Bloomberg Senior ETF Analyst Eric Balchunas released his latest views stating: "The SOL Spot ETF launched by REX-Osprey (product code: SSK) is set to officially enter the market this Wednesday, making it the first ETF product in the United States to support staking functionality.

According to the design, this ETF will hold 40% of its assets in the form of 'securities' through other Solana-related ETPs to ensure compliance with the regulatory requirements of the Investment Company Act of 1940. In terms of fees, the management fee is set at 0.75%, however, due to the adoption of a Class C corporate structure, after including tax expenses and other factors, the total fee is expected to rise to 1.28%.

While the launch of this new product is worth close attention from the market, investors still need to remain rational and manage expectations properly.

Looking back, SOLZ (Solana Futures ETF) only reached an asset scale of $22 million three months after its listing, and its market performance was less than impressive, especially considering that the SOL price rose by 15% during the same period, making this performance even more disappointing.

From the perspective of investor preferences, when conditions allow, investors often prefer to choose 100% spot products issued under the Securities Act of 1933; however, there is currently no clear timeline for the launch of such products.

Additionally, unlike the 'fee war' that occurred in the Bitcoin spot ETF market, there has not yet been any competitive situation in the Solana-related ETF space, nor have industry giants like BlackRock and Fidelity participated in it.