A glorious day for Solana, as a stakable US Solana ETF may launch this week.
Bloomberg analyst James Seyffart tweeted that a stakable SOL spot ETF may go live this week. Previously, REX Shares announced the upcoming launch of the first stakable crypto ETF in the United States - the REX-Osprey SOL+Staking ETF.
According to REX Shares' plan, its Solana and ETH ETFs will invest at least 80% of their assets in the corresponding cryptocurrencies, with at least 50% allocated for on-chain staking.
Timeline Review:
BTC ETF announced SEC approval on January 10, 2024
ETH ETF announced SEC approval on July 23, 2024, but stakable options have yet to be approved.
Additionally, a Solana ETF with staking actually launched in Canada back in April of this year. The image below shows the situation of the Canadian SOLANA spot ETF.
Bloomberg analyst James Seyffart tweeted that a stakable SOL spot ETF may go live this week. Previously, REX Shares announced the upcoming launch of the first stakable crypto ETF in the United States - the REX-Osprey SOL+Staking ETF.
According to REX Shares' plan, its Solana and ETH ETFs will invest at least 80% of their assets in the corresponding cryptocurrencies, with at least 50% allocated for on-chain staking.
Timeline Review:
BTC ETF announced SEC approval on January 10, 2024
ETH ETF announced SEC approval on July 23, 2024, but stakable options have yet to be approved.
Additionally, a Solana ETF with staking actually launched in Canada back in April of this year. The image below shows the situation of the Canadian SOLANA spot ETF.
