Although SOL has not yet passed the spot ETF
But it should be soon
Damn, I'm struggling with whether to do it or not
Swap the spicy chicken $ETH for a great $SOL 😐
$SOL didn't pass through spot ETFs, at least not yet.
On June 28th, the REX-Osprey Solana Staking ETF was indeed passed, and to see clearly, first of all, the time was June 28th, which was last Saturday.
Secondly, there are essential differences between REX-Osprey Solana Staking ETF and SOL spot ETF in the traditional sense in terms of structure, income source, risk exposure, etc.
To put it bluntly, the SOL spot ETF helps you legally hold SOL, while the REX-Osprey staking ETF helps you legally hold SOL while helping you stake on the chain to earn interest.
At first glance, the REX-Osprey Solana Staking ETF will be better, but in fact, the biggest difference is that the spot ETF is a more open market and will have better liquidity, while the REX-Osprey Solana Staking ETF is similar to when Grayscale did not launch a spot ETF, and the liquidity will be greatly constrained.
The REX-Osprey Solana Staking ETF is more of a transitional version of a spot ETF. Before the spot ETF is officially approved, it provides a tool to legally and compliantly hold SOL and take on-chain returns.
But in essence, its liquidity, valuation proximity, and bid-ask spread still cannot be compared with spot ETFs in the true sense.
This tweet is sponsored by @ApeXProtocolCN|Dex With ApeX
4.84K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.