Thomas Daniels
REX Shares is set to launch the first U.S.-based cryptocurrency ETF with staking capabilities on July 2, offering investors direct exposure to Solana (SOL) alongside staking-generated yield.
The REX‑Osprey SOL + Staking ETF, officially confirmed on Monday, uniquely combines spot SOL holdings with on-chain staking income. This could mark a significant step forward in institutional adoption of digital assets.
The ETF operates under a C-corporation structure regulated by the Investment Company Act of 1940, enabling it to bypass traditional 19b‑4 filing constraints. Bloomberg analysts have noted the structure is rare, suggesting that all SEC concerns have been addressed, paving the way for its official rollout.
Following the announcement, the price of Solana surged approximately 6% to $158, representing a 12% increase over the past week. Despite this rally, SOL remains around 46% below its all-time high recorded in January. At current valuations, Solana’s market capitalization stands at approximately $83.5 billion, ranking it as the sixth-largest cryptocurrency globally.
Market analysts believe this ETF could trigger a broader “altcoin summer,” potentially spurring the introduction of additional staking-enabled funds. Solana is expected to lead this movement, with multiple asset managers already preparing similar altcoin-focused ETFs.
Solana’s momentum also extends to the decentralized finance sector, where its decentralized exchange (DEX) volumes have recently surpassed those of Ethereum. Protocols such as Raydium, Pump.fun, and Orca have played key roles in driving this surge in activity.
