ETF pipeline (source: @EricBalchunas; @JSeyff via @EricBalchunas). According to @EricBalchunas, the structural shift is intended to improve post-tax efficiency and competitive positioning ahead of potential SOL spot ETF launches (source: @EricBalchunas).