The first Solana Staking ETF will start trading on July 2
ChainCatcher news, the first Solana staking ETF (REX-Osprey Solana + Staking ETF, trading code $SSK) will begin trading on July 2. This ETF not only provides spot investment opportunities in Solana (SOL) but also captures native staking yields through a unique regulatory structure, differing from traditional ETFs. It operates as a Class C company, circumventing regulatory challenges related to staking, and offers investors a compliant way to earn staking yields. The issuance is coordinated with the SEC and may set a precedent for similar products on other PoS blockchains.
The price of Solana has risen over 5% due to expectations of the ETF listing, but it faces resistance from SOL unlocking and token sell-off pressures. The launch of this ETF represents regulatory and structural innovation, and its success could lead to more applications related to PoS networks, pushing digital assets into mainstream portfolios and blurring the lines between on-chain and off-chain finance.