Solana Staking ETF Due To Take Off
The REX-Osprey SOL + Staking ETF launches Wednesday, marking the first US ETF to hold Solana (SOL) directly and offer staking rewards on at least 50% of its holdings.
Daily Updates:
A new cryptocurrency ETF is set to be launched from Wednesday this week, and will be the first such ETF in the US that will allow for staking.
The REX-Osprey SOL + Staking ETF will not just give exposure to the underlying asset it tracks, Solana, but will also allow investors earn staking rewards by deploying Solana tokens to help validate transactions on the network.
This marks a landmark change in the ETF space as it is not only the first ETF that will directly hold SOL tokens, but also the first ETF to offer staking in the US.