The first staking-based cryptocurrency exchange-traded fund (ETF) in the United States will be officially launched this Wednesday. The product is expected to significantly expand digital asset accessibility in traditional financial markets by offering investors the opportunity to hold Solana (SOL) while simultaneously earning returns through staking.
The product name is 'REX-Osprey Solana and Staking ETF', with REX Shares officially announcing the launch schedule. This comes just two days after CoinTelegraph reported the possibility of this ETF. REX Shares has actively consulted with the U.S. Securities and Exchange Commission (SEC) over the past few months and raised the approval possibility by adjusting the C-Corp structure, which had previously been criticized for conflicting with existing ETF regulations.
This ETF goes beyond simply tracking Solana's spot price (SOL), actually providing investors with an additional value of *securing returns* through on-chain staking. Experts assess that this structure significantly lowers the investment barriers for institutional investors and can serve as a foundation for future diverse staking-based financial products.
In May, the SEC issued an interpretation that protocol-based staking does not violate securities laws. However, they have not yet clarified their position on ETF products utilizing staking. Nevertheless, the launch of this REX product is expected to function as a signal that market pioneering is possible even amid regulatory uncertainty.
Meanwhile, this ETF launch is expected to draw attention to the Solana network. As cryptocurrency-based financial product acceptance expands worldwide, this U.S. case can also create significant ripple effects in the global market. The emergence of staking-based ETFs appears to be a turning point that formally highlights the potential of digital assets as *revenue-generating investments*.
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