SOLANA ETF Makes History as First U.S. Staking Fund Launches Wednesday

REX Shares has debuted the REX-Osprey Solana and Staking ETF, marking America's first staked cryptocurrency fund.

The fund provides direct exposure to $SOL while generating staking rewards for investors.

$SOL surged 6% to $158 following the announcement, extending weekly gains above 12%.

The approval signals potential institutional adoption and could trigger an "altcoin summer" with more funds expected.

Solana maintains its sixth-largest crypto status with an $83.5 billion market cap despite trading 46% below January highs.

This launch follows SEC approval of REX's unique C-Corp structure after initial regulatory concerns.

#StakingETF analysts expect more altcoin funds to follow Solana's #SolanaETF lead.