The Solana ETF REX Osprey had no trading activity during most of the trading sessions in August.

The Solana ETF REX Osprey had almost no trading for 4 out of 6 days up to August 8, only recording $6.4 million in trading on August 8 and a net withdrawal of $2.7 million on August 6. This is the first Solana ETF in America that integrates staking, operates outside the SEC's spot ETF framework, and provides exposure to SOL through indirect instruments.

Although Solana attracted 874 million USD in capital since the beginning of the year, it still lags behind ETH and XRP. Experts believe that the complex structure, high management fees of 0.75%, and the lack of major brands like BlackRock and Fidelity are the main barriers, not low demand. Additionally, institutions still prioritize BTC and ETH over SOL.

The combination of staking (~7%/year) and allocation into foreign ETFs makes it difficult for the fund to attract investors. The SEC is still considering approving the Solana ETF under the Securities Act of 1933.