📢📢#Solana Staking ETF to Launch Wednesday👨❤️💋👨
The approval may pave the way for the staking of other ETF assets, such as ETH and BTC🚀🚀
📣Solana Staking ETF to Launch Wednesday
The first Solana exchange-traded fund (ETF) in the United States to include staking services is set to commence trading on July 2.
Rex-Osprey CEO Greg King announced the landmark ETF today, boosting SOL by 4.5% to $158, while BTC is down 0.7% today. SOL has been steadily grinding up over the last two weeks, presumably in anticipation of the ETF approval, and is up 18% in the last 14 days✅
👉✍️The news comes on the same day that financial services provider Robinhood announced that users will be able to stake SOL via Robinhood Crypto💥✅.
Despite the significance of the approval, SOL remains 45% below its all-time high of $290, which was set in January on the back of the TRUMP memecoin launch🔥💥
📉🦚Solana liquid staking and MEV protocol Jito also rallied on the news, and is up 5.7% today, and 19% over the last week.
Bloomberg analyst Eric Balchunas reported on June 27 that approval looked likely when he addressed the REX Shares filing and said, “Here’s the SEC saying it has no further comments, so they are good to launch, it looks like. Wow.☘️🦚
📣The approval of staking services with the SOL ETF marks a major milestone for crypto and traditional finance crossover products, potentially opening the door for ETH staking, which BlackRock discussed with the Securities and Exchange Commission in May🚀📢💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥$SOL