U.S. Launch of Solana Staking ETF Shows Strong Debut Amid Regulatory Approval and Market Interest

Key Points

1. The REX-Osprey Solana + Staking ETF (SSK) began trading on July 2, 2025, on the Cboe exchange, offering direct Solana exposure and staking rewards with monthly cash payouts.

2. SSK recorded approximately $33 million in trading volume and $12 million in inflows on its first day, surpassing initial activity levels of Solana and XRP futures ETFs.

3. The ETF is structured under the Investment Company Act of 1940, with 80% of assets allocated to SOL tokens and at least half actively staked through institutional validators like Galaxy and Figment.

4. SSK uses a spot pricing model anchored to the CME CF Solana-Dollar Reference Rate, ensuring accurate market tracking and combining spot price exposure with staking rewards.

5. The launch followed an extended SEC review process and may influence future regulatory approvals for similar staking-focused crypto ETFs.