๐ Big News for Crypto! ๐
Crypto analyst Simeon Koch called the SECโs green light for Solana Spot ETFs a historic milestone for the altcoin space! ๐๐
๐ Solana ETF with Staking Rewards?! ๐ฐ
Solana (SOL) has officially become the third cryptocurrency to receive spot ETF approval in the U.S. ๐บ๐ธ โ right after Bitcoin ๐ and Ethereum โ๏ธ. But thereโs a twist: this ETF also includes staking rewards! ๐ฏ
The REX-Osprey Solana and Staking ETF gives investors access not just to SOL price action ๐, but also to passive income via on-chain staking ๐๐ธ. No need for exchanges or complicated wallets โ investors can now earn staking rewards directly through traditional brokers ๐ฆโจ.
๐ฏ Launch Date: July 2, 2025
๐ Structure: C-Corporation โ allowing smooth distribution of staking rewards while staying tax-compliant โ ๐
This model is a game-changer ๐งฉ, making it easier to blend DeFi rewards with TradFi systems โ without triggering red flags from regulators ๐ฆ.
๐ฎ What About Ethereum and Other Alts?
According to Koch, this could open doors for Ethereum ETFs with staking in the future ๐. But ETHโs staking comes with longer lockup times and more technical risk โ ๏ธ, which is why current ETH ETFs donโt offer staking โ yet. Still, the C-Corp format used for Solana could be the blueprint ๐๏ธ.
Other altcoins like Avalanche (AVAX) and Litecoin (LTC) might be next in line ๐งพ๐ฅ.
๐ Market Reaction... for Now
Despite the big news, the market stayed pretty calm ๐ด โ with Solana and other alts dipping during the usual low-volume summer lull ๐๐. Bitcoin is still holding strong near ATHs ๐๏ธ, but alts are waiting for their moment.
Koch believes this is just the calm before the storm โ๏ธ. He notes that after Bitcoin and Ethereum ETF approvals, price action picked up with a delay โณ โ and now, Ethereum even outperformed Bitcoin last quarter:
๐ ETH +36% vs BTC +30%!