REX Shares, an investment firm with just over $5 billion in assets under management (AUM) in 2024, has launched a Solana Staking ETF. This decision puts REX Shares in a very competitive field. Industry behemoths such as BlackRock are at the forefront with a staggering AUM of $11.5 trillion.

The Solana Staking ETF recently went live, a huge moment for REX Shares as they hope to make their mark in the early, competitive world of cryptocurrency investment. The ETF’s upcoming launch created an immediate frenzy. Within the first 20 minutes of trading, it created more than $8 million in volume!

This latest launch of REX Shares’ Solana ETF comes on the heels of Solana having a “no objection” letter from the Securities and Exchange Commission (SEC). This is a marked change from the typical “S-1 ‘33 Act Spot ETF” approval process. The ETF launched only days after Eric Balchunas, a Bloomberg ETF analyst, suggested that a Solana Staking ETF would be the first to launch. This timing created a perfect storm of excitement in the market.

"Healthy." - James Seyffart, Bloomberg

Since the announcement of the launch of the Solana Staking ETF, these discussions have been booming in the financial community. Even markets like Polymarket are abuzz with speculation and arguments over its possible effects. REX Shares, the issuer, wants to provide investors access to Solana staking rewards. They do it through an incredible, innovative financial product.

The introduction of the Solana Staking ETF has ignited discussions within the financial community, extending even to betting markets like Polymarket, where opinions on its potential impact are being actively debated. REX Shares, as the issuer, aims to provide investors with exposure to Solana staking rewards through this innovative financial product.