Solana Price Surges as First US Staking ETF Set to Launch
On Monday afternoon, Solana (SOL) experienced an impressive price rally. This pump occurred just before the anticipated launch of the first U.S. staked crypto ETF scheduled for Wednesday. This groundbreaking new financial product will help investors gain exposure to Solana (SOL) while earning yield by staking. The successful launch follows a positive response from the U.S. Securities and Exchange Commission (SEC). They signal excitement about the distinct REX Shares C-Corp biz structure.
REX Shares announced on Monday the launch of the Solana (SOL) and Staking ETF. REX Shares have released an ETF that allows investors to gain access to the Solana network. In return for staking, they are rewarded with amazing prizes.
According to CoinMarketCap, Solana (SOL) has a market cap of $83.5 billion, which ranks it as the sixth-largest cryptocurrency in the market. Regardless, the long-awaited launch of this ETF is a high-profile milestone for Solana. It sounds like a great new opportunity for investors to dip their toes into digital assets and the cryptocurrency ecosystem at large.
The ETF has now officially launched! This follows REX’s recent update of its prospectus and receiving a positive review from the US Securities and Exchange Commission (SEC) on its new business structure as a unique C-Corp. The US Securities and Exchange Commission (SEC) had previously argued that REX's C-Corp business structure conflicted with the so-called ETF rule.
Solana (SOL) could be one of the best performing assets in the recent bull run. It’s nevertheless 46% artless its all-time top hit in January, according to CoinGecko data. Anticipation around the ETF launch quickly became fever pitch. Rumors suggested its near-term arrival as recently as two days before REX Shares made their announcement.
Bloomberg analysts see a threefold increase in chances of US crypto ETFs getting approved. They calculate these odds to be ‘90% or greater’. This can-do, optimistic outlook is concurrent on the rise. The introduction of the REX-Osprey Solana and Staking ETF is a key indicator of acceptance and growing integration of cryptocurrencies into mainstream financial products.
Lee Chia Jian
Blockchain Analyst
Lim Wei Jian blends collectivist-progressive values and interventionist economics with a Malaysian Chinese perspective, delivering meticulous, balanced blockchain analysis rooted in both careful planning and adaptive thinking. Passionate about crypto education and regional inclusion, he presents investigative, data-driven insights in a diplomatic tone, always seeking collaborative solutions. He’s an avid chess player and enjoys solving mechanical puzzles.
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