Solana ETF Staking Crypto Gains $33M First Day

1. Solana Launches First Staking ETF in the U.S.

On July 2, 2025, REX Shares and Osprey Funds officially listed the first Solana staking ETF (ticker SSK) on the Cboe BZX Exchange. This is the first U.S. ETF combining Solana (SOL) holdings with on-chain staking to generate passive income for investors. The fund employs a C-corp structure under the Investment Company Act of 1940, enabling it to navigate regulatory hurdles associated with staking.

2. Impressive Trading Volume on Debut Day

On its first trading day, the SSK ETF recorded a trading volume of $33 million and attracted $12 million in new inflows. This surpasses the debut volumes of previous XRP and Solana futures ETFs, indicating strong investor interest in staking-integrated products.

3. Staking Yields and Fund Structure

The SSK ETF allocates approximately 40% of its assets to staking Solana, offering an estimated annual yield of around 7.3% to investors. The fund utilizes a C-corp structure, allowing it to implement staking without the need for 19b-4 approval, thereby expediting its launch.

4. Market Impact and Future Expectations

The launch of Solana's first staking ETF signifies a milestone in integrating crypto products into traditional financial markets. SSK's success may pave the way for future staking ETFs, especially as demand for yield-generating crypto investment products continues to rise.