Wednesday, July 2, 2025, the Rex-Osprey Solana + Staking ETF (Ticker SSK) took its first steps on the CBOE BZX Exchange. As of the fence, $ 33 million had changed hands and $ 12 million in net entrances inflated outstanding, a first for an ETF offering both Spot exposure to Solana (soil) and stoking yield.
A solid start for the SSK ETF
Stoking is on the stock market. Wednesday, July 2, the rex-osprey Solana + Staking ETF (Ticker SSK) A Signed his entry on the CBOE BZX Exchange with 33 million Dollars exchanged in the first session, and $ 12 million in net entries.
A remarkable launch for this first American ETF mixing Spot Exhibition at the Solana (ground) and stoking yield. To launch it, Rex Shares, already at the origin of ETF on the same, has teamed up with Osprey Funds, known for its more institutional crypto products.
Even if it remains far from the start -up of the Bitcoin ETF in 2024, ETF SSK is largely placed above recent ETFs on Solana or XRP. Analyst Eric Balchunas praised this launch on X:
$ SSK exceeds ETF on Solana and XRP contracts, but remains below the Bitcoin and Ether.
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His colleague James Seyffart spoke of a “Healthy start”highlighting $ 8 million exchanged in the first twenty minutes.
On the active side, the transmitter site displayed $ 12.3 million under management At the end of the session, or 475,000 shares at a fence price of 25.90 dollars. The fund is entirely staked: the on-chain awards (estimated around 7.3 % annual) will be redistributed each month to carriers.
So far, no American crypto ETF offered on-chain yield. SSK shakes up the situation with a hybrid approach and an innovative regulatory architecture.
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An unprecedented architecture to bypass the blockages of the dry
With SSK, a new category of regulated and productive crypto ETF opens. This could put pressure on traditional transmitters like Blackrock or Grayscale.
According to Nathan McCauley, co-founder of Anchorage:
Staking is the next chapter in the history of Crypto ETF. This launch opens up full and regulated access to the ecosystem.
Nevertheless, Staking poses a regulatory puzzle: for the dry, These income could tip the ETFs in another category more restrictive financial products. So far, all Crypto ETF therefore avoided this mechanics, despite the yields generated on-chain.
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Thus, the SSK ETF is recorded under the 1940 Company Act investment, unlike the crypto ETF approved via the 19B-4 procedure. To comply with this status, the fund invests at least 40 % of its assets in ETP Solana side Outside the United States, while holding and staking directly from the ground via digital anchorage, the only federal bank authorized both in Custody and Stuking.
This structure of “Regulatory bypass” Then comes that the SEC re -examines other files, including the recent approval of a Grayscale ETF.
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Source: X
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After training in journalism, I worked for a few years in general press before discovering the world of personal finance and the scholarship. Fallen into cryptos since 2020, I am particularly interested in the decryption of news that influence the Cryptos markets. My goal? Always teach my readers more by providing the most precise and the most just possible information.
Justine Ferrari
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