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A Solana (SOL) exchange-traded fund that tracks the value of the sixth-largest cryptocurrency and delivers staking rewards to holders is ready to begin buying and selling within the US market on Wednesday.
“Coming Wednesday: The First-Ever Staked Crypto ETF within the U.S.!” REX Shares and Osprey Funds said Monday on X.
REX and Osprey submitted paperwork with the U.S. Securities and Trade Fee (SEC) in Could to create C-corporation ETFs that might spend money on Solana and one other that invests in Ethereum.
Final week, the businesses filed a letter with the SEC, asking whether or not feedback had been addressed for his or her software. As reported by ZyCrypto, the regulator had no additional feedback, indicating that the product was successfully prepared for launch.
The REX-Osprey SOL+Staking ETF can be the primary of its variety in america.
 
The US may additionally get 9 Solana exchange-traded funds if the SEC approves, as Invesco and Galaxy Digital not too long ago joined bids from the likes of VanEck, Bitwise, Franklin Templeton, and asset administration big Grayscale. These funds would probably additionally embody staking capabilities.
The funding corporations need to check the market’s urge for food for different cryptocurrencies after the blockbuster success of Bitcoin ETFs debuted in early 2024 and respectable wins for funds tied to Ethereum, which launched months later.
The Trump administration has pledged to ease rules on crypto, sparking a wave of optimism as asset managers file for a flurry of crypto ETFs, starting from ones that monitor SOL to main memecoin Dogecoin (DOGE) and Ripple’s XRP.
Outstanding ETF analysts have given a 95% chance that the SEC will approve the Solana ETF filings by the tip of this yr. The Fee’s closing deadline to greenlight these funding automobiles is October 10. All Solana ETFs will probably launch concurrently to keep away from giving one a first-mover benefit.
SOL was priced at $157.05 at publication time, reflecting a 3.6% achieve over the past 24 hours.
