REX-Osprey SOL ETF USD Price

The REX-Osprey SOL ETF is a proposed exchange-traded fund that aims to track the performance of Solana (SOL). It is part of a broader set of filings by Osprey Funds and Rex Shares to list ETFs tracking multiple cryptocurrencies, including Solana. The registration statement for this ETF was filed shortly after the inauguration of President Donald Trump and includes proposals for other ETFs based on cryptocurrencies such as Bitcoin, Ethereum, and several memecoins.

The REX-Osprey SOL ETF, like the other funds in the proposal, is structured under the Investment Company Act of 1940. This structure allows the funds to hold a combination of derivatives and the underlying assets, managed through a Cayman Islands subsidiary. The filing is seen as a move by ETF issuers to test the regulatory environment under the new SEC administration and to explore how the SEC will handle such innovative and potentially controversial assets. As of the latest updates, this ETF has not yet been approved and is awaiting regulatory review.