Trading began on July 2 on the Cboe Exchange for the first U.S. staking ETF on Solana, confirming increasing institutional interest.
Launch of the Solana ETF
On July 2, REX Shares and Osprey Funds introduced the first staking ETF on Solana. On its first trading day, the ETF achieved a volume of $33 million, highlighting the significance of this event.
Key Players
Key players in launching the ETF include REX Shares and Osprey Funds, combining their expertise in ETFs and digital assets. The ETF structure allocates 80% of its assets to spot Solana, with 50% actively staked for yield.
Market Impact
The launch of the ETF may influence the broader financial market and affect ETF structures and staking trends worldwide. Increased interest in Solana from institutional investors sets a precedent for other cryptocurrencies.
The success of the Solana staking ETF could lead to regulatory and market changes as more products integrate cryptocurrency staking.
