#REX-OSPREYSolanaETF
Solana ETFs are exchange-traded funds designed to track the spot price performance of Solana's native cryptocurrency, SOL. These financial instruments allow investors to gain exposure to SOL without directly holding the cryptocurrency or managing digital wallets and private keys.
*Types of Solana ETFs:*
- *Solana Staking ETF:* Allows investors to earn staking rewards on SOL holdings while investing in the cryptocurrency. The first-ever Solana Staking ETF, REX-Osprey SSK, is set to launch on the Chicago Board Options Exchange (CBOE) with the ticker SSK.
- *Spot Solana ETF:* Tracks the spot price of Solana, providing investors with exposure to the cryptocurrency's potential growth and returns without directly owning SOL tokens.
*Available Solana ETFs:*
- *SOLANA ETF (SOLZ):* Listed on the NASDAQ exchange, with a current price of $16.16 and an 8.23% decrease.
- *2X SOLANA ETF (SOLT):* Also listed on NASDAQ, with a current price of $13.79 and a 15.91% decrease.
- *PURPOSE SOLANA ETF ((link unavailable)):* Listed on the NEO exchange, with a current price of $12.32 and a 10.89% increase.
- *EVOLVE SOLANA ETF ((link unavailable)):* Listed on the Toronto Stock Exchange, with a current price of $11.92 and an 11.09% increase.
- *PURPOSE SOLANA ETF ((link unavailable)):* Listed on the Toronto Stock Exchange, with a current price of $11.84 and an 8.72% increase ¹ ² ³.
*Benefits of Solana ETFs:*
- *Regulatory oversight:* ETFs operate under established securities regulations, providing investor protections not available with direct crypto ownership.
- *Simplified access:* Investors can engage with SOL like a stock, without the complexities of crypto trading.
- *Staking rewards:* Solana Staking ETFs allow investors to earn rewards on their SOL holdings ⁴.