SEC clears way for first Solana staking ETF
2025-07-04 05:41:27
Main Idea
The SEC has cleared the way for the first Solana staking ETF, set to launch on July 2, 2025, marking a significant step in providing traditional investors with passive exposure to Solana.
Key Points
1. The SEC informed REX Shares and Osprey Funds it had 'no further comments' on their Solana staking ETF filing, signaling approval.
2. The ETF, titled the REX-Osprey Solana and Staking ETF, is structured under the Investment Company Act of 1940 using a C-corporation format, enabling staking income distribution.
3. This ETF lowers the barrier for traditional investors to gain passive Solana exposure, setting a precedent for future Ethereum-staking ETFs.
4. Analysts noted the 'unique' C-corp format bypasses typical regulatory hurdles, and the SEC's approval suggests a roadmap for similar products.
5. Solana's price rose 5.7% following the news, and Robinhood launched its own in-app SOL staking service for retail investors.
Description
REX and Osprey prep to launch their Solana staking ETF
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