🚀 SEC Nears Approval for FIRST Staked Solana ETF! 🌟

Breaking: REX Shares’ staked Solana $SOL ETF ($SSK) cleared a critical SEC hurdle after regulators returned filings with no further comments – signaling imminent launch.

Why It Matters:

✅ Dual Returns: Tracks $SOL price + earns staking rewards (a US ETF first!).

✅ Regulatory Shift: Confirms SEC’s May stance that compliant staking ≠ securities.

✅ Institutional Gateway: Opens crypto yield to Wall Street.

Key Facts:

- Ticker: $SSK

- Mechanism: Auto-stakes fund assets on-chain

- Status: Formal approval pending (SEC greenlight expected soon)

Impact:

🔥 SOL ecosystem growth

💡 Rivals rush to add staking to ETH/Solana ETFs

🌐 Validates PoS chains (Cardano $ADA , Avalanche next?)

> *"Crypto ETF summer commences!"

> – Nate Geraci, ETF Store

#Solana #ETF #Staking #CryptoNews #BinanceSquare #sol