The innovative Solana-based ETF by REX-Osprey started trading on July 2 and has since attracted significant investor attention.
Launch of the ETF and Trading Volume
The Solana-based ETF by REX-Osprey was launched on July 2, and by July 16, its trading volume surpassed $222 million. Despite a management fee of 0.75%, the fund attracted net inflows of $69.7 million, indicating substantial investor interest.
Staking Feature and Income Potential
The ETF stands out by allowing SOL coins in its portfolio to be staked. By leveraging the proof-of-stake Solana network, REX-Osprey earns validation rewards, providing income beyond just price appreciation. This marks the first regulated vehicle that combines capital gains with network-derived returns.
Initial Investor Interest
The $69.7 million gathered in the first two weeks may seem modest compared to the billion-dollar flows seen with Ethereum and Bitcoin ETFs. However, these figures reflect active investor interest given the new product's high management fee.
The REX-Osprey Solana fund, featuring a staking option, is attracting a diverse range of investors, reflecting a growing interest in innovative cryptocurrency products.
