New Solana ETF Combines Direct Holdings With Staking Rewards
While most crypto ETFs just track prices, one new fund actually decided to put its holdings to work. Launched Jul. 2, the REX-Osprey SOL + Staking ETF is the first spot Solana ETF to both price exposure and staking rewards — dubbed “the next chapter in the crypto ETF story.”
- Launched in 2020,SOL’s $80.7B market cap sits sixth behindBNB,XRP,USDT, and of courseETH, plusBTC — differentiating itself from the latter two by processing transactions 2x and 10,000x faster, respectively.
- With $33M in first-day volume, the fund now manages $12M+ in assets — commanding a 1.40% fee amid its more rigorous securities guidance.
Yield advantage: Built on a “proof-of-stake” mechanism to validate transactions, Solana rewards investors who lock up funds in a process known as “staking.” As such, the fund stakes 100% of itsSOL holdings and passes all rewards to investors via monthly dividends, eliminating technical headaches. Without an SEC yield, exact payout rates remain TBD, but peers suggest mid-to-high single digits. Think of it as crypto’s answer to a high-yield savings account — a highly volatile one.