0%
#Bitcoin#Staking#Bitcoins Spot ETF+2 more tags

First U.S. Solana Staking ETF Debuts with $33M in Volume

6 hours ago 2 min read
News Article Banner Image

The REX-Osprey Solana + Staking ETF (SSK) launched on the Cboe exchange, marking a significant milestone for cryptocurrency investment products with its innovative approach to Solana exposure.

Trading under the ticker SSK, the fund generated approximately $33 million in volume and $12 million in inflows on its first trading day. While not matching the record-setting performances of Bitcoin and Ethereum ETFs, the debut signals growing institutional interest in Solana-based investment vehicles.

Structured under the Investment Company Act of 1940, the ETF provides robust investor protections. Anchorage Digital, the only federally chartered cryptocurrency bank authorized to custody and stake assets, serves as the ETF's custodian and staking partner.

The fund offers a unique value proposition by tracking Solana's price while generating additional yield through staking. Approximately 80% of the ETF's assets are allocated to SOL, with at least half staked through institutional validators like Galaxy and Figment. Monthly cash payouts are passed directly to investors.

The launch followed months of careful negotiations with the U.S. Securities and Exchange Commission. After initial concerns about fund classification and staking mechanisms, the SEC ultimately permitted the ETF to proceed by June 28.

A Different Pricing Model

Unlike futures-based products, SSK utilizes a spot pricing model based on the CME CF Solana-Dollar Reference Rate, ensuring closer tracking of SOL's actual market price. The fund also incorporates liquid staking tokens and SOL-related exchange-traded products from Canada and Europe.

With nine additional Solana ETF applications under review, SSK's debut could significantly influence the direction of cryptocurrency ETFs in the United States, particularly those exploring staking as a method of generating passive income.

Looking Ahead: The innovative structure represents a new approach to cryptocurrency investment, bridging traditional financial products with the emerging digital asset ecosystem.

Popular news

How to Set Up and Use Trust Wallet for Binance Smart Chain
#Bitcoin#Bitcoins#Config+2 more tags

How to Set Up and Use Trust Wallet for Binance Smart Chain

Your Essential Guide To Binance Leveraged Tokens

Your Essential Guide To Binance Leveraged Tokens

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)
#Subscriptions

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)

What is Grid Trading? (A Crypto-Futures Guide)

What is Grid Trading? (A Crypto-Futures Guide)

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

©2017 - 2025 Copyright by Cryptohopper™ - All rights reserved.