A new ETF offering exposure to Solana and staking rewards made its debut in the U.S. this week, generating $33 million in trading volume and $12 million in net inflows on day one — a promising signal for the future of crypto-based income products.
Launched under the ticker SSK on the Cboe BZX exchange, the fund from REX and Osprey marks the first U.S.-listed staking-enabled ETF, combining spot Solana exposure with passive yield. While it trails the scale of spot Bitcoin and Ethereum ETF debuts, analysts noted it handily outperformed futures-based crypto funds tied to SOL and XRP.
The launch didn’t come without regulatory complications. The SEC initially challenged the fund’s structure, prompting the issuers to rework the model to fit under the Investment Company Act of 1940 by allocating a sizable portion of assets to foreign ETPs—avoiding the need for a direct spot ETF approval.
The move comes as anticipation builds for more crypto ETFs beyond Bitcoin and Ether. Bloomberg analysts now estimate a 95% chance that spot Solana, XRP, and Litecoin ETFs will be approved before the end of 2025.
Despite the ETF’s debut, Solana’s price showed minimal immediate reaction, though open interest in CME Solana futures hit a new high—hinting that institutional appetite may be quietly building in the background.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/solana-staking-etf-launch-sees-strong-start-signals-institutional-interest/