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

Explore key highlights in the AI & Blockchain 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 submit 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 totally new ETF.

First spot solana staking ETF is formally stay. 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 provides buyers a direct option to achieve 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 straight from these staking returns, which at present 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., alongside 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 in the previous. 

While this construction provides the fund a transparent path to function and distribute staking rewards, it additionally introduces much less favorable tax therapy 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 easy. REX and Osprey first filed their registration earlier this yr, pitching a mannequin that mixes spot crypto holdings with staking earnings. 

However, on May 30, the SEC requested them to delay the launch, citing questions round easy methods to classify the fund. The workforce then restructured the product right into a C-corp to handle these issues. By June 27, the SEC informed the issuers it had no additional feedback, which business insiders noticed as a quiet inexperienced mild. The fund formally went stay at this time.

Path for Launch of Traditional Spot Solana ETF Products

Interestingly, the launch got here simply someday after the SEC permitted 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 present reviewing a number of Solana ETF purposes from high corporations like VanEck, Franklin Templeton, Galaxy Digital, Fidelity, and Grayscale. 

While the SEC hasn’t permitted them but, it continues to assessment up to date filings and has pushed ultimate determination 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 of monetary recommendation. The views expressed in this text might embody the creator’s private opinions and don’t replicate The Crypto Basic opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Basic is just not liable for any monetary losses.

More to Explore

Uncover sizzling matters in the Crypto Trading ecosystem. This article explores: “First U.S. Spot Solana ETF Featuring Staking Goes Live with $8M Volume in 20 Mins”.

• (*20*) market information & on-chain developments
• Altcoin picks, value strikes & ecosystem updates
• DeFi improvements, protocols & yield methods
• NFT & Web3 initiatives reworking digital possession
• Airdrop & Bounty campaigns to say and earn
• Mining & Staking guides, rewards & profitability suggestions
• Exchanges & Wallets critiques & security measures
• Security & Scams to keep away from in crypto investing
• Price Analysis for smarter selections and insights
• AI & Blockchain merging intelligence with decentralization
• CBDCs & Stablecoins from banks and blockchain initiatives
• Crypto Regulations and authorized frameworks shaping the business
• Trading & Signals with methods and alerts
• Events & Conferences worldwide in the crypto house

From Our Partner Sites

• Explore BlockTrend for professional takes on blockchain developments & developments
• Visit SFBNEWS for information and auto-fed crypto headlines
• Check i-News for contemporary international crypto headlines & breaking tales
• Claim & earn with trusted drops on i-Coin — your faucet & incomes hub
• Learn crypto the sensible method on i-VIP — sensible tutorials, guides & suggestions for inexperienced persons

[ad_3]

Content Reference

This article is tailored from thecryptobasic.com. We’ve restructured and rewritten the content material for a broader viewers with improved readability and web optimization formatting.

Your Crypto Tracker

Check out CryptoCoil to remain forward in crypto.

Our Sitemap

Access our full listing through CryptoCoil Sitemap — full content material navigation.