Many people see this news and want to dive in, but this SOL spot ETF has actually taken a 'shortcut' by circumventing the SEC's regular approval process through a C-Corp company structure, which is different from mainstream ETFs. It was launched by a small institution, REX Shares, and has problems such as high fees (double taxation), unstable staking yields, and poor liquidity.
The real heavyweight SOL ETF (such as those applied for by institutions like VanEck) is still waiting in line at the SEC and won't show results until at least October.
Currently, this is more like a 'niche experiment' and cannot be considered an industry breakthrough.
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