- The first Solana ETF launches in the U.S.
- Staking rewards passed to investors.
- Potential ripple effects in Solana DeFi.
The launch of the Solana Staking ETF represents a milestone for U.S. crypto ETFs and could influence future staking-native financial products. Market observers expect shifts in Solana’s DeFi space.
The REX-Osprey Solana Staking ETF offers investors the first opportunity to engage with Solana (SOL) and staking rewards via a regulated U.S. ETF. This product provides holders with a target allocation of 80% in SOL, aiming for 50% staked participation.
Led by Greg King, CEO of REX Shares and Osprey Funds, this ETF seeks to cater to retail and institutional investors without previous external financing. As of the launch, Solana staking rewards stand at approximately 7.3% directly passed to investors.
“Today announced the launch of SSK, the REX-Osprey™ Solana + Staking ETF, the first U.S.-listed ETF to give investors exposure to Solana (SOL) plus staking rewards in their securities brokerage accounts.” — Greg King, CEO, REX Shares/Osprey Funds
The introduction of this ETF primarily affects the Solana blockchain and indirectly impacts tokens such as JitoSOL. The event highlights the distinct role of financial products in digital asset expansion. The regulatory pathway signaled no SEC objections, allowing launch without direct affiliation to Solana Labs.
Future implications include the potential for staking-native financial tools to gain traction. The ETF’s structure reflects unique tax designations akin to corporate entities. Historical trends in crypto ETFs predict investor engagement, as evident in past launches involving Ethereum and Bitcoin products.
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