REX-Osprey launches Solana Staking ETF, letting U.S. investors gain SOL exposure and earn 7.3% in staking rewards.
With the debut of the REX-Osprey Solana Staking ETF, American investors now have a new way to invest in Solana (SOL) and earn staking incentives.
This is the first crypto ETF listed in the United States that combines token exposure and staking rewards in a structured way.
Solana Staking ETF By REX-Osprey
According to a press release, investors who require exposure to Solana and the chance to earn staking rewards can now invest in the REX-Osprey Solana Staking ETF (SSK).
This fund is a game-changer for the US crypto ETF market because it can benefit investors by holding Solana tokens and increasing yield through staking.
The ETF does not have the problems that futures-based crypto ETFs face; instead, it aims to give direct, immediate exposure to Solana.
In addition to direct exposure, the ETF offers the benefits of staking incentives; currently, Solana staking offers a staking rate of 7.3%.
To reward investors via the blockchain, SOL tokens will make up the majority of the ETF’s assets.
Anchorage Digital As Stakeholder, Custodian
Anchorage Digital has been appointed the new ETF’s exclusive custodian and staking partner.
With a reputation for regulatory compliance and safe digital asset management, Anchorage is a federally authorized digital asset bank.
The collaboration provides stability and transparency to investors in the fund and enables it to meet the strict requirements needed to list an investment product in the United States.
Anchorage will handle relevant digital assets on behalf of the fund by using its secure platform to hold and stake the ETF’s assets.
Staking is the next chapter in the crypto ETF story, according to Nathan McCauley, CEO of Anchorage Digital, and it is becoming increasingly significant in digital assets.
The ETF can then distribute staking rewards in a safe and highly compliant way.
Bloomberg Analysts Offer Their Opinions
James Seyffart, a Bloomberg analyst, stated upon the launch,
“ First spot Solana staking ETF has officially launched. Good first-day opening to a new ETF with an opening ~$8 million trading in the first 20 minutes.”
This is evidenced by the substantial first trading volumes, which indicate positive market reception.
This aggressive launch shows that the fund has apparent demand and that staking-based structures are becoming increasingly popular in the US market.
According to Bloomberg analysts, there is a 95% chance that the SEC will authorize more Solana ETFs in 2025, which aligns with Polymarket’s 99% approval rate.
Given that numerous other businesses have already applied to the SEC for Solana-related products, the approval of the REX-Osprey Solana ETF may open the door for more staking-based ETFs.
The US Securities and Exchange Commission (SEC) has received proposals for Solana ETFs from companies like VanEck, 21Shares, Canary Capital, Bitwise, Grayscale, Franklin Templeton, Fidelity, Invesco, and Galaxy Digital.
