$SOL Staking #ETF Debuts With $33 Million First-Day Volume


#REX-Osprey's groundbreaking $SOL staking #ETF generated $33 million in trading volume during its Wednesday launch.


The fund closed its first day with $1 million in assets under management, according to Bloomberg #ETF analyst Eric Balchunas.


Unlike typical #crypto ETFs, this product operates under the Investment Company Act of 1940, requiring more stringent regulatory oversight.


Anchorage Digital serves as custodian, being the only federally regulated bank authorized to both custody and stake digital assets.


Balchunas expects the fund's assets to reach $10 million by Thursday based on strong initial #trading activity.


CEO Nathan McCauley called the launch "the next chapter in the crypto ETF story" for institutional access.


The SEC continues to review other staking ETF applications, with Wednesday's approval potentially setting a precedent for future products.

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July 03, 2025 at 9:45 AM
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