Solana SSK ETF breaks $100M as Wall Street warms to crypto staking

Key Points

1. SSK, the first US-listed ETF combining spot Solana exposure with on-chain staking rewards, reached over $100M in AUM within 12 trading days.

2. The ETF's structure under the Investment Company Act of 1940 allows it to distribute staking rewards, differentiating it from most crypto ETFs registered under the Securities Act of 1933.

3. REX-Osprey's CEO highlighted investor demand for blockchain-native products and plans to expand the ETF lineup to include XRP, DOGE, and ETH.

4. Institutional interest in staking and yield strategies is growing, with platforms offering Ethereum staking and tokenized US Treasury products also seeing steady inflows.

5. Fidelity and other asset managers have filed for spot Solana ETFs, indicating potential expansion of staking-tied products in the market.