SOL is not available through a spot ETF, at least not yet!

$SOL has not passed the spot ETF, at least not yet. On June 28, the REX-Osprey Solana Staking ETF was indeed passed. First of all, the date is June 28, which is last Saturday. Secondly, the REX-Osprey Solana Staking ETF and the traditional SOL spot ETF are fundamentally different in structure, source of income, risk exposure, etc. In layman's terms, the SOL spot ETF helps you legally hold SOL, while the REX-Osprey pledged ETF helps you legally hold SOL while helping you stake on the chain to get 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 with better liquidity, while the REX-Osprey Solana Staking ETF is similar to the time when Grayscale did not launch the spot ETF, and the liquidity will be greatly restricted. The REX-Osprey Solana Staking ETF is more like a transitional version of the spot ETF. Before the spot ETF is officially approved, it provides a tool for legally and compliantly holding SOL and taking on-chain income. But in essence, its liquidity, valuation closeness, and bid-ask spreads are still not comparable to the real spot ETF. This tweet is sponsored by @ApeXProtocolCN｜Dex With ApeX

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learned

I asked around in the group yesterday, but no one explained it to me clearly. It was Ni Da who explained it clearly. Thanks