The Solana ETF developed by REX Shares and Osprey Funds is set to launch on June 2, featuring staking capabilities that will allow shareholders to receive dividends.
Details on ETF Launch
According to REX Shares CEO Greg King, the launch of the staking-enabled Solana ETF is scheduled for June 2. In May, he informed Bloomberg of the company's intention to go live by mid-July. The updated prospectus filed with the SEC indicates the product's readiness for launch.
Regulatory Changes
Last year, Ethereum ETFs were launched without staking due to concerns regarding staked Ether being treated as securities. However, under the new regulatory framework from the SEC, it has become clear that staking activities are not considered securities transactions for certain proof-of-stake blockchains.
Economic Indicators of Solana
Currently, Solana is trading at $158.92, marking a rise of over 5%. Recent data shows that Polymarket bettors see a 99% chance of a Solana ETF being approved this year.
The launch of the staking-enabled Solana ETF represents a significant development in the cryptocurrency market, opening up new opportunities for investors and increasing interest in proof-of-stake blockchains.
