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- Solana ETF hits $222M volume in just two weeks.
- Investors eye staking rewards as Solana ETF gains momentum.
- REX Osprey Solana ETF offers yield through onchain staking model.
The REX Osprey Solana ETF has surpassed $222 million in trading volume just two weeks after launching on July 2. This strong performance reflects rising investor demand for alternative crypto-based investment products beyond Bitcoin and Ethereum.
This fund has had $69.7 million of net inflows and one day of recorded outflows so far. Although it has a 0.75 per cent management fee, the ETF has sustained interest from retail and institutional investors.
The ETF will play on Solana, a high-velocity blockchain with low transaction fees and a well-designed network. Nevertheless, the market is seeing not only the asset but also the structure of the fund.
Unique Staking Model Draws Investor Interest
In contrast to Bitcoin ETFs, whose assets roughly comprise the underlying asset only, this Solana ETF has onchain staking built into its structure. Staking enables the fund to block SOL tokens and receive validator rewards using Solana’s proof-of-stake.
This model brings in a second channel of possible returns other than price appreciation. Investors gain network yield earned by participating in the network, which is not possible in a conventional crypto ETF.
REX Osprey enlisted Anchorage Digital to manage the staking and custody services. Anchorage is a federally chartered crypto bank based in the United States, which will serve as the qualified custodian to the ETF.
The collaboration will ensure that the management of all assets and staking activity is done in conformance with regulatory standards. It also aids in the secure control of onchain assets, with institutional trust in the product.
At the same time, Bitcoin and Ethereum ETFs have attracted more than $3 billion and $1 billion of inflows, respectively, over the same period. Nevertheless, Solana’s exemplary performance demonstrates that investors also seek diversified and interest-bearing crypto opportunities.
By combining exposure to a fast-growing blockchain with staking rewards, the ETF offers a new investment structure. This may change the way new digital asset ETFs will be constructed and offered to the market.
Holding more than $222 million in volume, the REX Osprey Solana ETF presents a distinctive staking model that is attracting increasing attention. It has been one of the outstanding players in the emerging crypto investment market.
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