Bloomberg Analysts: The total fee for the REX-OSPREY SOL Spot ETF may reach 1.28%, and caution is advised as market enthusiasm may not meet expectations.

On July 1, Bloomberg senior ETF analyst Eric Balchunas posted on social media that the REX-Osprey SOL Spot ETF (SSK) will officially launch this Wednesday, becoming the first ETF in the United States that allows staking. 40% of the ETF's assets will be held in the form of "securities" through other Sol-related ETPs to meet the compliance requirements of the 1940 Act. The management fee is 0.75%, but due to the use of a Class C corporate structure, the total expenses will reach 1.28% after tax expenses are accounted for. Although this is a new product launch worth following, it should also be viewed rationally and expectations managed. After 3 months of listing, SOLZ (Solana Futures ETF) has an asset size of only $22 million, which is not ideal, especially against the backdrop of SOL having risen 15%. If given a choice, investors typically prefer 100% Spot products under the Securities Act of 1933, but currently, there is no clear launch timeline for these products. Unlike Bitcoin Spot ETFs, Solana-related ETFs have not yet seen a "fee war", nor have major companies like BlackRock or Fidelity participated.