Solana (SOL) surged about 5 % Monday morning on mounting excitement around the impending debut of a SOL Staking ETF from REX Shares and Osprey Funds—now rumored to begin trading as early as this Wednesday. Though the token pulled back slightly, it still stands up roughly 2.3 % in the past 24 hours, hovering just above $157 at publication time.
Osprey has confirmed via CoinDesk that the fund is slated to “launch Wednesday,” echoing an earlier update from an automated X (formerly Twitter) feed. Just last week, REX Shares submitted a letter to the SEC indicating that all regulator queries on their filing had been resolved—and soon after, they teed up a teaser post calling the ETF “coming soon”.
Why all the buzz? This would become the first-ever U.S. Solana ETF to incorporate staking rewards—a dual-exposure product tracking SOL’s price while delivering on-chain yield. Unlike traditional spot-crypto ETFs filed via 19b-4, REX-Osprey is using a savvy workaround: registering under the Investment Company Act of 1940 through a C-Corp structure. This avoids SEC bottlenecks tied to staking, signaling a regulatory shift.
Industry heavy hitters are taking notice. ETF analyst Eric Balchunas says REX’s updated prospectus “totally filled in” missing details, making it look like “all systems go for imminent launch”. ETF Store’s Nate Geraci chimed in, “Looks like they’re comfortable pushing forward with their creative ‘40 Act structure,’” marking it the tip-off for a new wave of staking-included crypto funds.
Market reaction? Solana shot above $160 in minutes, with prices briefly hitting that mark before settling back near $157. These moves underscore strong investor appetite for a regulated, yield-bearing crypto vehicle.
On the horizon: eager eyes watch other issuers—like VanEck and 21Shares—still awaiting SEC sign-offs on spot SOL ETFs, many of which could follow suit if this staking-first model proves successful.
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