Solana Staking ETF Opens for Trade, Becoming First Such U.S. Crypto Staking Product
Main Idea
The REX-Osprey Solana + Staking ETF (SSK) has begun trading on the Cboe exchange, marking the first U.S.-listed crypto staking ETF, with Anchorage Digital serving as the custodian and staking partner.
Key Points
1. The REX-Osprey Solana + Staking ETF (SSK) is the first U.S.-listed crypto staking exchange-traded fund, trading on the Cboe exchange.
2. Anchorage Digital was selected as the exclusive custodian and staking partner for the fund.
3. The ETF provides investors with indirect exposure to Solana and participation in its staking mechanism, which offers additional yield.
4. Unlike existing spot bitcoin and ethereum ETFs, SSK is registered under the Investment Company Act of 1940, requiring a qualified custodian.
5. The launch reflects the evolving crypto ETF market, expanding beyond bitcoin and ether to include staking mechanisms within SEC-regulated vehicles.
Description
REX Shares and Osprey Funds have selected Anchorage Digital as the exclusive custodian and staking partner for their newly launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) listed in the U.S. The fund, which offers investors exposure to Solana (SOL) while generating staking rewards, began trading Wednesday on the Cboe exchange Wednesday at $25.47 per share. Unlike existing spot bitcoin and ethereum ETFs, which fall under different regulatory fram...
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