The new ETF had a strong Solana Staking ETF Goes Livefirst day, with $33 million in trading volume and $12 million in inflows—showing strong market interest.
Trading under the ticker SSK on the Cboe Exchange, it's the first U.S. ETF to offer direct exposure to spot Solana while also providing staking rewards.
Launched by REX Financial and Osprey Funds, the ETF puts 80% of its assets into spot Solana and stakes 50%, giving investors the chance to benefit from both price growth and staking returns, unlike earlier Bitcoin and Ethereum ETFs.
Since the launch, Solana’s trading volume has jumped nearly 50%, and experts believe more spot Solana ETFs could be approved by 2025. This signals growing institutional interest in crypto and could push SOL’s value even higher.