The newly launched REX-Osprey Solana + Staking ETF (SSK) has made a significant impact on its first trading day, attracting investor attention and boosting Solana’s (SOL) price above $150.
SSK: First U.S.-Listed Crypto Staking ETF
The SSK ETF, which gives exposure to Solana (SOL) along with staking rewards, debuted with a trading volume of $33 million. According to Bloomberg ETF analyst Eric Balchunas, the launch performance was “better than average” compared to most new ETFs in the U.S. market.
This product is the first crypto staking ETF to be listed in the U.S., offering non-technical investors a way to benefit from staking yields traditionally available only to crypto-savvy users.
“SSK allows investors to participate in Solana’s growth and staking returns without holding or managing the underlying asset,” analysts noted.
Market Reaction: SOL Price Surges Above $150
On the ETF’s debut, Solana’s price jumped 4%, reflecting renewed bullish sentiment among traders and institutional buyers. SOL is now trading above $150, regaining key technical levels and building momentum amid ETF-driven interest.
This movement stands in contrast to the muted launches of other crypto ETFs, including recent Solana and XRP futures products, which failed to attract similar volume or investor enthusiasm.
Regulatory Shift Paves the Way
The SSK ETF launch comes shortly after a landmark SEC ruling that clarified the status of crypto staking under U.S. securities laws. While Ethereum staking ETFs remain unavailable in the U.S., similar products have already been introduced in Canada and Hong Kong, setting a global trend for regulated staking investment products.
The ETF structure now provides a compliant way to gain passive income from crypto without direct exposure to wallets or networks.
What’s Next for SOL and Crypto ETFs
Analysts expect increased demand for similar staking-based products, especially if SSK’s performance remains strong in the coming weeks. As more investors seek yield-bearing crypto instruments, ETFs like SSK could reshape how traditional markets interact with decentralized assets.
Key Takeaways:
- SSK is the first U.S. crypto staking ETF, debuting with $33M in volume.
- SOL rose 4%, trading above $150 amid ETF excitement.
- Regulatory clarity around staking is opening doors for more institutional products.
Stay tuned for further updates on Solana, crypto ETFs, and evolving market opportunities.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.