Solana ETF exceeds $220 million in trading volume since launch... Staking enhances profitability

The Block reported on the 17th (local time) that Solana's first exchange-traded fund (ETF) recorded trading volume of $222 million in the two weeks since its official launch.
In particular, this ETF is attracting attention for its innovative structure that integrates a "staking" function, unlike existing Bitcoin and Ethereum ETFs.
The REX-Osprey Solana ETF was launched on the 2nd of last month and recorded a net inflow of $69.7 million as of the 16th.
The analysis states that despite the relatively high management fees of 0.75%, investors' demand is sustained.
The Solana ETF attracted over $1 billion and $3 billion, respectively, taking first and second place in the market. The biggest differentiator of the Solana ETF is its staking function.
While most ETFs only hold assets, this ETF will allow users to directly stake their SOL (Solana tokens) and generate additional income through network validation.
This allows users to expect not only a simple price increase, but also profits in the form of interest. This staking function is based on Solana's Proof of Stake (PoS)-based concept.
This is a revenue model that is possible thanks to the Census algorithm and cannot be implemented in a Bitcoin ETF that uses Proof of Work (PoW).
This is seen as an important turning point in the evolution of cryptocurrency. In addition, this ETF will be managed by Anchorage Digital, a federally chartered cryptocurrency bank in the United States.
Anchorage is the only federally chartered cryptocurrency bank in the U.S. to provide on-chain staking and custody services for Solana.
and is the eligible trustee for the security investment trust of the REX-Osprey ETF.