🚀 Solana ETF Momentum Builds: REX-Osprey Launches, VanEck Waits, SEC in Focus

🔸 SSK ETF Hits the Market

REX Shares & Osprey Funds have officially launched the REX-Osprey Sol + Staking ETF (SSK)—the first U.S.-listed Solana ETF-style product.

Offers SOL price exposure + ~6% staking yield

Bypassed SEC spot approval via a 1940 Act workaround

$33M+ trading volume on day one

$12M+ in inflows 📈

⚠️ Not a true spot ETF, but SSK is the closest Solana has come to mainstream ETF access.

🔍 VanEck, Grayscale & More Join the Race

VanEck filed the first spot Solana ETF in 2024, and now:

☆ Grayscale is eyeing a trust-to-ETF conversion

☆ Fidelity may launch a multi-asset ETF with SOL

☆ 21Shares is pushing for a U.S. Solana ETP

🗓️ Key Dates to Watch:

July 31, 2025 — SEC deadline for amended filings

October 10, 2025 — Expected spot ETF approval

💡 Bloomberg Intelligence: 95%+ chance of approval by year-end

📊 Why Solana?

High-speed, low-fee, and thriving across DeFi, NFTs, and real-world apps—Solana ranks top 3 in daily active users & volume.

🔮 The Road Ahead

Approval of a spot Solana ETF would:

✅ Cement SOL as a core institutional asset

✅ Unlock altcoin ETF innovation (XRP, ADA, AVAX next?)

✅ Bring crypto further into retirement and brokerage portfolios

👀 The ETF era for altcoins has begun—and Solana is leading the charge.

#Solana #ETF #CryptoNews #BinanceSquare #SSK #VanEck #DeFi