$SOL
The first actively traded fund in the United States for #Solana is coming! 🇺🇸🚀
On Wednesday, July 2nd, the REX-Osprey SOL + Staking ETF will be launched for the first time on the C,boe B,ZX exchange, marking an unprecedented advancement in the cryptocurrency sector.
For the first time, investors will have access to a regulated fund that not only tracks the price of #SOL but also distributes participation rewards, meaning passive income within the exchange-traded fund.
📈 The announcement caused shockwaves in the market: the price of #سولانا $SOL rose by about +4% shortly after it was confirmed. Currently, it has slightly corrected along with the markets.
This new product allows traditional investors to gain exposure to the Solana ecosystem and receive income generated from network validation, without needing to interact with digital wallets, private keys, or technical protocols.
And now, with the approval of the U.S. Securities and Exchange Commission (#SEC ), which has raised no objections to the changes in the fund's structure, the expectation is that this model will serve as a gateway for other exchange-traded funds in the country. 👀
Another significant step in the convergence of cryptocurrencies and the traditional financial market. 🌐 Do you think this news is optimistic for the cryptocurrency market? Leave your opinion in the comments 👇