#REX-OSPREYSolanaETF The REX-Osprey Solana ETF is set to launch on July 2, offering investors exposure to Solana (SOL) with staking rewards. This ETF is significant because it's the first-ever staked crypto ETF in the US, providing a unique opportunity for investors to benefit from SOL's price appreciation and staking yields within a regulated framework.
*Key Features:*
- *Ticker Symbol:* SSK
- *Structure:* Registered under the Investment Company Act of 1940 and operates through a C-corporation
- *Staking:* At least 50% of Solana holdings will be staked through native delegation and liquid-staking protocols like JitoSOL
- *Expense Ratio:* 1.40% annually, including a 0.75% management fee and 0.65% deferred tax estimate
*Impact on Solana:*
- *Increased Exposure:* The ETF is expected to attract institutional and retail investors seeking regulated exposure to Solana
- *Market Activity:* Solana's trading volume has risen by over 22%, totaling $3.06 billion in the past 24 hours
- *Potential Price Movement:* Analysts predict the ETF could attract $3 billion to $6 billion in inflows in its first year, potentially driving up SOL's price
*Regulatory Landscape:*
- *SEC Approval:* The SEC has raised no objections to the ETF's launch, signaling a potential shift in regulatory stance on staking-based ETFs
- *Precedent:* This ETF may set a precedent for future staking-based ETFs, with other asset managers like VanEck and Fidelity potentially following suit ¹ ² ³