The REX-Osprey Solana Staking ETF has launched, offering a new opportunity for U.S. investors to gain exposure to Solana (SOL) while receiving staking rewards. This marks the first U.S.-listed crypto ETF to combine token exposure and staking rewards in a regulated structure.
REX-Osprey Solana Staking ETF
As per a press release, the REX-Osprey Solana Staking ETF (SSK) has launched for investors who need exposure to Solana alongside an opportunity to earn staking rewards. This fund is a breakthrough in the U.S. crypto ETF community because it can offer the positive aspects of owning Solana tokens and add yield through staking to appeal to investors.
The ETF is aimed at providing direct spot exposure to Solana and does not pose the issues that are presented by futures-based crypto ETFs.
Besides direct exposure, the ETF also provides the advantages of staking rewards, where the staking of Solana provides a staking rate of 7.3% at present. The ETF will have most of its assets staked SOL tokens with the aim of providing a reward to investors through the blockchain.
Anchorage Digital as Custodian and Staking Partner
The new ETF has signed Anchorage Digital as its sole custodian and staking partner. Anchorage is a federally chartered digital asset bank with a reputation of regulatory compliance and the security of managing digital assets.
The partnership gives the fund the rigorous requirements to achieve the listing of an investment product in the U.S and offers stability and transparency to those who invest there.
Anchorage will custody and stake the assets in the ETF, making use of its safe platform to handle related digital assets on behalf of the fund. The CEO of Anchorage Digital, Nathan McCauley commented that, the next chapter in the crypto ETF story is staking, and that it is becoming ever more important in the field of digital assets. Subsequently, the ETF is able to give out staking rewards in a strictly compliant and secure manner.
Bloomberg Analysts Weighs In
After the launch, Bloomberg analyst James Seyffart, said,
“ First spot Solana staking ETF has officially launched. Good first-day opening to a new ETF with an opening ~$8 million trading in the first 20 minutes.”
This shows good market reception, as seen through high initial volumes of trading. Such a vigorous launch demonstrates that there is definite demand in the fund and the increasing popularity of staking-based structures in the U.S. market.
Meanwhile, Bloomberg analysts project a 95% probability that the SEC will approve additional Solana ETFs in 2025 aligning with Polymarket’s 99% odds of approval. The green light for the REX-Osprey Solana ETF could in turn pave the way for additional staking-based ETFs, given that a host of other companies have already submitted applications for Solana-related products with the SEC. Firms like VanEck, 21Shares, Canary Capital, Bitwise, Grayscale, Franklin Templeton, Fidelity, Invesco, and Galaxy Digital have submitted Solana ETF applications to the U.S. Securities and Exchange Commission (SEC).
Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .
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Source: https://coingape.com/rex-osprey-solana-staking-etf-goes-live/