Solana Staking ETF Bags $12M in Wall Street Debut
The post Solana Staking ETF Bags $12M in Wall Street Debut appeared on BitcoinEthereumNews.com.
In brief The Rex-Osprey Solana + Staking ETF generated $12 million in first-day inflows, a spokesperson for REX Shares and Osprey Funds said. With staking, the fund’s debut represents a new chapter for crypto in the U.S., according to Anchorage Digital co-founder and CEO Nathan McCauley. The SEC is expected to approve other crypto-focused ETFs this year. The first exchange-traded fund offering investors exposure to Solana in the U.S. generated $12 million worth of investments in its Wall Street debut on Wednesday, a REX Shares and Osprey Funds spokesperson told Decrypt The Rex-Osprey Solana + Staking ETF, which also offers investors yield by staking at least half of the fund’s assets—another first for U.S. markets—registered $33.6 million in trading volume, per Nasdaq data. “[The ETF’s] day 1 trading volume was 82% less than what one would’ve expected based on the SOL/BTC market caps,” Bitwise Senior Investment Strategist Juan Leon told Decrypt. “This lack of appetite shows institutional investors are still very early in their understanding of SOL.” Solana was recently changing hands around $153, a 4.6% increase over the past 24 hours, according to crypto data provider CoinGecko. The asset’s price has fallen 48% since it hit $293 in January, not long after the debut of U.S. President Donald Trump’s meme coin. Although the U.S. Securities and Exchange Commission is expected to approve several crypto-focused ETFs this year, Wednesday’s debut represents a new chapter “in the crypto ETF story,” Anchorage Digital co-founder and CEO Nathan McCauley said in a statement. As the only U.S. federally chartered digital asset bank, Anchorage is safeguarding the ETF’s digital assets, while using its platform to stake the Solana. McCauley said that Anchorage’s innovation would hopefully translate to other products. “The launch of crypto staking ETFs marks a win for consumers and a significant…
Filed under: News - @ July 4, 2025 1:28 am