Solana Staking ETF $SSK Debuts with $33M Volume
The first U.S. Solana staking ETF, $SSK, launched strong with $33M in volume, topping SOL and XRP futures ETF debuts. Learn what it means next.
- $SSK breaks new ground with $33M debut, outperforming futures ETFs.
- Offers staking rewards via regulated U.S. ETF structure.
- Still trails BTC/ETH spot ETFs but marks growing crypto diversification.
The REX‑Osprey Solana + Staking ETF, ticker $SSK, began trading on July 2, 2025—the first U.S. ETF to offer direct Solana exposure plus staking rewards. It closed its debut day with $33 million in trading volume, a significant achievement that outpaced both SOL and XRP futures ETF launches.
Beating Other Altcoin ETF Launches
Bloomberg ETF analyst Eric Balchunas highlighted how $SSK’s debut “blows away the Solana futures ETF and XRP futures ETFs (or the average ETF launch),” despite still lagging far behind the well-liquidated BTC and ETH spot ETFs.
Why $SSK Matters for Crypto Investors
Staking Made Accessible
This ETF isn’t just another crypto product—it allocates a significant portion of its holdings to staked SOL, offering potential annual rewards of around 7.3%. Staking, which used to be restricted in ETF formats, is now fully integrated.
Regulated, Yet Innovative Structure
Filed under the Investment Company Act of 1940, $SSK uses a “no objection” SEC stance rather than traditional spot-ETF approval. This regulatory path may pave the way for more staking-enabled crypto ETFs.
Room to Grow
Although $SSK’s $33M volume is modest compared to the billions seen by BTC/ETH ETFs, it ranked among the top 1% of ETF debuts. With SOL-related futures and XRP ETFs drawing much less, this launch suggests growing investor appetite for altcoin exposure.
What Investors Should Know Next
Cost vs. Yield
While offering staking rewards, $SSK carries a 1.4% annual expense ratio—higher than BTC/ETH ETF peers. Investors will need to balance ROI from staking against these costs.
Watch for Institutional Competition
Big names such as Fidelity, VanEck, and Franklin Templeton have pending Solana ETF proposals—some possibly with lower fees—so $SSK could face stiffer competition.
Solana’s Role Shifts
As the sixth-largest crypto by market cap, Solana is positioning itself beyond a “store-of-value”—becoming a smart-contract and staking play. This ETF could accelerate its adoption within traditional portfolios.
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