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.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

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.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post First U.S. Staking ETF Launches Wednesday, Offers Exposure to Solana and Yield appeared first on Coin Engineer.