- REX and Osprey Funds debut Solana Staking ETF.
- Price surged 16%, hitting $160 pre-launch.
- Institutional interest remains measured compared to BTC, ETH.
The ETF could propel Solana further into mainstream finance, showing a promising innovation despite moderate institutional demand by integrating staking for a potential 20% yield.
The first-ever Solana Staking ETF by REX Shares and Osprey Funds uniquely combines spot token exposure with staking yields, slated for launch on June 30, 2025. The ETF is an innovative addition to U.S. markets, providing direct access to Solana’s on-chain rewards.
REX Shares and Osprey Funds are spearheading this move, integrating traditional financial instruments with crypto. The introduction promises up to a 20% staking yield, representing optimism for new financial products.
SOL’s price rose sharply 16%, briefly reaching $160, underscoring retail enthusiasm ahead of its ETF debut. Participation on Solana grew, reflected in its increased address holdings, though ecosystem sell-offs persist.
Unlike BTC and ETH, SOL’s ETF integrates staking, increasing potential returns but trailing in institutional inflows like Grayscale’s $10B in Bitcoin and Ethereum funds. The SEC has issued no opposition to this tax-efficient structure.
The price spike to ~$160 following the ETF’s announcement demonstrates strong speculative enthusiasm and retail interest.
A $200 breakthrough for Solana may depend on sustained institutional support and improving DeFi metrics. Historical trends of spot ETFs in other cryptocurrencies reflect potential for future financial growth if properly leveraged.
