A groundbreaking Solana-focused exchange-traded fund (SOL Staking ETF) achieved $8 million in trading volume within the first 20 minutes of its market debut. Co-managed by REX Shares and Osprey Funds, the ETF uniquely integrates staking rewards to enable passive income generation from Solana (SOL) holdings.
This innovative structure merges traditional ETF advantages with cryptocurrency staking mechanics, allowing investors to gain exposure while automatically accruing yield. The introduction marks a novel approach within the cryptocurrency ETF landscape, differentiating itself through built-in staking functionality.
Following the ETF’s launch, Solana’s price demonstrated noticeable upward momentum, contributing positively to its overall market capitalization. This heightened investor interest underscores growing confidence in blockchain-centric investment vehicles.
Financial experts highlighted the product’s industry significance, with Bloomberg ETF analyst James Seyffart noting its promising start and potential market impact. The Solana Staking ETF aims to accelerate institutional adoption by offering streamlined exposure to staking rewards without direct asset management.