Solana (SOL) ETF will be launched on Wednesday (2) — but will it affect the cryptocurrency prices?
Solana (SOL) is about to gain its own and first exchange-traded fund (ETF) in the United States next Wednesday (2). The new product will be launched by Rex Shares and Osprey Funds and is expected to offer direct exposure to the cryptocurrency with on-chain staking rewards. The information comes from Decrypt.
Thus, the Rex-Osprey Solana + Staking ETF, with the code SSK, aims to keep part of the SOL token reserves in staking (that is, a reward mechanism) through a subsidiary in the Cayman Islands.