Bloomberg analyst: The total cost of the REX-OSPREY SOL spot ETF may reach 1.28%, and we need to be cautious that the market heat may not be as expected

According to BlockBeats, on July 1st, Eric Balchunas, a senior ETF analyst at Bloomberg, posted on social media that "REX Osprey's SOL Spot ETF (SSK) will officially go live on Wednesday, making it the first ETF in the United States to allow staking. 40% of the assets of this ETF will be held in the form of "securities" through other Sol related ETPs (to meet compliance requirements under the 1940 Act). The management fee is 0.75%, but due to the adoption of a C-class company structure, after including tax expenses, the total cost will reach 1.28%. Although this is a noteworthy new product launch, it also requires a rational approach and management of expectations. Three months after its listing, SOLZ (Solana Futures ETF) had an asset size of only $22 million, which was not ideal, especially against the backdrop of SOL's 15% increase. If given a choice, investors typically prefer 100% spot products under the 1933 Securities Act, but there is currently no clear timeline for their launch. Unlike Bitcoin spot ETFs, Solana related ETFs have not yet experienced a "rate war," nor have large companies like BlackRock and Fidelity participated