REX Shares is set to launch the first US staked cryptocurrency exchange-traded fund (ETF) on Wednesday, permitting investors to gain direct exposure to Solana (SOL) and earn yields through staking. This launch follows an updated prospectus and positive feedback from the US Securities and Exchange Commission (SEC), which had previously raised concerns regarding the unique C-Corp business structure of the fund. Despite recent rallies in Solana’s price—climbing 6% to around $158—SOL remains significantly below its all-time high. The fund is anticipated to enhance institutional adoption of cryptocurrencies, as the approval of Solana ETFs may signal further acceptance of altcoin-focused funds. Analysts suggest that Solana is likely to be a frontrunner in this emerging trend, especially with its growing influence in decentralized exchanges (DEX). Overall, this launch could mark a pivotal moment for both SOL and the broader crypto market.

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