U.S. Sees Launch of First Solana Staking ETF, Anchorage Digital Joins as Partner
REX Shares and Osprey Funds have rolled out the REX-Osprey Solana + Staking ETF (SSK), introducing the first U.S. exchange-traded fund designed around crypto staking. Anchorage Digital has been selected to serve as both custodian and staking partner for the fund.
SSK began trading on the Cboe exchange on Wednesday, debuting at $25.47 per share. The fund allows investors to gain exposure to Solana (SOL), which has risen 2% in the past 24 hours to hit $150, while also letting them benefit from staking rewards.
Unlike spot bitcoin and ethereum ETFs, which are regulated under different frameworks, the SSK operates under the Investment Company Act of 1940. This means a qualified custodian, rather than the ETF issuer, must hold the crypto assets. Anchorage Digital, recognized as the only federally chartered bank permitted to both custody and stake digital assets, will oversee these responsibilities.
“Staking represents the next step in the evolution of crypto ETFs,” said Nathan McCauley, Anchorage Digital’s CEO and co-founder. “Launching staking ETFs is a significant victory for consumers and helps pave the way for broader crypto adoption.”
The SSK ETF offers investors indirect exposure to Solana’s price action, while also capturing staking yields that support the blockchain’s security and operations. Typically, staking has required technical expertise and direct participation in crypto protocols. By integrating staking into an ETF structure, REX Shares and Osprey Funds aim to make it more accessible for everyday investors through traditional brokerage accounts.
The arrival of SSK comes as the crypto ETF landscape expands beyond bitcoin and ether, with fund managers looking for innovative ways to provide regulated investment avenues into the blockchain space. Staking ETFs are seen as the industry’s next major leap, blending income potential with exposure to digital assets in an SEC-regulated vehicle.
