The first Solana ETF, REX-Osprey SOL and Staking ETF, is now available on the Cboe BZX. It offers exposure to Solana, a significant cryptocurrency with an $81 billion market cap. The ETF not only tracks Solana's price but also provides a variable monthly dividend of 7.3%. Following its launch, the price of Solana increased by 2%, and the ETF saw inflows of approximately $20 million within hours. This introduces a new investment opportunity for retail investors, especially as traditional brokers limit access to cryptocurrency exchanges.
The debut of the REX-Osprey SOL and Staking ETF on Cboe BZX marks the growing appeal of cryptocurrency ETFs for retail investors, allowing them access to Solana.
Managed by REX Financial and Osprey Funds, the fund tracks Solana's price and offers a 7.3% variable monthly dividend to its holders.
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