The REX-Osprey Solana Staking ETF (SSK) has launched, offering investors exposure to Solana (SOL) with staking rewards. This groundbreaking fund combines token exposure and staking rewards, providing a unique investment opportunity.

*Key Features:*

- *Spot Exposure*: Direct exposure to Solana's price movements

- *Staking Rewards*: Earns a 7.3% staking reward, providing additional income

- *Trading Platform*: Listed on Nasdaq under the ticker SSK

- *Custodian*: Anchorage Digital partners as custodian for the ETF

*Market Impact:*

- *Strong Debut*: The ETF saw $33 million in trading volume on its first day, outperforming other altcoin futures ETFs

- *Price Surge*: Solana's price rose to $160 after the ETF launch, with nearly $9 million in short positions liquidated

- *Growing Interest*: The ETF's success may pave the way for similar products tied to other leading altcoins

*Future Prospects:*

- *Increased Adoption*: The ETF's launch may boost institutional investment in Solana and other cryptocurrencies

- *Regulatory Milestone*: The SEC's approval of the C-Corp business model sets a precedent for future crypto ETFs

- *Potential Price Targets*: Solana's price could jump to $155, $159, or even $192 if the current trend continues¹