First U.S. Staking ETF Launches Wednesday, Offers Exposure to Solana and Yield

The financial industry is about to witness a significant shift in how digital assets are accessed and rewarded. For the first time in the United States, investors will be able to gain exposure to Solana (SOL) through a staking-enabled exchange-traded fund (ETF)—a move that could reshape institutional crypto adoption.

On Monday, REX Shares confirmed the imminent launch of the REX-Osprey Solana and Staking ETF, set to go live on Wednesday. This fund will give U.S. investors direct access to spot SOL while earning staking rewards — a unique structure in the regulated ETF space.

How the Solana ETF Will Work

The fund utilizes a C-Corp structure that recently received positive feedback from the U.S. Securities and Exchange Commission (SEC). Previously flagged as conflicting with ETF rules, this model now aligns with recent SEC interpretations, especially after the regulator ruled in May that staking does not violate securities laws.

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This opens the door for innovative financial products in the crypto sector, starting with Solana and potentially extending to other altcoins.

SOL Price Surges as ETF Launch Nears

Following the announcement, SOL rallied over 6% to $158, marking a weekly gain of more than 12%. Despite the bullish sentiment, SOL is still trading 46% below its all-time high.

With a market capitalization of $83.5 billion, Solana is currently the sixth-largest cryptocurrency. Its growing dominance in the decentralized exchange (DEX) market — outpacing Ethereum in volume — adds to its momentum. Platforms like Raydium, Pump.fun, and Orca are playing a key role in this trend.

Bloomberg ETF expert Eric Balchunas recently noted that Solana is “leading the way” among a new wave of crypto ETFs expected to gain regulatory approval soon.

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