📰 #SolanaETFUpdate
The U.S. SEC has delayed decisions on Bitwise and 21Shares’ #Solana ETF filings until October 16, 2025.
A new staking ETF, SSK (REX-Osprey Sol +
Staking ETF), has launched — offering exposure not just to SOL’s price but also to staking rewards.
Within just 12 days of launch, #SSK surpassed $100 million in assets under management (AUM).
The ETF has also seen around $222 million in trading volume in its first few days.
The SEC has requested updated S-1 forms, especially regarding staking mechanics, in-kind redemptions, and tax implications.
Analysts believe approval could open the doors for institutional adoption of #Solana similar to what happened with Bitcoin and #EthereumETFs .
Challenges:
Ongoing SEC delays.
Regulatory uncertainty on whether $SOL is a security or commodity.
Technical and tax challenges in distributing staking rewards.
