U.S. Solana Staking ETF, $15.8M Net Inflow on Previous Day… 3 Consecutive Trading Days
Suehyeon Lee
Summary
- The U.S. Solana (SOL) staking ETF reportedly recorded net inflows of $15.8 million for three consecutive trading days.
- RexShares-Osprey's Solana staking ETF said it will convert from a C-corporation structure to a registered investment company (Inv Co) form.
- This structural change is seen as a strategy to reduce tax burden and secure competitiveness in the Solana spot ETF competition.
The U.S. Solana (SOL) staking exchange-traded fund (ETF) saw net inflows on the previous day.
On the 30th (local time), according to Farside Investor, RexShares-Osprey's Solana staking ETF recorded net inflows of $15.8 million (21.9 billion won) on the previous day. This marks three consecutive trading days of net inflows.
Meanwhile, RexShares-Osprey's Solana staking ETF is reported to be converting from its existing C-corporation structure to a registered investment company (Registered Investment Company·Inv Co) form. This is interpreted as a strategy to reduce tax burden and secure competitiveness in the upcoming Solana spot ETF competition.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
