The launch of the Solana Staking ETF by REX-Osprey™ marked a significant milestone in crypto ETFs, achieving outstanding trading volume on its first day.
Launch of Solana Staking ETF
REX Shares and Osprey Funds introduced the Solana Staking ETF, aimed at enhancing exposure to Solana and providing staking rewards. The ETF is supported by CF Benchmarks, with Anchorage Digital serving as the custodian.
First Day Trading
On its first day of trading, the ETF recorded a volume of $33 million and $12 million in inflows. The fund allocates 80% to direct SOL exposure, including institutional validators like Galaxy, while retaining no staking rewards.
Future of Solana Staking ETF
The launch of the ETF impacts institutional exposure to Solana, potentially influencing staking pools. Previous XRP and SOL futures ETFs saw less enthusiasm due to financial inefficiencies. The new ETF could shape the future of financial products, leveraging regulatory standards and potentially broadening Solana's liquidity and market adoption.
The launch of the Solana Staking ETF has been successful, resulting in significant trading volumes. This may affect future institutional participation in the crypto market and strengthen Solana's position.
