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First U.S. Solana Staking ETF to Launch July 2, Pushing SOL Up 4.5%

  • Rex Shares and Osprey Funds are launching the first-ever US Solana ETF that directly owns SOL and passes staking rewards on to investors.
  • The ETF is structured as a C-corporation under SEC rules, providing direct exposure to Solana’s staking yield while complying with regulations.
  • Several Solana-focused ETFs are in the regulatory pipeline, with expectations of approval within the next few months, potentially impacting the altcoin market.
  • The launch of the Solana ETF may shed light on Ethereum's ETF performance and highlight the significance of staking rewards in attracting institutional investors.

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