REX-Osprey has unveiled plans to launch the first U.S. Solana Staking Exchange-Traded Fund (ETF), offering investors direct exposure to Solana (SOL) alongside on-chain staking rewards. This initiative represents a significant milestone in regulated cryptocurrency yield products.
The ETF leverages a C-corporation structure under the Investment Company Act of 1940, strategically bypassing prolonged Securities and Exchange Commission (SEC) approval processes. This regulatory approach avoids direct SEC scrutiny of staking mechanisms while enabling expedited market access and providing 24/5 liquidity through traditional exchanges.
Solana’s market price rose approximately 4% following the announcement, reflecting investor enthusiasm for regulated yield-bearing crypto investment vehicles. The development establishes a precedent for future cryptocurrency asset management products and may influence pending Solana ETF applications from other financial institutions seeking similar regulatory pathways.