🇺🇸🚀 First U.S. Solana $SOL Staking ETF Launches July 2! (Ticker: SSK)
REX Shares debuts the REX-Osprey Solana ETF (SSK) on July 2 📅 – the first U.S. ETF offering SOL price exposure + staking rewards 🔁💰.
Key Details:
✅ Structure: 40% allocated to non-U.S. Solana ETPs (meets SEC rules) 🔒
✅ Market Impact: $SOL surged 5.3% to $158 post-news (now consolidating at $153) 📈➖
✅ Trend: Joins "crypto ETF summer" wave ☀️
Why It Matters:
1️⃣ Institutional Access: Opens staking yields to traditional investors 🔓
2️⃣ Regulatory Blueprint: Shows evolving crypto frameworks 📜➡️🔵
3️⃣ $SOL Recovery: +7% weekly despite -50% below Q1 highs ⚖️
> 🤝 "Marriage between public markets & crypto"
Price Watch: Key support at $150 🚨
Track SSK's July 2 launch & spot SOL ETF filings.