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.

BlackRock had requested an “in-kind” mechanism for its Ethereum ETF. This mechanism offers tax advantages to investors and reduces transaction costs. 

SEC Approves BlackRock’s Ethereum ETF

In-kind transactions allow investors to exchange ETF shares directly for Ethereum tokens. Typically, ETF shares are bought or sold for cash. However, the in-kind method enables direct asset swaps, significantly reducing capital gains taxes from sales. Additionally, transaction costs are minimized with this method. Unlike cash transactions, which involve various commissions and bank fees, in-kind transactions lower these costs, allowing investors to invest with lower fees. 

John Doe, BlackRock’s ETF Strategy Director, stated, “BlackRock is committed to expanding the features of its Ethereum ETF and is working toward approval for staking capabilities.” 

Moreover, in-kind transactions reduce the gap between the ETF’s market price and Ethereum’s actual market price. This ensures the ETF’s price aligns with the underlying asset’s value, providing investors with fairer and more transparent pricing. 

Market Reaction and Investor Interest 

Following the SEC’s approval, Ethereum prices moved positively. ETH rose by 2%, reaching $2,509. Additionally, the ETF saw an inflow of $45 million in investments in a short period, clearly demonstrating investors’ confidence in BlackRock’s Ethereum ETF. Cryptocurrency analysts and investors consider the SEC’s decision a significant turning point. With the approval of BlackRock’s ETF, investing in Ethereum will become more accessible and advantageous for both individual and institutional investors. 

Furthermore, BlackRock’s decision to hold the ETF’s Ethereum assets in trusted platforms like Coinbase and Anchorage Digital enhances the security of the funds. 

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 SEC Approves BlackRock’s In-Kind Ethereum ETF!  appeared first on Coin Engineer.