Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Brazil Tokenization
    NewsBlockchainCrypto

    XRP Ledger Powers $130M Credit Deal as Brazil Embraces Tokenization

    Brazil's financial industry has used the XRP Ledger to tokenize $130 million…

    By
    Jonathan Swift
    July 24, 2025
    image 589
    CryptoMarketNewsSponsored Article
    Passive Income Meets High Potential: Popcat Slows, Shiba Inu Spikes, But MoonBull Emerges as the Best Upcoming Crypto
    July 24, 2025
    BREAKING: Tether Building U.S. Stablecoin for Banks After GENIUS Act Signed
    NewsCryptoTether
    BREAKING: Tether Building U.S. Stablecoin for Banks After GENIUS Act Signed
    July 24, 2025
    How Bitcoin Boosts Tesla Earnings by $284M as New GAAP Rule Kicks In
    NewsBitcoinCryptoMarket
    How Bitcoin Boosts Tesla Earnings by $284M as New GAAP Rule Kicks In
    July 24, 2025
    image 573
    CryptoMarketNewsSponsored Article
    Popcat Surges, Turbo Stirs, but Troller Cat’s 1833% Spike Wins Best Meme Coin Presale to Buy Now
    July 24, 2025
  • Cryptocurrency
    Brazil Tokenization
    XRP Ledger Powers $130M Credit Deal as Brazil Embraces Tokenization
    6 Min Read
    image 589
    Passive Income Meets High Potential: Popcat Slows, Shiba Inu Spikes, But MoonBull Emerges as the Best Upcoming Crypto
    9 Min Read
    BREAKING: Tether Building U.S. Stablecoin for Banks After GENIUS Act Signed
    BREAKING: Tether Building U.S. Stablecoin for Banks After GENIUS Act Signed
    7 Min Read
    How Bitcoin Boosts Tesla Earnings by $284M as New GAAP Rule Kicks In
    How Bitcoin Boosts Tesla Earnings by $284M as New GAAP Rule Kicks In
    6 Min Read
    image 573
    Popcat Surges, Turbo Stirs, but Troller Cat’s 1833% Spike Wins Best Meme Coin Presale to Buy Now
    9 Min Read
    image 586
    3 Top Cryptos in July 2025 That Could Surprise the Market as MoonBull’s Whitelist Nears Capacity
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume
NewsCrypto

BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume

BREAKING: First U.S. Solana Staking ETF (SSK) Debuts with $33M Volume
Jane Omada Apeh
Last updated: July 3, 2025 8:42 am
By
Jane Omada Apeh
Published July 3, 2025
7 Min Read
Share

Based on the latest news reports, the first US Solana staking ETF just launched on July 2, 2025. Trading under the ticker ‘SSK’ on the Cboe BZX Exchange, the REX-Osprey Solana + Staking ETF had $33 million in volume and $12 million in inflows on its first day according to Bloomberg ETF analyst Eric Balchunas.

Contents
How the Solana Staking ETF WorksAnchorage Digital: The Institutional BackboneHow It Compares: Costs, Rewards, and Future OutlookWhy It Matters for Crypto ETFs in 2025ConclusionSummaryFAQsWhat is the Solana staking ETF?What staking model does it use?Who handles custody and staking?What are the fees?Is the ETF approved by the SEC?GlossarySources

This is a big deal for the US crypto investment space. Unlike previous Solana and XRP futures-based ETFs, SSK gives investors direct spot exposure to SOL and on-chain staking yield; a first in the US ETF market.

How the Solana Staking ETF Works

SSK is regulated under the Investment Company Act of 1940, a structure known for its investor protection and custody standards. It tracks the CME CF Solana-Dollar Reference Rate, so the price is tied to SOL’s real-time market performance.

About 80% of the fund’s assets are invested in Solana. Of that, at least half is staked using validators like Galaxy and Figment, so the ETF generates passive staking rewards. Those rewards are paid out as monthly cash dividends; a unique feature that sets SSK apart from futures-based or synthetic products.

Solana Staking ETF
First U.S. Solana Staking ETF

The rest of the fund is in liquid staking tokens like JitoSOL and SOL-related ETFs listed in Canada and Europe for diversified Solana staking exposure.

Anchorage Digital: The Institutional Backbone

Custody and staking operations for the ETF are managed by Anchorage Digital, the first federally chartered crypto bank in the US. This was essential in getting SEC approval given the regulatory concerns around staking mechanics and asset classification.

After months of back and forth between REX Shares, Osprey and the SEC, the agency had no further objections after June 28, and as a result, SSK is now listed.

This fund is a regulatory breakthrough and unlocks compliant access to on-chain yield. It’s what institutional investors have been waiting for.

How It Compares: Costs, Rewards, and Future Outlook

SSK has a 1.4% total expense ratio broken down into a 0.75% management fee and 0.65% tax-related expense. That is higher than most spot Bitcoin or Ethereum ETFs (which are often under 0.5%) but proponents argue the integrated staking feature and direct monthly payouts add value for long-term holders.

It outperformed several altcoin futures ETFs and sent Solana (SOL) up over 4% in 24 hours to close above $150.

There are nine more Solana ETFs filed with the SEC and awaiting approval from major issuers like Fidelity, Franklin Templeton and VanEck. SSK may be the template for future products that combine spot crypto exposure with yield-generating mechanisms.

Why It Matters for Crypto ETFs in 2025

SSK is the first U.S. ETF to offer regulated access to a staking-enabled altcoin, which could change how investors interact with crypto assets in their brokerage accounts. It combines the passive income model of staking with the regulatory oversight and accessibility of ETFs.

It follows a wave of ETF approvals, including Bitcoin spot, Ethereum spot, and the Grayscale Crypto Index ETF, which covers a basket of leading digital assets like BTC, ETH, XRP, Solana, and Cardano.

REX-Osprey SSK, First U.S. Solana Staking ETF
REX-Osprey SSK, First U.S. Solana Staking ETF

Analysts think the approval of SSK opens the door for staking ETFs on other blockchains, like Polkadot, Avalanche, and Cardano, as investor appetite for yield-based products grows amid macro uncertainty.

Conclusion

The launch of the Solana staking ETF in the United States is a big deal. With $12 million in inflows, a compliant structure under the 1940 Act, and direct exposure to on-chain yield, SSK has set a new standard for altcoin ETFs. As more staking-based products move through the SEC pipeline, SSK’s early success will determine how future crypto products blend DeFi with traditional frameworks.

Summary

The U.S. saw its first Solana staking ETF launch on July 2 with REX-Osprey SSK on the Cboe exchange. Backed by Anchorage Digital, the ETF offers spot SOL exposure and staking rewards, saw $33M in volume and $12M in inflows on day one. With 80% of assets in SOL and monthly cash payouts from staking, SSK combines on-chain yield with regulated structure under the 1940 Act. 

FAQs

What is the Solana staking ETF?

It’s the first U.S. ETF offering both spot SOL exposure and on-chain staking rewards in a regulated wrapper.

What staking model does it use?

The ETF stakes at least 50% of its SOL via institutional validators and distributes rewards as monthly cash payouts.

Who handles custody and staking?

Anchorage Digital, the only federally chartered crypto bank, does both.

What are the fees?

SSK charges 1.4% per year; 0.75% for management and 0.65% for tax handling of staking rewards.

Is the ETF approved by the SEC?

Yes. The SEC dropped objections by June 28 so the ETF can launch under the 1940 Act.

Glossary

Solana staking ETF – An ETF offering spot SOL exposure and staking yield.

Anchorage Digital – The regulated crypto bank that oversees custody and staking for the ETF.

CME CF Solana-Dollar Reference Rate – The price index that tracks SOL’s value.

Liquid staking tokens (LSTs) – Staked assets that are transferable, like JitoSOL.

1940 Act – U.S. law that governs investment companies.

Sources

Crypto.News

Eric Balchunas via X

CoinDesk 

MarketWatch

CF Benchmarks

Advertising

For advertising inquiries, please email . [email protected] or Telegram

OpenSea CEO Jumps to the Rescue of NFT Creators, Developers with a $5M Legal Fund

Arctic Pablo Coin Is The Top Crypto to Join for Short Term – See Why Investors Are Flocking to This Hot Presale, NEAR and BCH Adoption Surges

Crypto Whales Are Stirring: BTC, ETH, XRP, and PEPE Surge Amid Massive Transfers

Top New Meme Coins with 1000X Potential: BTFD’s $5M Presale Piques Investor Interest as BOME Drops and Turbo Predicts Another ATH

XRP Price Surges as Reports Suggest SEC vs Ripple Lawsuit is Wrapping Up

TAGGED:Crypto ETFCrypto ETF StakingREX-OspreyREX-Osprey SSKSolanaSolana staking ETFSSKStaking

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJane Omada Apeh
Follow:
Omada is an experienced crypto journalist delivering in-depth analysis and insights on the ever-evolving world of cryptocurrency and blockchain. Her expertise spans market trends, regulatory developments, and innovative use cases. She is dedicated to providing accurate and engaging content for crypto enthusiasts and newcomers alike.
Previous Article Image fx 11 Ripple Moves Aggressively After Regulatory Victory
Next Article Ripple lawsuit How Ripple’s New RLUSD Integration Makes Crypto Invisible
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English