Solana’s price increased nearly 5% on Monday as speculation arose about an upcoming SOL Staking ETF by Rex Shares and Osprey Funds, expected to commence trading on Wednesday.

A spokesperson for Osprey confirmed this launch, stating, “The fund will launch Wednesday,” which followed a post on X from the account called ‘Unfolded’. Last week, Rex filed an inquiry with the SEC regarding their ETF filing, later suggesting that the SEC had no additional comments.

The anticipated REX-Osprey SOL+Staking ETF would represent a remarkable first in the United States, amidst ongoing waits for further approvals on spot SOL ETFs that may encompass staking functionalities.

Solana’s price action over the past day.