30.06.2025 23:37
A groundbreaking Solana (SOL) exchange-traded fund (ETF), offering investors both price exposure and staking rewards, is poised to begin trading in the United States as early as Wednesday. This development follows an announcement from REX Shares and Osprey Funds on X, confirming the imminent launch of what they are calling the first-ever staked cryptocurrency ETF in the US market.
The launch culminates months of work. In May, REX and Osprey submitted applications to the U.S. Securities and Exchange Commission (SEC) for the creation of C-corporation ETFs focused on Solana and Ethereum. A subsequent letter to the SEC last week, seeking clarification on any outstanding concerns, received a positive response—the lack of further comments effectively signaling regulatory approval. The resulting REX-Osprey SOL+Staking ETF represents a significant innovation in the US investment landscape.
This pioneering ETF is not alone. The SEC is currently reviewing applications from several other firms—including Invesco, Galaxy Digital, VanEck, Bitwise, Franklin Templeton, and Grayscale—for a total of nine potential Solana ETFs. These filings reflect the growing interest in alternative cryptocurrencies, building on the successful launches of Bitcoin and Ethereum ETFs earlier this year. The potential for staking rewards within these funds further adds to their attractiveness.
The surge in ETF applications follows a policy shift by the current administration towards easing crypto regulations. This regulatory optimism, alongside the success of previously approved crypto ETFs, has emboldened asset managers to file for a diverse range of crypto-based investment products, encompassing established players like Solana and even memecoins like Dogecoin (DOGE) and Ripple's XRP. Market analysts are highly optimistic, assigning a 95% probability of SEC approval for all pending Solana ETF applications before the end of 2024, with a final decision deadline set for October 10th. A simultaneous launch of all approved Solana ETFs is anticipated to ensure fair market conditions.
