Solana Staking ETF Shocks Market with $33 Million in First-Day Trading

The first Solana staking ETF, the REX-Osprey Solana + Staking ETF (SSK) in the U.S., recorded an impressive $33 million in trading volume on its debut day, July 2, 2025.

The REX-Osprey Solana + Staking ETF stands out for its unique structure, combining direct investment in Solana (SOL) with staking rewards. Registered under the Investment Company Act of 1940, the fund adheres to stringent securities regulations, ensuring assets are held by a qualified custodian. Anchorage Digital, the only federally chartered bank authorized for both custody and staking of digital assets, was selected for this role.

Key Features of the Solana Staking ETF

Launched on the Cboe exchange, Solana Staking ETF outperformed existing Solana and XRP futures ETFs, signaling strong investor interest in Solana’s ecosystem. This development marks a significant step toward mainstream adoption of crypto-based financial products.

• Innovative Design: Allocates 40% of assets to staking, generating additional returns for investors.

• C-Corp Structure: Operates as a C-corporation, subject to corporate income tax before profit distribution, with a management fee of 0.75%.

• Market Impact: Solana’s price rose 3% to approximately $152.9 within 24 hours of the launch, reflecting market enthusiasm.

• Custodial Security: Anchorage Digital’s involvement ensures robust asset protection and staking operations.

Despite the strong debut, with assets under management (AUM) reaching $1 million by day’s end and projections of $10 million on day two, analysts remain cautious. The SEC’s recent decision to review a newly approved Grayscale ETF that includes Solana highlights ongoing regulatory scrutiny.

This could temper expectations for the rapid expansion of similar products. Additionally, the limited participation of major players like BlackRock and the modest $22 million trading volume of Solana futures ETFs over three months suggests challenges in sustaining long-term momentum.

The launch of this ETF opens a new chapter for crypto ETFs, blending staking rewards with regulatory compliance. As the market evolves, the REX-Osprey Solana + Staking ETF could pave the way for more institutional involvement in cryptocurrencies.

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