Anchorage Digital Becomes Exclusive Custodian for New REX-Osprey Solana (SOL) + Staking ETF

On July 2, Anchorage Digital, a federally chartered digital asset bank, was designated as the exclusive custodian and equity partner for the newly introduced REX-Osprey Solana + Staking ETF, as reported by The Block. Unlike recent spot Bitcoin and Ethereum ETFs registered under the Securities Act of 1933, this ETF operates under the more rigorous Investment Company Act of 1940, necessitating a qualified custodian to safeguard the assets. Anchorage Digital stands out as the sole federally regulated institution authorized to both custody and stake digital assets concurrently. The ETF offers investors direct exposure to Solana (SOL) while distributing staking rewards, enhancing potential yield through a regulated and secure framework.