The REX-Osprey Solana + Staking ETF recently debuted in the U.S. and generated a significant trading volume on its first day, reflecting growing interest in Solana-related products.
Strong ETF Opening
On its opening day, the REX-Osprey Solana + Staking ETF recorded $33 million in trading volume and ended with about $1 million in assets under management. Both institutional and retail investors showed considerable interest, with $12 million committed on day one. Bloomberg analyst Eric Balchunas noted that the debut exceeded expectations, particularly when compared to prior Solana or XRP-based products.
Unique Solana Staking Strategy
The ETF stands out by combining staking rewards with strong regulatory safeguards. Approximately 80% of the fund's assets are invested in spot SOL, with more than half actively staked to earn on-chain yield. Investor protection is ensured by Anchorage Digital, a federally regulated crypto custodian.
Regulated Path for Crypto Investment
The REX-Osprey Solana + Staking ETF was launched under strict adherence to the Investment Company Act of 1940, differentiating it from many other crypto ETFs still awaiting approval. Despite the cautious stance of the U.S. Securities and Exchange Commission towards crypto-based products, the launch of this ETF marks progress in the integration of digital assets with traditional finance.
The debut of the REX-Osprey Solana + Staking ETF illustrates a rising interest in reliable and regulated products within the cryptocurrency market. Although institutional response has been measured, the product may represent a significant step in the integration of cryptocurrency with traditional financial systems.
