๐บ๐ธ Solana Staking ETF Set to Launch in the U.S. โ A Historic First! ๐บ๐ธ
๐ช AI Summary
According to Odaily, REX Shares just announced via X (Twitter) the upcoming launch of the "REX-Osprey SOL+Staking ETF" โ the first-ever staking crypto ETF in the United States. This ETF is designed to:
๐น Track Solana's performance
๐น Generate passive returns through on-chain staking
๐ Whatโs the big deal?
This marks a major step toward integrating crypto-native yield generation into traditional finance โ making SOL staking accessible through regulated U.S. markets.
๐ข SEC Green Light?
According to Bloombergโs ETF analyst Eric Balchunas, the SEC has โno further commentsโ โ signaling that the product is cleared for launch. This is significant because:
โ ๏ธ The SEC had earlier raised concerns that staking-based ETFs may not meet the definition of an โinvestment company.โ
But now, this hurdle seems to be cleared.
๐ก Why it matters:
Brings institutional exposure to Solana
Opens doors for future staking-based ETFs (e.g., Ethereum)
Validates on-chain staking as a regulated investment strategy
๐ Expect increased interest in SOL and staking-related token.
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