๐จ Big news for Solana holders!
A brand new ETF that includes Solana (SOL) and lets people earn staking rewards is about to go live! ๐
#REX-OSPREYSolanaETF
๐ข What happened?
A U.S. investment company called REX Shares, in partnership with Osprey Funds, just got the green light to launch a Solana Staking ETF. Itโs called "SSK" and will start trading on July 2.
๐ฐ What makes it special?
It's the first ETF in the U.S. that not only holds Solana but also stakes it for passive income.
You don't need a wallet or crypto knowledgeโjust buy the ETF like a regular stock.
Part of the SOL inside the fund will be automatically staked, and profits will be shared with holders.
๐ SOL price reacts!
As soon as the news broke, Solana (SOL) jumped by over 6%, climbing above $160.
Traders are excited because this could bring in new money from big investors who want crypto exposure but with less risk.
๐ก Why it matters:
Makes it easier for regular and professional investors to earn from crypto.
Could lead to more ETFs like this for other coins (maybe ETH next?).
Shows that crypto is becoming more accepted in traditional finance.
๐ Whatโs next?
โ Ticker: SSK
๐ Launch Date: July 2
๐ Exchange: Expected on a major U.S. stock market
๐ Staking inside the ETF = you earn without doing anything
๐ฃ๏ธ What do you think?
Will you buy SOL before the ETF launches?
Would you rather stake yourself or let the ETF do it for you?
Letโs talk ๐
#REX-OSPREYSolanaETF #Solana #CryptoNews #CryptoETF #HODL #PassiveIncome #BinanceSquare