US Gets First Solana Staking ETF, Debuts with $12M Inflows

Key Points

1. The REX-Osprey Solana + Staking ETF (SSK) is the first regulated investment vehicle to combine SOL price appreciation with staking yield, offering a 7.3% annual return.

2. SSK outperformed SOL and XRP futures ETFs in initial demand but lagged behind spot Bitcoin and Ether ETFs in trading volume.

3. The ETF's launch contributed to a 5% increase in SOL's value, with the cryptocurrency trading at around $153.69 and a market cap of $82.17 billion.

4. SSK provides investors with a way to invest in Solana without the drawbacks of futures ETFs, such as contango, by staking SOL directly on the blockchain.

5. REX Financial CEO Greg King described the ETF as a bridge between traditional finance (TradFi) and crypto investments, offering staking rewards in a familiar ETF format.