🚀⚡The first SOL Staking ETF SSK is for Trading ! Are you ready?
U.S. financial services firm REX Shares announced on Monday that the first cryptocurrency staking ETF will be listed on the U.S. stock market this Wednesday under the ticker symbol "." $REX-OSPREY SOL + Staking ETF(SSK)$ The ETF will have a management fee of 0.75 percent. It means a big progress in the cryptocurrency market.
Different Return Form
Unlike existing $Bitcoin(BTC.USD.CC)$ and $Ethereum(ETH.USD.CC)$ ETFs, staking ETFs do more than just hold and track cryptocurrencies. They also generate income by deploying some of the tokens for staking, which yields additional earnings known as on-chain staking rewards. As a result, cryptocurrency staking ETFs can offer higher returns and provide a more convenient way for common investors to participate in the cryptocurrency market.
Legislation Progress
Some U.S. regulators believe that many tokens do not qualify as securities under U.S. law, meaning they are not subject to oversight by the SEC. After several rounds of negotiations, the regulator and the fund issuer reached a compromise: the SSK ETF will allocate at least 40% of its assets to other securities products, such as ETFs or ETPs.
From my perspective, the approval of the new SOL Staking ETF signifies the accelerated integration of cryptocurrency with the traditional U.S. stock market. It demonstrates that there are significant investment opportunities within the cryptocurrency market. The bullish sentiment surrounding COIN $Coinbase Global, Inc.(COIN)$ , CRCL $Circle Internet Corp.(CRCL)$ , and HOOD $Robinhood(HOOD)$ has already highlighted the potential high returns. It is evident that more financial innovation tools for cryptocurrency will be developed.
In the end, I post a picture concluding all kinds of asset returns in the last 14 years, and it will inspire confidence in digital assets..🔥🚀Hope to see the performance of new SOL Staking ETF today.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
