Solana Staking ETF Launches as First U.S. Crypto Staking Product
REX Shares and Osprey Funds have launched the REX-Osprey Solana + Staking ETF (SSK), the first crypto staking ETF in the U.S., with Anchorage Digital as the exclusive custodian and staking partner. Key details include:
- SSK began trading on the Cboe exchange at $25.47 per share.
- The fund is registered under the Investment Company Act of 1940, requiring a qualified custodian to hold assets.
- Anchorage Digital is the only federally regulated bank authorized for this role.
- The ETF provides exposure to Solana (SOL) while generating staking rewards.
- Staking allows investors to earn rewards by locking tokens into the network, simplifying access through traditional brokerage accounts.
- SOL's price increased by 2% in the last 24 hours to $150.
This launch reflects the evolving crypto ETF market, moving beyond bitcoin and ether, and introducing income-generating digital asset features within an SEC-regulated framework.