BREAKING: REX-Osprey Launches First-Ever Staked Solana ETF—SOL Pumps 5% Ahead of Wednesday Debut
Wall Street meets crypto—again. REX-Osprey just dropped the ultimate institutional bait: the first staked Solana ETF, set to go live this Wednesday. And surprise—SOL’s already reacting, up 5% in anticipation.
Why it matters: Staking rewards packaged as an ETF? That’s TradFi’s version of ‘having your cake and eating it too’—minus the actual decentralization, of course.
The cynical take: Nothing screams ‘adoption’ like financial giants repackaging crypto’s native yield into a fee-generating wrapper. But hey—at least the SOL bulls get their price bump.
What’s next: Watch for the usual ETF effect—short-term hype, liquidity surges, and the inevitable ‘sell the news’ dip. Bonus points if BlackRock follows suit by Friday.
- REX-Osprey to launch first US Solana staking ETF Wednesday
- ETF offers SOL price exposure and passive staking rewards
- Solana price rises 5% as ETF approval fuels market optimism
Solana is about to make history in the ETF space. The REX Shares and Osprey Funds-supported first US-based Solana staking ETF, is scheduled to launch on Wednesday. After the news, the SOL price briefly surged by 5% before settling with a 1.3% gain at $151.
REX-Osprey Staked Solana ETF Structure
The ETF will offer investors exposure to solana as well as receive passive income in staking rewards. This makes it different from other spot ETFs, which only track a price but do not provide any yield. According to Osprey, the fund is fully approved and ready to begin trading midweek.
REX Shares had filed a final update with the SEC inquiring whether there were any comments on the proposal. Shortly after, the asset manager hinted at an imminent launch via social media. Osprey later confirmed that the ETF WOULD go live this Wednesday.
Coming Soon: The First-Ever Staked Crypto ETF in the U.S.!
Introducing the REX-Osprey™ SOL + Staking ETF, designed to track the performance of Solana while generating yield through on-chain staking.
✔️ SOL exposure
✔️ Staking rewards
A new era of yield-generating crypto… pic.twitter.com/I8yIEqiI5R
The product uses a C-Corporation structure which has raised concerns for regulators in the current ETF framework. However, the SEC has not raised further objections after reviewing the latest filings. This lack of pushback suggests that the structure is now in compliance.
REX and Osprey will offer the first staked crypto ETF in the United States. It provides investors with exposure to SOL as well as staking returns without the need to manage wallets or nodes. This may attract institutions seeking an easy and compliant method to enter crypto markets.
Price Action
The launch of the ETF has contributed to the market Optimism on Solana. The price of the token rose to $158 in the morning of Monday. According to CoinGecko, SOL is still up over 12% in the past seven days.
Source: CoinGecko
At its current price, Solana has a market capitalization of around $83.5 billion, making it the sixth-biggest cryptocurrency. Although it is still 46% below its all-time peak, the ETF mania has sparked the buying interest. Other analysts are of the opinion that this launch would initiate a series of altcoin-based ETFs.
Regulatory Shift Towards Staking in ETFs
In May, the SEC said that staking in itself does not violate securities laws but delayed rulings on certain staking ETFs. The REX-Osprey approval implies that the arena is open to more innovative fund structures.
This marks a major milestone for the industry observers and the overall crypto market. The Bloomberg’s ETF analysts have observed that Solana may be the first altcoin fund this summer. There are more applications of ETFs in the pipeline that target other staking-enabled tokens.
