REX-Osprey Launches First Solana + Staking ETF in the US!
REX Shares and Osprey Funds are launching the first crypto ETF in the US this week that provides on-chain staking returns along with a spot SOL position.
The ETF directly holds Solana by allocating at least 50% of its assets to staking for the purpose of distributing staking income.
Through a strategic C-Corp structure, concerns regarding non-compliance with the SEC's 1940 Act have been addressed.
Following the news, the SOL price rose by 4-6% to ~$158; DEX volumes also increased significantly.
This move marks the beginning of an era for crypto ETFs that generate staking income for traditional investment instruments. Institutional investor interest could support the altcoin market.
