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The new SOL Spot ETF will be launched this Wednesday, with a total fee that may reach 1.28%.
Gate News bot message, Bloomberg senior ETF analyst Eric Balchunas recently stated that the REX-Osprey SOL Spot ETF (SSK) will be officially launched this Wednesday, becoming the first ETF in the U.S. to allow staking. 40% of the product's assets will be held in the form of "securities" through other Sol-related ETPs to comply with the regulations of the 1940 Act. Its management fee is 0.75%, but due to the C-class company structure and tax expenses, the total fee will reach 1.28%.
Balchunas reminds investors to view this new product rationally. He pointed out that after three months of listing, SOLZ (Solana Futures ETF) has only $22 million in assets, performing poorly, despite SOL having risen by 15%. He believes that if given a choice, investors generally prefer pure Spot products under the Securities Act of 1933, but there is currently no clear timeline for such products to launch. Unlike Bitcoin Spot ETFs, Solana-related ETFs have not yet seen fee competition and lack participation from large companies.