#REX-OSPREYSolanaETF El REX-OSPREY Solana + Staking ETF will debut on July 2, 2025, as the first exchange-traded fund in the United States that offers direct exposure to Solana along with staking rewards. This product represents a significant advancement by combining passive income with regulated access to crypto assets, in a format designed to attract both institutional and retail investors.

Unlike traditional ETFs, this fund is not structured as a spot ETF under the Securities Act of 1933. Instead, it operates under the Investment Company Act of 1940 and is constituted as a C corporation. This structure allows for the distribution of income generated by staking Solana directly to shareholders, without the need to go through the more restrictive regulatory processes that have hindered other similar products.

The fund will hold its assets through a subsidiary in the Cayman Islands and plans to stake at least 50% of its SOL holdings. This not only generates additional yield but also positions the ETF as an attractive alternative to products that only replicate the asset's price.

The launch comes at a key moment, with multiple applications for spot Solana ETFs still pending approval. This product could serve as a model for future funds seeking to integrate staking mechanisms without facing the same regulatory hurdles. Additionally, it reinforces the narrative that digital assets can be effectively integrated into traditional financial structures, paving the way for a new generation of hybrid products.