First Solana Staking ETF to Begin Trading in US

The REX-Osprey Solana + Staking ETF, trading under the ticker $SSK, is set to begin trading on July 2, 2025. This launch marks a significant development in the integration of decentralized finance with traditional asset management, offering investors exposure to spot Solana (SOL) alongside native staking yields.

Operating as a C-corporation under the Investment Company Act of 1940, the fund is structured to collect and distribute staking rewards as corporate income. This unique regulatory approach aims to navigate complexities typically associated with staking in registered investment products, providing a compliant pathway for both retail and institutional investors to earn staking returns within their brokerage accounts.

A spokesperson for Osprey confirmed that the U.S. Securities and Exchange Commission (SEC) had no further comments on the fund's structure, clearing its path to market. This move could establish a precedent for similar staking-enabled products linked to other proof-of-stake blockchains.

In anticipation of the ETF's debut, Solana (SOL) experienced a price increase of over 5%, briefly reaching $161. While market enthusiasm is present, some analysts note potential headwinds, including upcoming SOL unlocks exceeding $585 million in the coming months, which could exert selling pressure unless offset by substantial ETF inflows.

Beyond market impact, the launch of $SSK represents a broader regulatory and structural innovation, with its C-corp model potentially serving as a viable path for asset managers to integrate staking economics into traditional products. Industry observers suggest that success with $SSK could prompt further filings for Ethereum, Avalanche, and other Proof-of-Stake networks.