The launch of the first Solana ETF in the United States is scheduled for July 2, 2025. Rex-Osprey, an asset management firm, has announced the debut of its REX-Osprey™ SOL + Staking ETF ($SSK), a groundbreaking product that combines exposure to Solana (SOL) with staking rewards.
Rex-Osprey’s Solana ETF operates as a C-corp ETF. This structure allows the fund to bypass the regulatory hurdles faced by spot ETFs while offering investors access to Solana’s price movements and staking benefits.
Approximately 40% of the fund’s assets will be allocated to staking SOL, generating additional returns that are subject to income tax before distribution to investors. The fund’s management fee is set at 0.75%, though effective costs may be higher due to tax implications.
Key features of the Solana ETF
- Direct Exposure: Tracks the price performance of Solana (SOL), a high-performance blockchain known for its scalability.
- Staking Rewards: Allocates 40% of assets to staking, providing investors with passive income opportunities.
- C-corp Structure: Enables faster market entry by avoiding the SEC’s rigorous spot ETF approval process.
- Tax Considerations: Staking profits are taxed at the fund level, potentially impacting net returns.
The launch follows Rex-Osprey’s successful navigation of SEC requirements, positioning the firm as a pioneer in offering a staking-enabled Solana ETF. Industry analysts view this as a strategic move to capture growing interest in Solana, especially as the SEC continues to evaluate spot ETF proposals for altcoins.
However, caution persists due to the modest $22 million in assets attracted by existing Solana futures ETFs, signaling limited institutional interest so far. The absence of major players like BlackRock in the Solana ETF space also raises questions about long-term adoption.
Despite these challenges, market sentiment remains optimistic, with Solana’s price rising slightly to around $150-$153. Experts estimate a 95% likelihood of spot Solana ETFs receiving SEC approval in 2025, placing Solana alongside Litecoin and XRP as frontrunners.
The launch of this first Solana ETF underscores the growing integration of cryptocurrencies into mainstream finance, offering investors a new avenue to engage with Solana’s ecosystem.
Keep following this launch for the future of Solana ETFs.
Don’t forget to learn mỏe about the Solana blockchain on our blog and head to MevX to explore trending Solana meme coins!
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