The #ETF of #Solana $SOL #Staking opened with first-day entries exceeding 12 million dollars. Managed by #REX Shares and #Osprey Funds, it represents the first ETF with a participation feature available in the U.S. market, reflecting strong interest among institutional investors. REX Shares and Osprey Funds, two prominent asset managers, launched this ETF focusing on Solana tokens. Approximately 80% of the assets are allocated to SOL, with half staked to generate yield, capitalizing on Solana's proof-of-stake mechanism.

The introduction of the ETF significantly impacts institutional investors, providing access to regulated yield opportunities. The ETF targets traditional finance and native cryptocurrency audiences, which could increase staking activity of $SOL .

Financially, the ETF could position $SOL competitively against major assets like ETH and BTC, which lack staking features in their ETFs. Governance tokens and DeFi assets based on Solana may benefit from increased participation and interest.

Analysts recognize the Solana ETF as a pioneer in staking-enabled financial products. "Historically, cryptocurrency ETFs have served as key legitimization moments for cryptocurrencies, with substantial trading volumes and market commitments following previous launches."