- SSK, the primary U.S. ETF providing Solana staking rewards, launched at $25.47 per share on Cboe, backed by Anchorage Digital as custodian.
- Not like Bitcoin and Ethereum ETFs, SSK is ruled below the Funding Firm Act of 1940, requiring safe third-party custody.
- The ETF opens staking to on a regular basis buyers, combining passive yield with crypto publicity in a completely regulated car.
A contemporary milestone in crypto investing simply hit Wall Road — the REX-Osprey Solana + Staking ETF (SSK) formally launched on the Cboe alternate, turning into the primary U.S.-listed ETF to supply staking rewards alongside digital asset publicity.
Buying and selling kicked off Wednesday at $25.47 per share, with Solana (SOL) hovering close to $152.96, up about 2% over the previous 24 hours. The fund doesn’t simply monitor Solana’s worth—it additionally lets buyers earn staking rewards, with out having to run a validator or mess with difficult crypto wallets.
Anchorage Digital to Deal with the Heavy Lifting
Anchorage Digital, a reputation you would possibly acknowledge for those who’ve been following regulated crypto custodians, has been chosen because the unique custodian and staking companion for this ETF. That’s a giant deal—Anchorage is at the moment the one federally chartered financial institution that may each custody and stake digital belongings, which makes them a pure match for this type of product.
“Staking is the following chapter within the crypto ETF story,” mentioned Nathan McCauley, Anchorage’s CEO and co-founder. He sees this as a transparent win for retail buyers who need in on staking rewards however want to stay with acquainted instruments like brokerage apps.
Why This ETF Feels Completely different
Not like spot Bitcoin or Ethereum ETFs, SSK is registered below the Funding Firm Act of 1940. Meaning it follows a unique set of regulatory guidelines—ones that require a certified custodian (like Anchorage) to carry the fund’s belongings, not the issuer. This added layer of safety helps reassure regulators and buyers alike.
Extra importantly, it brings staking—a course of that was once fairly area of interest—into the mainstream. Buyers can now earn passive revenue from securing the Solana community simply by proudly owning an ETF. No staking nodes. No blockchain confusion. Simply click on, purchase, and maintain.
A Broader Shift in ETF Technique
The arrival of SSK marks a turning level. The crypto ETF area is slowly evolving previous primary publicity to Bitcoin and Ether. Now it’s about unlocking yield and opening up blockchain performance in ways in which conventional buyers can simply entry. And with the SEC concerned, it provides the entire construction a sheen of legitimacy some crypto initiatives have lacked.
SSK might pave the way in which for comparable merchandise throughout different proof-of-stake networks. If it catches on, count on extra ETFs providing actual utility, not simply worth hypothesis.