🚀 Solana ETF Set to Launch in US Markets This Wednesday – A Game-Changer for Crypto Investors

Wall Street's latest crypto craze is here—just in time for the bulls to charge.

The ETF Era Goes Blockchain

Solana joins the big leagues as the first dedicated ETF for the high-speed blockchain hits US exchanges. No more messy self-custody—now traditional investors can FOMO in with a single click.

Why This Matters

Regulators finally blinked after years of resistance. The SEC’s grudging approval signals a seismic shift—even if they’ll still probably sue someone over it tomorrow.

The Fine Print

Fees? Higher than a DeFi yield farm. Liquidity? Let’s just hope it’s better than SOL’s network during a meme coin frenzy. But hey—it’s progress, Wall Street-style.

Cynics’ corner: Nothing says ‘mature asset class’ like letting boomers buy crypto through their 401(k) plans.

A Solana (SOL) exchange-traded fund that tracks the price of the sixth-largest cryptocurrency and delivers staking rewards to holders is set to commence trading in the US market on Wednesday.

“Coming Wednesday: The First-Ever Staked crypto ETF in the U.S.!” REX Shares and Osprey Funds said Monday on X.

REX and Osprey submitted paperwork with the U.S. Securities and Exchange Commission (SEC) in May to create C-corporation ETFs that would invest in solana and another that invests in Ethereum.

Last week, the companies filed a letter with the SEC, asking whether comments had been addressed for their application. As reported by ZyCrypto, the regulator had no further comments, indicating that the product was effectively ready for launch. 

The REX-Osprey SOL+Staking ETF WOULD be the first of its kind in the United States.

The US could also get nine Solana exchange-traded funds if the SEC approves, as Invesco and Galaxy Digital recently joined bids from the likes of VanEck, Bitwise, Franklin Templeton, and asset management giant Grayscale. These funds would likely also include staking capabilities.

The investment firms are looking to test the market’s appetite for alternative cryptocurrencies after the blockbuster success of Bitcoin ETFs debuted in early 2024 and respectable wins for funds tied to Ethereum, which launched months later.

The Trump administration has pledged to ease regulations on crypto, sparking a wave of Optimism as asset managers file for a flurry of crypto ETFs, ranging from ones that track SOL to leading memecoin Dogecoin (DOGE) and Ripple’s XRP.

Prominent ETF analysts have given a 95% chance that the SEC will approve the Solana ETF filings by the end of this year. The Commission’s final deadline to greenlight these investment vehicles is October 10. All Solana ETFs will likely launch concurrently to avoid giving one a first-mover advantage.

SOL was priced at $157.05 at publication time, reflecting a 3.6% gain over the last 24 hours.