REX Shares to Launch First U.S. Solana Staking ETF

REX Shares has announced the upcoming launch of the "REX-Osprey SOL+Staking ETF", a groundbreaking fund designed to track Solana’s performance while generating yield through on-chain staking. If approved, this would mark the first U.S. cryptocurrency staking ETF, offering investors exposure to SOL’s price movements plus passive staking rewards.

Key Details:

SEC Approval Pending: While the SEC has not yet officially commented, Bloomberg ETF analyst Eric Balchunas noted that the regulator appears ready for launch.

Expanding Crypto ETF Offerings: REX Shares and Osprey Funds previously filed for Ethereum and Solana staking ETFs, signaling growing institutional interest in crypto yield products.

Market Implications: A successful launch could pave the way for more staking-based ETFs, further bridging traditional finance and blockchain.

This development highlights the increasing demand for regulated crypto investment vehicles, potentially accelerating mainstream adoption of staking mechanisms.