REX Financial CEO Picks Solana Over Ethereum: | Solana News
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On Bloomberg’s “ETF IQ” on Monday, REX Financial chief govt Greg King made his most forceful public case but for Solana’s position in real-world finance—particularly for stablecoins—and defined why his firm constructed a 1940 Act, staking-enabled ETF round SOL fairly than ready for a conventional ’33 Act spot product.
Solana Vs. Ethereum
King didn’t hedge when requested to put the Solana-versus-Ethereum debate into plain language for mainstream traders: “Eth is the second biggest crypto. Solana is basically top five. A lot of people think Solana is the up and comer that will overthrow the area. It is a very controversial debate. I’ve probably made friends and enemies even suggesting that now.”
That framing goes to the guts of immediately’s market divide. Ethereum stays the default base layer for on-chain finance and developer tooling; Solana’s pitch is uncooked throughput and low-latency UX for funds, client apps, and—crucially in King’s view—stablecoin settlement at scale. It’s additionally the sensible rationale for REX’s product design: if the chain’s economics are pushed by quantity and staking, package deal each into a regulated fund wrapper that passes yield by way of to shareholders.
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“Solana is basically faster and more designed for high processing speed. Frankly, when I saw the big debate come out about stablecoins being all built on Eth, I was like, this is a huge oversight. I think Solana is the story of the future as far stablecoins go.”
The vehicle implementing that thesis is SSK—the firm’s Solana-forward ETF that stakes SOL and pays a month-to-month distribution. King characterised staking for non-crypto natives as an income stream tied to community security fairly than energy-intensive mining.
“It boils down to, for investors, basically an interest rate on your crypto,” he stated, noting that on Solana it “varies… somewhere between the 6% to 8% annualized range.” In SSK’s design, these rewards will not be trapped inside the fund: “SSK is the first fund to deliver that staking reward through to investors in the US,” he stated, including that the present run-rate distribution is “roughly 5% a year right now,” with the usual caveat that payouts fluctuate.
REX Financial CEO Greg King believes Solana is the story of stablecoin’s future over Ethereum. He speaks with @EricBalchunas on “ETF IQ” https://t.co/aVEoiSkzfo pic.twitter.com/iQx9g4oYJg
— Bloomberg TV (@BloombergTV) August 25, 2025
Solana ETF Spotlight
A second pillar of King’s argument is structural. He drew a shiny line between ’33 Act spot ETPs—long acquainted to crypto traders by way of grantor-trust buildings—and the ’40 Act investment-company wrapper REX selected. The latter, he stated, is “the better wrapper… more investor safeguards, more flexible.”
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In follow, which means an actively managed portfolio that may maintain SOL instantly and by way of listed devices whereas delegating to institutional validators and optimizing for staking seize and liquidity. It additionally means increased all-in prices than a plain-vanilla equity ETF and concentrated publicity to a single crypto-asset’s volatility—trade-offs the firm acknowledges even because it leans into the yield-plus-beta pitch.
The interview additionally touched on the approaching product wave throughout US exchanges. Bloomberg’s Eric Balchunas flagged the queue of ’33 Act spot functions for tokens with established futures markets, whereas co-host Katie Greifeld pressed on timing for a “pure spot Solana ETF.” King was cautious on precise dates however not on direction: “I do think we see a bit of an explosion,” he stated—then instantly drew boundaries round high quality control.
“Crypto gets pretty sketchy below the top 10, certainly below the top 20. I think there is some significant picking and choosing that has to happen by issuers there.” Even amongst majors, he expects “a lot of funds per coin,” with Solana a “great candidate” given its mixture of scale, perceived “underdog” standing within the race with Ethereum, and relatively bigger staking reward.
At press time, SOL traded at $188.
Featured image created with DALL.E, chart from TradingView.com
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