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Big news for Solana fans! The first-ever Solana ETF with staking is landing in the U.S. this Wednesday. REX-Osprey’s CEO, Gregory King, confirmed it. This isn’t just another crypto fund—this one lets you earn passive income too.
ETF With a Twist
It’s called the REX-Osprey SOL + Staking ETF. It offers exposure to SOL’s price and gives you staking rewards. That’s rare. Traditional ETFs don’t pay you anything for just holding them. This one does. Think of it like earning crypto dividends.
What Makes It Different?
Unlike other funds filed under the 30 Act, REX-Osprey went the 40 Act route. This move could help it slide past SEC hurdles faster. It might be the only SOL ETF for a while, depending on what the regulators decide.
Why SOL?
Solana’s a speed demon. It’s cheap and fast. Traders and institutions love it. The coin (SOL) is already popular, but now it’s getting a Wall Street-level boost. With this ETF, more cautious investors might finally dip their toes into crypto.
Passive Income? Yes, Please.
Staking means you lock up your tokens to help run the network—and get paid for it. Including this in an ETF is like putting a cherry on top of your investment sundae. It’s a mix of growth and yield, all wrapped in one shiny package.
The Numbers Don’t Lie
As of today, SOL trades at $157. That’s a 4% boost in the past hour. Trading volume’s also up—22% higher, hitting $3.06 billion. Investors are clearly paying attention.
