#REX-OSPREYSolanaETF Solana ($SOL ) price is up nearly 5% on Monday morning, fueled by rumors that Rex Shares and Osprey Funds are planning to launch a Solana staking exchange-traded fund (ETF) soon.

The ETF is expected to hit the market on Wednesday. An Osprey spokesperson confirmed to CoinDesk that the fund will launch on Wednesday, following a post by the automated headline account “Unfolded.”

Rex sent a letter to the Securities and Exchange Commission (SEC) last week to see if any concerns about their filing had been addressed.

The same day, the asset manager announced on X that the ETF was “coming soon,” indicating that the SEC had not raised any further concerns.

The REX-Osprey$SOL SOL+Staking ETF will be the first of its kind in the U.S.

Several other issuers are still awaiting approval for a spot SOL ETF, which could potentially be a staking ETF. will also include features,

The SOL token fell slightly after the price increase but is now trading at $157, up about 2.3% in the last 24 hours,

The development has increased interest among users and investors as the arrival of an ETF with staking facility could increase Solana’s popularity and make it a more stable investment vehicle,