First U.S. Spot Solana ETF Featuring Staking Goes Live with $8M Volume in 20 Mins

Discover the most recent tendencies within the Web3 house. This article dives into: “First U.S. Spot Solana ETF Featuring Staking Goes Live with $8M Volume in 20 Mins”.

The first-ever U.S. Spot Solana ETF with staking options has formally launched, and its debut has since attracted consideration from market observers.

Bloomberg’s senior ETF analyst, James Seyffart, revealed this in a publish on X. According to him, the REX-Osprey SOL + Staking ETF, buying and selling beneath the ticker SSK, started its debut with $8 million in buying and selling quantity inside the first 20 minutes. Seyffart described this as a wholesome begin for a very new ETF.

First spot solana staking ETF is formally reside. Healthy begin to buying and selling for a brand new ETF with ~$8 million in buying and selling in first 20 min. pic.twitter.com/HBl7zzVv1F

— James Seyffart (@JSeyff) July 2, 2025

How Does the REX-Osprey SOL + Staking ETF Operate?

Notably, this new ETF offers buyers a direct solution to acquire publicity to Solana (SOL) whereas additionally incomes staking rewards. About 80% of the fund’s belongings go into spot SOL, and the managers actively stake over half of that to generate on-chain yield. 

Investors profit immediately from these staking returns, which at the moment supply an annual yield of roughly 7% to 7.3%. Meanwhile, the remainder of the portfolio contains different Solana exchange-traded merchandise, principally from markets exterior the U.S., together with a small slice in liquid staking belongings like JitoSOL.

Interestingly, REX and Osprey structured the ETF as a C-corporation beneath the Investment Company Act of 1940. This transfer helped them clear regulatory hurdles which have slowed or blocked comparable crypto funds previously. 

While this construction offers the fund a transparent path to function and distribute staking rewards, it additionally introduces much less favorable tax remedy in comparison with extra conventional ETF fashions. This is one thing institutional buyers might want to weigh. Importantly, the ETF carries a administration charge of 0.75%.

Regulatory Progress Toward Launch

Also, the street to launch was not clean. REX and Osprey first filed their registration earlier this yr, pitching a mannequin that mixes spot crypto holdings with staking revenue. 

However, on May 30, the SEC requested them to delay the launch, citing questions round how to classify the fund. The staff then restructured the product right into a C-corp to handle these considerations. By June 27, the SEC informed the issuers it had no additional feedback, which trade insiders noticed as a quiet inexperienced gentle. The fund formally went reside at present.

Path for Launch of Traditional Spot Solana ETF Products

Interestingly, the launch got here simply sooner or later after the SEC accredited the Grayscale Digital Large Cap Fund (GDLC), which holds Solana alongside Bitcoin, Ethereum, XRP, and Cardano. 

Seyffart had beforehand stated that GDLC would possible go first, adopted by different Spot Solana ETF merchandise. With each GDLC and the SSK ETF now buying and selling, buyers really feel extra assured {that a} conventional Spot Solana ETF might land subsequent.

Notably, this optimism has continued to develop. The SEC is at the moment reviewing a number of Solana ETF functions from prime corporations like VanEck, Franklin Templeton, Galaxy Digital, Fidelity, and Grayscale. 

While the SEC hasn’t accredited them but, it continues to evaluation up to date filings and has pushed closing choice deadlines into late July. Several candidates have tweaked their proposals to incorporate in-kind redemptions and staking options.

DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article might embody the writer’s private opinions and don’t mirror The Crypto Basic opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Basic just isn’t liable for any monetary losses.

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