REX-Osprey Solana + Staking ETF Records $8 Million Volume in First 20 Minutes

The launch of the REX-Osprey Solana + Staking ETF marks a significant milestone in the U.S. cryptocurrency market, offering investors exposure to Solana and integrated staking rewards. This collaboration between REX Shares and Osprey Funds addresses the growing interest in crypto assets, bridging traditional finance with digital assets. The ETF, with the ticker symbol $SSK, recorded approximately $8 million in trading volume within the first 20 minutes of its launch, indicating strong investor confidence and robust demand.

The ETF's structure as a C-corporation introduces certain tax considerations and is regulated under the Investment Company Act of 1940. This regulatory milestone highlights the potential for enhanced institutional participation in crypto markets. The ETF includes Solana (SOL) as its primary asset and integrates staking features that offer additional yields, making it an attractive option for both retail and institutional investors.

The launch of the REX-Osprey Solana + Staking ETF is expected to influence on-chain staking activities and potentially increase liquidity and interest in Solana's market presence. The ETF's success could pave the way for future crypto ETFs, depending on regulatory and market acceptance trends. The swift volume accumulation within minutes of opening suggests a strong investor appetite for exposure to Solana, with both retail and institutional investors actively participating.

The implications of the ETF launch extend beyond immediate market reactions. Experts highlight that such financial products may lead to enhanced institutional participation in crypto markets. The ETF's structure and regulatory compliance set a precedent for other asset management companies seeking to launch diversified cryptocurrency ETFs. The SEC's accelerated approval process suggests a potential shift in its stance towards digital asset products, which could influence the nine pending Solana spot ETF applications.

The launch of the REX-Osprey Solana + Staking ETF introduces a new model for yield-generating digital asset products. This development, along with the approval of the Grayscale CoinDesk Crypto 5 ETF, collectively shapes the future direction of products in this rapidly evolving field. The Grayscale CoinDesk Crypto 5 ETF, now renamed from the Grayscale Digital Large Cap Fund, offers investors a diversified portfolio of five leading cryptocurrencies, including Solana, Bitcoin, Ethereum, XRP, and Cardano. The ETF will track the CoinDesk 5 Index, which aims to measure the performance of the five largest and most liquid digital assets traded in U.S. dollars.

The transition of the GDLC fund to an ETF traded on the NYSE Arca provides broader investment opportunities. As of July 1, 2025, the fund manages over $750 million in assets. The ETF will rebalance quarterly to align with the CoinDesk 5 Index, ensuring it always represents the current market capitalization and liquidity conditions. This dynamic management approach allows the ETF to adjust its risk exposure as the digital asset landscape evolves. The launch of the REX-Osprey Solana + Staking ETF, with the ticker symbol $SSK, marks a new domain for cryptocurrency ETFs, including staking rewards. Within the first 20 minutes of trading, it recorded over $8 million in volume. Unlike recently registered spot BTC and ETH ETFs under the Securities Act of 1933, the new REX-Osprey ETF complies with the more stringent regulations of the Investment Company Act of 1940. This distinction requires qualified custodians to hold the assets, with Anchorage being the only federally regulated bank currently authorized to simultaneously custody and hold digital assets. The ETF allows direct participation in SOL trading and distributes staking rewards to investors. The SEC's accelerated approval process suggests a potential shift in its stance towards digital asset products. This launch could influence the nine pending Solana spot ETF applications, potentially paving the way for more funds supporting staking and specific assets.