REX Shares announced the launch of the first Solana stake ETF in the U.S. "listing on Wednesday," with SOL approaching 160 dollars at one point.

REX Shares announced that it will launch the first Solana staking crypto ETF in the U.S. on Wednesday, U.S. time, combining SOL price exposure with on-chain staking returns. (Background: The founder of Bridgewater Capital warns that the corporate bond buying craze for BTC will eventually fade, and excessive speculation may backfire on Bitcoin.) (Additional context: From "The Wolf of Wall Street" to Bitcoin missionaries, the founder of Bridgewater Capital warns of the sweet trap of the Trump effect.) Last week, the U.S. Securities and Exchange Commission (SEC) responded to REX Shares' application for the SOL Ethereum staking ETF (code SSK) with "no further comment," after which REX Shares announced at midnight today (1st) on X that it will launch the first staking crypto ETF in the U.S., titled "REX-Osprey SOL + Staking ETF," this Wednesday. This product aims to track the market performance of Solana (SOL) and generate returns through on-chain staking mechanisms. If the official announcement comes true, it will be the first crypto ETF in the U.S. that combines staking returns. Coming Wednesday: The First-Ever Staked Crypto ETF in the U.S.! Introducing the REX-Osprey SOL + Staking ETF, designed to track the performance of Solana while generating yield through on-chain staking. SOL exposure Staking rewards A new era of yield-generating… pic.twitter.com/YwJaqdmnHp — REX Shares (@REXShares) June 30, 2025. Institutional entry channels, retail investors lowering barriers. A compliant staking ETF can create a convenient channel for institutions to participate in PoS returns and also allow retail investors to obtain staking rewards through brokerage accounts, eliminating the need for self-operation and private key management. ETF Store President Nate Geraci stated earlier that a successful listing will "catalyze staking ETFs to become the new mainstream." When the news broke, SOL surged close to $160; however, selling pressure soon emerged, and as of the time of writing, it was reported at $153.87. Next, we are waiting to see if it really goes live on Wednesday and how well institutions and retail investors accept the product. Bloomberg analysts: LTC, XRP… ETFs are also close. Bloomberg ETF strategist Eric Balchunas, who has accurately predicted most forecasts for a long time, also posted on X this morning, updating the likelihood of crypto ETFs expected to be approved in the second half of this year. The probabilities for SOL, LTC, and XRP crypto ETFs are as high as 95%; for DOGE, ADA, DOT, and other alts, the high probability is also 90%. Here are mine and @EricBalchunas' most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025. pic.twitter.com/H3pxJhqMy3 — James Seyffart (@JSeyff) June 30, 2025. Related reports: Sol Strategies applies for NASDAQ listing "code STKE": Accelerating Solana layout and staking scale. "Trump-branded phone" binds to crypto: is it a self-serving money printing machine, or a wealth code imitating Solana? The founder of Solana criticized "1 billion dollars ADA exchanged for Bitcoin" as too foolish, and Hoskinson responded after several days of silence to the article "REX Shares announces the first Solana staking ETF in the U.S. 'Listing on Wednesday,' SOL once approached $160." This article was first published in BlockTempo, the most influential blockchain news media.