REX Solana ETF Debuts with $33M Volume as DFDV Expands SOL Exposure
Published at：2025年07月03日 14:24
Views：503
Solana gained substantial institutional traction this week through two landmark developments: the successful U.S. trading launch of the REX-Osprey Solana + Staking ETF and Defi Development Corp's (DFDV) $112.5 million capital raise to bolster its Solana holdings.
The pioneering REX ETF, structured under the rigorous Investment Company Act of 1940, achieved $33 million in first-day trading volume - making it the first U.S.-listed crypto ETF to offer native staking rewards. Simultaneously, DFDV announced an upsized $112.5 million convertible note offering to fund additional SOL acquisitions and share repurchases, signaling growing institutional confidence in Solana's regulated finance potential.
REX-Osprey's ETF Breakthrough
The REX-Osprey Solana + Staking ETF (ticker: SSK) made history as the first spot Solana staking ETF on a U.S. exchange, with Bloomberg analysts noting its $33 million debut volume exceeds typical niche product expectations. Unlike standard crypto ETFs filed under the 1933 Act, this 1940 Act-compliant product meets elevated custody standards through Anchorage Digital - the only federally chartered crypto bank authorized for staking operations.
"This represents the next evolution of crypto ETFs," stated Anchorage CEO Nathan McCauley, highlighting the fund's unique monthly distribution of 100% staking yields to investors. The structure bridges DeFi mechanics with traditional finance, appealing to institutions seeking regulated exposure to on-chain yields.
Regulatory Crossroads
Despite the ETF's strong start, regulatory uncertainty persists. The SEC placed a newly approved Grayscale ETF under review on the same day, underscoring ongoing deliberation about crypto investment products. The REX-Osprey model could establish a template for future staking-based ETFs if sustained inflows materialize.
DFDV's Strategic Pivot
The Nasdaq-listed firm (formerly Janover) continues its crypto transformation with a $112.5 million raise - including a 5.5% yielding convertible note with equity options at a 10% premium. Proceeds will expand DFDV's SOL treasury and execute share buybacks, building on its recent $5 billion equity line of credit. Despite shares dipping 12% on the news, DFDV maintains a 3,500% gain since adopting its Solana-centric strategy.
Market analysts view these parallel developments as evidence of Solana's maturing institutional profile, combining blockchain-native functionality with compliant financial structures.
The pioneering REX ETF, structured under the rigorous Investment Company Act of 1940, achieved $33 million in first-day trading volume - making it the first U.S.-listed crypto ETF to offer native staking rewards. Simultaneously, DFDV announced an upsized $112.5 million convertible note offering to fund additional SOL acquisitions and share repurchases, signaling growing institutional confidence in Solana's regulated finance potential.
REX-Osprey's ETF Breakthrough
The REX-Osprey Solana + Staking ETF (ticker: SSK) made history as the first spot Solana staking ETF on a U.S. exchange, with Bloomberg analysts noting its $33 million debut volume exceeds typical niche product expectations. Unlike standard crypto ETFs filed under the 1933 Act, this 1940 Act-compliant product meets elevated custody standards through Anchorage Digital - the only federally chartered crypto bank authorized for staking operations.
"This represents the next evolution of crypto ETFs," stated Anchorage CEO Nathan McCauley, highlighting the fund's unique monthly distribution of 100% staking yields to investors. The structure bridges DeFi mechanics with traditional finance, appealing to institutions seeking regulated exposure to on-chain yields.
Regulatory Crossroads
Despite the ETF's strong start, regulatory uncertainty persists. The SEC placed a newly approved Grayscale ETF under review on the same day, underscoring ongoing deliberation about crypto investment products. The REX-Osprey model could establish a template for future staking-based ETFs if sustained inflows materialize.
DFDV's Strategic Pivot
The Nasdaq-listed firm (formerly Janover) continues its crypto transformation with a $112.5 million raise - including a 5.5% yielding convertible note with equity options at a 10% premium. Proceeds will expand DFDV's SOL treasury and execute share buybacks, building on its recent $5 billion equity line of credit. Despite shares dipping 12% on the news, DFDV maintains a 3,500% gain since adopting its Solana-centric strategy.
Market analysts view these parallel developments as evidence of Solana's maturing institutional profile, combining blockchain-native functionality with compliant financial structures.
Related Tags
Solana
ETF
Staking
Institutional investment
Regulation