The United States will launch its first collateralized cryptocurrency ETF, causing Solana (SOL) to soar
The United States will launch its first staking cryptocurrency ETF this Wednesday, allowing investors to gain exposure to Solana (SOL) while receiving staking rewards. REX Shares confirms the upcoming product, marking a milestone in the adoption of cryptocurrency institutions.
The REX Osprey fund will provide SOL spot holding and staking returns, which may attract long-term investors seeking passive income. According to reports, the US Securities and Exchange Commission has given positive feedback on its C-Corp structure, which may simplify regulatory approval.
After the news came out, Solana's price rose by 6% to around $158, expanding its weekly increase to over 12%. SOL has a market value of $83.5 billion and is currently the sixth largest cryptocurrency. Analysts believe that this ETF may trigger a "counterfeit coin season" and boost broader market sentiment.
In addition, Solana's dominant position in decentralized exchange (DEX) trading volume, surpassing Ethereum, further strengthens its position as a leading blockchain adopted by institutions and retail.
