#REX-OSPREYSolanaETF

The REX-Osprey Solana ETF, set to launch on Wednesday, July 2, 2025, is the first U.S. exchange-traded fund (ETF) to offer direct exposure to Solana (SOL) with staking rewards. Structured as a C-corporation under the Investment Company Act of 1940, it bypasses the lengthy SEC approval process required for traditional ETFs, allowing a swift market entry. The ETF, ticker $SSK, aims to track Solana’s price while generating yield by staking at least 50% of its SOL holdings on-chain, distributing rewards as dividends to investors. This marks a significant milestone as the first U.S. ETF to integrate staking, potentially attracting institutional and retail investors seeking passive income alongside price appreciation.

The launch has driven SOL’s price up, with reports of a 4-7% surge to around $157-$161, though some analysts doubt it will sustain a rally beyond $200 due to limited institutional demand and upcoming token unlocks worth $585 million over the next two months, which could increase selling pressure. Bloomberg analysts estimate a 90-95% chance of SEC approval for other Solana ETFs, suggesting growing regulatory comfort with crypto products. The ETF’s structure may set a precedent for future staking-enabled ETFs, potentially for other cryptocurrencies like Ethereum. Posts on X and various sources confirm the launch date and highlight market excitement, though some note the fund’s tax inefficiency due to double taxation at corporate and investor levels.

For further details on the ETF, check https://x.ai/grok for general information or monitor updates on X for real-time sentiment and news.