The first Solana Staking ETF – "REX-Osprey Solana + Staking ETF" – officially started trading on Wednesday and recorded approximately 33 million USD in trading volume on the first day, according to senior Bloomberg analyst Eric Balchunas.
This Solana Staking ETF currently manages around 1 million USD in assets and could increase to 10 million USD on the second trading day based on current volume.
Unlike Staking ETFs currently under SEC review, the current Solana Staking ETF is registered under the 1940 Securities Act – a stricter regulation requiring assets to be custodied by a qualified entity. REX-Osprey chose Anchorage Digital – the only federally licensed bank capable of custody and staking digital assets – as the custodian.
Anchorage CEO, Nathan McCauley, noted: "Staking is the next chapter in the crypto ETF story. This is a significant step in helping institutions access the digital currency market through a clear legal framework."
Although the SEC is considering simplifying the ETF approval process, a recent move – reviewing the approved Grayscale ETF – indicates that the agency remains cautious about loosening listing standards.
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The article Solana Staking ETF records 33 million USD in first trading day first appeared on CoinMoi.
