Solana Staking ETF Opens for Trade, Becoming First Such U.S. Crypto Staking Product

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.