Recently, the first Solana-based ETF with staking functionality debuted on the American market — REX-Osprey Solana + Staking ETF (ticker SSK). This fund, launched on the Cboe BZX Exchange, attracted $12 million in its first day of trading and reached a volume of $33 million. This is a significant step for the crypto industry, as the ETF combines direct exposure to the token $SOL with income from staking, allowing investors to earn up to 7.3% annually. The fund, which utilizes the services of the custodian Anchorage Digital, became the first in the U.S. to integrate staking into a regulated structure.
The debut of SSK outperformed the results of futures ETFs on Solana and $XRP , although it lags behind the volumes of spot ETFs on Bitcoin and $ETH . Experts, such as Bloomberg analyst Eric Balchunas, call the launch "healthy," predicting further growth in interest from institutional investors. This launch also raised the price of SOL by 3-5%, despite overall market volatility.
This step could open the door for other altcoin ETFs with staking functionality. Given a 95% probability of approval for spot Solana ETFs by the end of 2025, the market expects new innovations.
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