Breaking News: Solana Staking ETF Explodes onto the Scene!

SSK Hits the Ground Running with $33M in Volume

Hold onto your hats, folks! The first U.S. exchange-traded fund giving you a piece of Solana and on-chain staking rewards just hit the market, and it's already setting the streets on fire! Launched on July 2, 2025, the REX-Osprey Solana + Staking ETF, known as SSK, made its grand debut on the Cboe exchange. According to the buzz on X from Bloomberg's ETF whiz Eric Balchunas, it wrapped up its first day with a whopping $33 million in volume and $12 million pouring in.

This beast outperformed the early buzz around Solana and XRP futures ETFs but didn't quite reach the stratosphere like those record-breaking Bitcoin and Ethereum spot ETFs from earlier this year.

$SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs.

SSK: Built Tough with Investor Protection in Mind

Now, SSK isn't just any ETF. It's structured under the heavy-duty Investment Company Act of 1940, which means it plays by stricter rules to keep your investments safe and sound. And get this—Anchorage Digital, the only federally chartered crypto bank in town that can both custody and stake your assets, is SSK's custodian and staking partner.

This ETF doesn't just follow Solana's price; it also juices up your returns through staking. Every month, it dishes out cash directly to you, the investor. Around 80% of SSK's assets are in SOL, with at least half of that getting staked through big-name institutional validators like Galaxy and Figment.

The rest? It's made up of liquid staking tokens like JitoSOL and other SOL-related products you can find in Canada and Europe. Unlike those futures-based wannabes, SSK's spot pricing model, based on the CME CF Solana-Dollar Reference Rate, keeps it tight with SOL's real market price.

From Regulatory Hurdles to Market Triumph

It's been a wild ride getting here. SSK had to navigate through months of back-and-forth with the U.S. Securities and Exchange Commission. Initially, the SEC had their doubts about the fund's classification and staking setup. But by June 28, they went silent—no more comments, just a green light for SSK to charge ahead.

With nine other Solana ETFs still waiting in the wings and more staking-based products on the horizon, SSK's explosive launch could be the catalyst that reshapes the future of crypto ETFs in the U.S., especially those that use staking to generate some sweet passive income.