Solana Staking ETF Bags $12M in Wall Street Debut
The Rex-Osprey Solana + Staking ETF generated $12 million in first-day inflows during its Wall Street debut, marking a significant milestone for crypto investments in the U.S. This fund offers exposure to Solana while allowing investors to earn yield through staking at least half of its assets, a first in U.S. markets. Anchorage Digital is safeguarding the ETF's digital assets and facilitating staking, reinforcing the potential benefits of staking ETFs for consumers. Analysts anticipate that the SEC will approve several additional crypto-focused ETFs this year, indicating a growing embrace of digital assets among institutional investors. The ETF experienced robust trading activity, with $33.6 million in trading volume reported by Nasdaq shortly after its launch. This innovation is viewed as a turning point in the narrative of crypto ETFs and could pave the way for broader acceptance and integration of digital currencies into mainstream finance.
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