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Following the official announcement after the first announcement made by REX Shares, Solana (SOL) became the third cryptocurrency to receive spot ETF approval in the US after Bitcoin and Ethereum. However, what makes Solana special is that these ETFs also offer staking yields.
The new fund named REX-Osprey Solana and Staking ETF offers investors access not only to SOL price movements but also to on-chain rewards obtained through staking. Traditional investors will be able to invest in SOL through ordinary brokerage firms without needing to resort to crypto exchanges or complex technical operations, and they can achieve regular staking returns. The official exchange launch of the fund has been announced for July 2, 2025.
This ETF will operate under a special structure known as a "C-Corporation" both technically and legally. This structure allows staking returns to be transferred to investors seamlessly in terms of taxes and regulations. Unlike traditional crypto funds, this structure enables staking gains to be integrated into the ETF structure without the need for additional SEC approval processes.
According to Koch, this development could open a new chapter for Ethereum ETFs as well. Until now, staking, regulations, and tax complexities have been obstacles for many ETFs. However, the C-Corp model used in the Solana ETF could also be applicable for Ethereum in the future. Still, the longer lock-up periods and technical risks associated with the staking processes on the Ethereum network make this process more complicated. Therefore, for now, staking options are not included in Ethereum ETFs.
The SEC's approval of the Solana ETF, according to Koch, could increase institutional interest not only in Solana but in the entire altcoin sector. The SEC's silent approval of this ETF indicates that it is not fundamentally opposed to staking; however, it expects a compliant financial structure. This could pave the way for new ETF applications for other altcoin projects like Avalanche and Litecoin. #HotTopicDiscussion#