REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards.
It will launch on 2nd July, allowing investors to hold Solana $SOL and earn yield through staking rewards .
As the name suggests, the REX-Osprey fund will give investors direct exposure to spot SOL along with staking income, potentially paving the way for broader institutional adoption of crypto. The launch follows REX’s updated prospectus and positive feedback from the US Securities and Exchange Commission (#SEC ) regarding its unique C-Corp business structure — an arrangement the regulator had previously argued conflicted with the so-called ETF rule.
Despite the news, SOL remains 46% below its all-time high from January, according to CoinGecko data. Solana has also gained momentum in the decentralized exchange (DEX) market, with its DEX volumes recently surpassing those of Ethereum. Raydium, Pump.fun and Orca have been major contributors to this surge, according to Cointelegraph and TradingView data.
Binance users can get exposure to SOL with staking rewards by investing on $BNSOL Binance Staked Sol.
