Bloomberg Analyst: REX-OSPREY SOL Spot ETF Total Fee Could Reach 1.28%, Market Mania Risk Lower Than Expected

BlockBeats News, July 1st, Bloomberg Senior ETF Analyst Eric Balchunas stated on social media that "REX-Osprey's SOL Spot ETF (SSK) will officially launch this Wednesday, making it the first ETF in the U.S. to allow staking. 40% of the ETF's assets will be held in 'securities' form through other Sol-related ETPs to comply with the 1940 Act. The management fee is 0.75%, but due to using a C-corp structure, the total expense ratio, including tax expenses, will reach 1.28%."

While this is a noteworthy new product launch, it should also be approached with rational expectations. After 3 months of trading, the AUM of SOLZ (Solana Futures ETF) is only $22 million, showing underwhelming performance, especially against the backdrop of SOL's 15% rise. Given a choice, investors typically prefer 100% spot products under the 1933 Securities Act, but such products currently do not have a clear launch date. Unlike Bitcoin spot ETFs, Solana-related ETFs have not seen a 'fee war' and lack participation from major companies like BlackRock and Fidelity."