REX Shares Launches First US Solana Staking ETF

REX Shares, in collaboration with Osprey Funds, is set to launch the first US Solana staking ETF, the REX-Osprey SOL + Staking ETF, on July 3. This ETF, which will be listed under the ticker SSK, is a groundbreaking development in the cryptocurrency investment landscape. It will provide investors with direct exposure to Solana (SOL) while also offering staking rewards, a feature that has not been available in any other US-listed ETFs until now.

The launch of this ETF comes after the Securities and Exchange Commission (SEC) indicated that it has no objections to the filing, paving the way for its introduction to the market. This ETF is designed to track the price performance of Solana while also providing investors with on-chain staking rewards, effectively combining yield-generating exposure with direct cryptocurrency investment.

The REX-Osprey SOL + Staking ETF is expected to attract significant interest from investors seeking to capitalize on the growth potential of Solana, one of the leading blockchain platforms known for its high-speed transactions and low fees. By offering staking rewards, the ETF provides an additional layer of return, making it an attractive option for those looking to maximize their investment in the cryptocurrency market.

The launch of this ETF is part of a broader trend of increasing regulatory acceptance and innovation in the cryptocurrency ETF space. The approval of multiple spot Bitcoin ETFs earlier this year has set a precedent for the approval of other cryptocurrency-based ETFs, including those focused on Ethereum and Solana. This regulatory momentum has fueled market expectations and investor confidence, with analysts predicting a high probability of approval for Solana-based ETFs.

The REX-Osprey SOL + Staking ETF is poised to be a game-changer in the US ETF market, offering investors a unique opportunity to participate in the growth of Solana while earning additional returns through staking. As the first staked crypto ETF in the US, it sets a new standard for innovation and investor accessibility in the cryptocurrency investment landscape.