The long-anticipated Solana ETF is no longer just talk. After months of speculation, regulatory maneuvering, and shifting deadlines, the REX-Osprey Solana ETF is finally hitting the market this week.
The REX-Osprey Solana ETF will also be the first exchange-traded product to offer staking rewards for holders, the first of its kind in the U.S., potentially making it a more attractive product for investors.
This ETF, trading under the ticker SSK, gives investors exposure to both the price of Solana (SOL) and the rewards typically earned by validators on the network. That combination is something crypto-native users have had access to for years, but now traditional investors can access it from the comfort of a brokerage account.
Part of what made this launch possible is the fund’s C-corporation structure. By sidestepping some of the regulatory constraints that typically stall staking-based products, REX and Osprey have managed to bring a yield-generating ETF to market without direct resistance from regulators. That’s no small feat, especially when considering how long Ethereum-based staking proposals have sat in limbo.
This ETF launch could really be a turning point for Solana. In recent years, the blockchain has become a thriving ecosystem for DeFi projects and memecoins, but that may have limited institutional investments. Now, this new ETF can provide a new level of institutional access to Solana, and also kickstart a new wave of staking-enabled ETFs.
Regardless of where things go from here, the launch of SSK sends a few clear messages. The SEC is back on the move in the crypto sector, and regular investors are now more than ever interested in having crypto exposure.
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