The REX-Osprey Solana + Staking ETF (SSK) commenced trading on the Cboe exchange, offering investors direct exposure to Solana’s native token, SOL, coupled with staking rewards distributed as monthly cash payments.
The ETF demonstrated significant initial demand, recording approximately $33 million in trading volume alongside $12 million in inflows on its first day. This performance exceeded the launch activity seen previously for Solana and XRP futures ETFs in the U.S.
SSK operates under the Investment Company Act of 1940, dedicating 80% of its assets to SOL tokens. At least half of these tokens undergo active staking using institutional validators, including Galaxy Digital and Figment, to generate rewards for investors.
Leveraging the CME CF Solana-Dollar Reference Rate as its pricing anchor, SSK ensures precise market tracking. Its unique structure merges spot price exposure with staking-derived yield.
The launch followed an extended review period by regulators. SSK’s introduction marks the first U.S. ETF combining spot market exposure to a single cryptocurrency with integrated staking rewards, potentially influencing future regulatory considerations for similar staking-focused crypto investment products.