America’s first spot Solana ETF and Staking Features It has been officially launched and has since debuted. I was attracted to Caution from market observers.
James Seyfert, a senior ETF analyst at Bloomberg, revealed this in an X post. According to For him, the Rex-Soprey Sol + Staking ETF, trading under the ticker SSK, began its debut with a trading volume of $8 million within the first 20 minutes. Seyffart described this as a healthy start to a completely new ETF.
The first spot at Solana Staking ETF is officially live. A healthy start for the new ETF with a trade of about $8 million in the first 20 minutes. pic.twitter.com/hbl7zzvv1f
– James Seyfert (@jseyff) July 2, 2025
How does Rex-Sosprey Sol + Staking ETF work?
In particular, this New ETF Give investors a direct way to get staking rewards while being able to get access to Solana (SOL). About 80% of the fund’s assets enter Spotsols, and managers, actively bet on more than half of that, produce yields on the chain.
Investors are profiting directly from these staking returns, and currently offer annual yields of around 7% to 7.3%. Meanwhile, the remaining portfolio Included other Solana Products traded on exchanges, generally From non-US markets, along with small ones I’ll slice it Liquid Staking Assets Like Zitozoll.
Interestingly, Rex and Osprey constituted the ETF as C Corporation under the Investment Companies Act of 1940. The move helped clarify the regulatory hurdles that delayed or blocked similar crypto funds. In the past.
This structure gives funds a clear path to operating and distributing staking compensation, but also introduces less favorable tax treatment compared to traditional ETF models. This is something that institutional investors need to weigh. Importantly, ETFs have a 0.75% management fee.
Regulation advances towards the start
Also, the road to the launch was not smooth. Rex and Osprey first submitted their registration earlier this year, pitching a model that combines Spot Crypto Holdings and Kataking Income.
However, on May 30th, SEC I asked them Quote the question and delay the startup Around it How to classify funds. The team then rebuilt the product into C-CORP to address these concerns. By June 27th, SEC I said The publisher did not have any further comments, which industry insider I saw it As Quiet Green light. The fund was officially made public today.
Pass for the launch of traditional Spot Solana ETF products
Interestingly, the launch took place one day after the SEC was approved for the Grayscale Digital Large Cap Fund (GDLC), and one day after Solana was held alongside Bitcoin, Ethereum, XRP and Cardano.
Seyffart I’ve said it before That GDLC is likely to go first, followed by other spots Solana ETF products. With both GDLC and SSK ETFs currently trading, investors are confident that traditional spot Solana ETFs could make their way next.
This optimism in particular continues to grow. The SEC is currently reviewing multiple Solana ETF applications from top companies such as Vaneck, Franklin Templeton, Galaxy Digital, Fidelity and Grayscale.
The SEC has not yet approved them, but continues to review updated filings, pushing for a final decision deadline in late July. Several applicants tweaked the proposal to include redemption of the physical item; Staking function.
