The first cryptocurrency staking ETF in the US will debut on Wednesday, offering investors direct exposure to Solana (SOL) along with staking rewards.
Issuer REX Shares confirmed on Monday the launch of its REX-Osprey Solana and Staking ETF, just days after reports pointed to its imminent arrival.
The fund marks a milestone for institutional adoption of cryptocurrencies, as it combines spot SOL holdings with staking yield.
Its launch follows an updated prospectus and comments from the SEC on REX's novel C-Corp structure, which was previously a sticking point with regulators.
Although the SEC clarified in May that staking does not inherently violate securities laws, it has yet to give a definitive green light to staking ETFs, leaving the door open for further scrutiny.