REX-Osprey’s Solana Staking ETF Debuts on Cboe With Notable Volume and Direct Rewards Potential

Key Points

1. The REX-Osprey Solana + Staking ETF (SSK) debuted with $33 million in trading volume, providing direct Solana (SOL) exposure and monthly staking rewards.

2. Approximately 80% of SSK’s portfolio is allocated to Solana, with over half of these holdings actively staked through institutional validators like Galaxy and Figment.

3. SSK uses the CME CF Solana-Dollar Reference Rate for spot pricing, enhancing transparency and accuracy compared to futures-based ETFs.

4. The SEC initially raised concerns about the fund’s staking methodology but eventually cleared it, paving the way for similar staking-based ETFs.

5. SSK’s strong debut outperformed early trading activity of Solana and XRP futures ETFs, signaling potential for future staking-enabled crypto investment products.