REX-Osprey First US Solana Staking ETF wey get 100% JitoSOL Rewards
REX-Osprey don launch dia SEC-approved Solana Staking ETF for July 2, 2024, wey be di first US crypto ETF wey dey distribute 100% of SOL staking rewards direct to shareholders through JitoSOL integration. Di fund dey use liquid staking through JitoSOL to keep continuous liquidity and generate native yield, reach $222 million trading volume and over $100 million assets wey dem dey manage. CEO Greg King talk say no staking rewards dey keep by issuer. Di ETF dey offer regulated brokerage access to Solana staking without private-key management, and e benefit from Jito's MEV strategies, Solana's high throughput, low fees, and Proof of History consensus. Even though dis innovation fit set new standard for proof-of-stake asset ETFs and fit attract institutional interest, traders suppose consider di risks like market volatility, regulatory changes, variable staking yields, and smart contract vulnerabilities.
Bullish
Di di first U.S. Solana Staking ETF wey get 100% direct JitoSOL rewards fit make new capital flow enter SOL. By comot issuer-retained rewards plus dey offer regulated, liquid staking through familiar brokerage accounts, dis product dey reduce wahala for institutional and retail investors. Jito’s MEV strategies plus Solana’s network efficiency go still increase better yield chance, supporting positive market feeling. For short term, growing AUM and trading volume fit boost demand for SOL. For long term, di ETF fit set up sustainable yield-bearing investment way, make Solana dey attractive and make price still dey go up steady despite market volatility.