REX SharesโOsprey Solana + Staking ETF (SSK), the first U.S. exchange-traded fund offering direct exposure to Solana (SOL) and staking rewards, debuted on Thursday, attracting $11.4 million in inflows and $33 million in trading volume.
Though the initial inflows appear modest, SSK is more than a typical altcoin tracker. As the first U.S. ETF to combine spot crypto exposure with on-chain staking rewards, it could mark the start of a new category of blockchain-native income products.
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Unlike typical spot ETFs, the SSK fund is actively staking the Solana (SOL) it holds, aiming for an annualized staking yield of around 7.3%.
The fund stakes directly on-chain through Anchorage Digital, a federally regulated digital asset bank. SOL Staking ETF also incorporates liquid staking derivatives such as JitoSOL, offering flexibility while maximizing yield.
Until now, U.S.-based investors seeking yield from crypto staking typically had to manage private wallets, choose validators, or rely on opaque exchange staking products. SSK simplifies that process into a single, brokerage-accessible vehicle with institutional-grade custody.
SSK Launch Renews Talk of Staking in TradFi
While far smaller than the explosive launches of spot Bitcoin and Ethereum ETFs, which reportedly attracted over $4 billion and $1 billion in combined first-day inflows, the SSK debut still performed better than several other recent altcoin ETF launches..
Some analysts view the SSK fund as an early example of how staking-based ETFs might gain broader traction in traditional markets.
There is growing speculation that other asset managers, such as VanEck and Fidelity, may be exploring similar products based on Ethereum or other proof-of-stake blockchains with strong validator ecosystems.
On the Flipside
- The fundโs 1.4% annual fee is considerably higher than that of most passive ETFs, and the risks associated with staking remain.
Why This Matters
The Solana Staking ETFโs launch is a small but meaningful step toward integrating staking-based yields into regulated investment vehicles.
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The fund stakes Solana directly on-chain through Anchorage Digital, a federally regulated digital asset bank. It also uses liquid staking derivatives like JitoSOL to increase flexibility and maximize returns.
SSK could pave the way for a new category of blockchain-native income products by combining spot crypto exposure with staking rewards in a brokerage-accessible, regulated investment vehicle.
Besides typical market risks, staking involves potential risks such as validator failures and network issues. The fund also charges a 1.4% annual fee, higher than most passive ETFs.
