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#Tokenized U.S. Stocks#
The first exchange-traded fund (ETF) has been launched in the USA, which not only provides access to the Solana token (SOL) but also includes income from its staking. This product is called REX-Osprey SOL + Staking ETF, and essentially, it is the first regulated instrument in the country that combines price growth and regular income from participating in the network. By the way, the yield is about 8% per annum.
This is an important point: previously, such profitable strategies were mainly available only to retail investors through DeFi platforms. And now here you are, a regulated fund in the USA. This is a big step for institutional investors: now they can legally and conveniently enter Solana with income from products without violating SEC rules.
What is particularly interesting here is that the ETF is not built exactly like a classical fund, like those made by BlackRock. It is a hybrid between an American legal wrapper and an offshore structure through which staking occurs. This scheme was chosen to comply with the SEC's requirements, which hinted in May that it would allow staking within the ETF. And here is the first implementation.
From a technical point of view, it includes not only direct ownership of SOL but also investments in existing funds from Canada and Europe that hold Solana. That is, essentially, it is a "fund of funds," and even with a functioning income mechanism within the blockchain.
After the news, the Solana token even rose slightly to $160, but then it pulled back. In any case, this is not just a short-term hype, but possibly the beginning of a new chapter. Experts believe that this could attract big money into altcoins because there are now legitimate tools that go beyond Bitcoin and Ethereum.
This is also an important point for Solana: it is increasingly seen not as a speculative coin, but as an infrastructure with fast transactions, low fees, and active development in DeFi, NFTs, payments, and even the tokenization of real assets (RWA). ETFs with yields based on this network are a powerful signal for institutional players.
And now I think: if Solana has paved the way for such products, who is next? XRP? Avalanche? Or Ethereum with permissioned staking in a similar model?
Do you think the market is ready for a large influx of institutional money into altcoins through such ETFs?