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By Helene Braun|Edited by Nikhilesh De
Jun 30, 2025, 5:08 p.m.
Solana
jumped about 5% Monday morning amid rumors that a SOL Staking exchange-trade fund(ETF)by Rex Shares and Osprey Funds could start trading on the market as soon as Wednesday.
STORY CONTINUES BELOW
The token later fell back slightly, now trading up about 2.3% over the past 24 hours at $157 at press time.
A spokesperson for Osprey confirmed to CoinDesk that the “fund will launch Wednesday,” following a post on X by the automated headline account “Unfolded.”
Just last week, Rex filed a letter with the Securities and Exchange Commission (SEC) asking whether comments had been resolved for their filing. Later that day, the asset manager posted on X that the ETF was “coming soon,” suggesting that the SEC had no further comments.
The REX-Osprey SOL+Staking ETF would be the first of its kind in the U.S. Several issuers are still awaiting approval for a spot SOL ETF which would likely also include staking capabilities.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
