The REX-Osprey Solana Staking ETF debuted successfully in the USA, receiving a substantial inflow of funds.
Launch of REX-Osprey Solana Staking ETF
The REX-Osprey Solana Staking ETF launched on Cboe BZX Exchange with $12 million in inflows and $33 million in trading volume. This milestone represents a significant advancement for crypto investors by providing direct access to Solana assets and staking opportunities. Analysts noted a "healthy" trading start, with $8 million in volume achieved within the first 20 minutes.
Regulatory Hurdles
The fund faced regulatory challenges from the Securities and Exchange Commission, which raised objections in late May. The main issue was whether the product qualified as an 'investment company' under securities laws. However, the fund managed to navigate this by investing at least 40% of its assets in other ETPs, primarily registered outside the US.
Market Analysis and Projections
Despite the ETF's debut success, Solana's price did not react significantly, although it rose 3.6% over the last 24 hours. Nevertheless, the market's focus might indicate growing institutional interest. Analysts predict that the second half of 2025 could see launches of new ETFs, especially for Solana and other altcoins, with a 95% likelihood of their approval.
The findings from the debut of the first Solana staking ETF highlight an increasing demand for such products, and this successful launch provides hope for further successful endeavors in the crypto investment landscape.
