Solana Staking ETF SSK Sees $12 Million Inflows on Debut

Generated by AI AgentCoin World
Thursday, Jul 3, 2025 10:30 am ET1min read
SOL
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The first U.S. crypto staking exchange-traded fund (ETF) made a strong debut, with the REX-Osprey + Staking ETF (SSK) attracting $12 million in inflows on its opening day. This impressive performance was highlighted by Eric Balchunas, an ETF analyst, who noted that the fund's debut outpaced the performance of other

Solana
and XRP futures ETFs. For context, it took three months for the SOLZ ETF to achieve the same level of inflows.

The Solana ETF, trading under the ticker $SSK, began trading on Wednesday on the Cboe BZX Exchange at $25.47 per share. The fund's debut was marked by significant pre-market volume, with $3 million in trading activity, compared to $260,000 for SOLZ. This indicates a robust start and suggests another healthy trading day ahead.

Unlike traditional crypto ETFs, SSK allows investors to participate in Solana’s staking mechanism, a process typically restricted through traditional brokerage accounts. The fund allocates approximately 80% of its assets to direct Solana holdings, with more than half of those tokens actively staked to earn blockchain rewards. This staking component is projected to deliver annual yields ranging from 7% to 7.3% for investors.

The remaining 20% of the ETF’s assets are invested in international Solana-related products and liquid staking tokens like JitoSOL. The ETF’s legal framework, structured as a C-corporation under the Investment Company Act of 1940, helped it circumvent regulatory obstacles that have stalled other cryptocurrency ETFs. This approach requires a qualified custodian, rather than the fund issuer, to hold underlying assets, with Anchorage Digital serving as both custodian and staking provider.

The success of SSK could signal strong institutional demand for spot Solana ETFs. The SEC recently requested public input on spot Solana ETF proposals from Franklin Templeton and

WisdomTree
, with analysts assigning a 95% chance of approval by the end of 2025. This development underscores the growing interest and potential for further investment in Solana-related financial products.