The inaugural cryptocurrency ETF offering on-chain staking rewards in the U.S. will begin trading this Wednesday, according to REX Shares. This innovative product provides investors with exposure to Solana (SOL) while simultaneously earning staking rewards—a first for the exchange-traded fund industry.
Solana's price surged nearly 4% within an hour of the announcement, reflecting strong market interest. The ETF is expected to list under the ticker symbol SSK.
Major Milestone for Solana ETFs in the U.S.
This groundbreaking ETF combines direct Solana access with staking-derived yield. Investors will hold shares reflecting both SOL’s price performance and on-chain staking rewards.
Key features include:
- First U.S. ETF to distribute native staking income to shareholders
- Unique regulatory structure bypassing lengthy SEC approval processes
- 24/5 liquidity for U.S. investors
- Transparent reward distributions
👉 Discover how this ETF could reshape crypto investing
Regulatory Innovation
Unlike traditional ETFs requiring SEC approval under exchange regulations, the REX-Osprey SOL + Staking ETF operates through a 1940 Investment Company Act-registered C-corporation. This structure:
- Eliminates need for 19b-4 filings
- Avoids direct SEC scrutiny on staking-related enforcement issues
- Received informal SEC confirmation of no outstanding comments
Market Implications
- Competitive Pressure: Accelerates timelines for pending Solana spot ETF applicants like VanEck and 21Shares
- Regulatory Blueprint: Demonstrates compliant staking-yield integration within ETF frameworks
Investor Advantages:
- Full asset exposure through regulated vehicles
- Commission-free access on select platforms
- Eliminates exchange staking program risks
👉 Explore Solana investment opportunities today
Frequently Asked Questions
How does staking work in this ETF?
The fund automatically stakes underlying SOL tokens, passing rewards to shareholders through periodic distributions while maintaining price exposure.
What makes this different from crypto exchange staking?
Investors gain regulated exposure without locking assets or managing validator nodes, with protections under investment company laws.
Will this ETF be available internationally?
Currently designed for U.S. investors only, though the structure may inspire similar global products.
How often are staking rewards distributed?
The fund anticipates quarterly distributions, with exact schedules disclosed in prospectus materials.
Does this mean SEC approves of Solana staking?
While not an explicit endorsement, the lack of regulatory objections suggests evolving acceptance of proof-of-stake mechanisms.
Price performance data sourced from BeInCrypto market tracking platforms. All investment decisions should be made after careful consideration of individual risk tolerance.