Crypto markets have recorded gains this week, driven by positive regulatory news from the United States. The U.S. Securities and Exchange Commission has approved new multi-crypto exchange-traded funds (ETFs), as well as the country’s first Solana staking ETF. These approvals have boosted investor sentiment, reversing part of the losses seen in recent weeks.
Bitcoin rose above key resistance levels following the announcements, with other major tokens also moving higher. Trading volumes increased, suggesting renewed institutional and retail interest in the sector.
First Multi-Crypto ETF Approved
The SEC approved an ETF covering multiple cryptocurrencies in a single product. Managed by Grayscale Investments, the fund tracks the CoinDesk 5 Index and includes Bitcoin, Ethereum, XRP, Solana, and Cardano. Approximately 80% of the fund is weighted toward Bitcoin.
This ETF provides traditional investors with exposure to several major tokens under one regulated structure. Asset managers can now offer diversified crypto exposure to clients without the operational complexities of managing multiple wallets or custody solutions. Analysts suggest the approval may pave the way for similar multi-crypto products in the future.
Read also: The Future of Crypto ETFs: Will We See a Crypto Index Fund Soon?
First Solana Staking ETF Goes Live
In a separate milestone, the first Solana staking ETF in the U.S. launched today on the Cboe BZX exchange. Approved two days earlier, the REX-Osprey Solana + Staking ETF (ticker SSK) provides investors with direct exposure to Solana (SOL) while distributing staking rewards earned on-chain.
Unlike traditional ETFs that track only token prices, the SSK ETF combines spot exposure with staking income. At least 50% of the fund’s Solana holdings will be staked, and the rewards will be distributed to shareholders as dividends. Anchorage Digital acts as the custodian and staking partner, combining federally regulated custody with on-chain operational support.
The ETF uses a C-corporation structure to categorise staking rewards as dividend income, bypassing certain approval processes required for standard spot ETFs. This approach avoided delays often faced by staking-based products seeking SEC approval.
Market Reaction
The approvals have supported prices across major cryptocurrencies. Solana is up nearly 5% over the week. Technical indicators for Bitcoin also shifted to neutral or slightly bullish.
Market analysts note that while the rebound has lifted sentiment, further momentum will depend on broader economic conditions, upcoming inflation data, and continued regulatory clarity.
What’s Next?
With the first staking ETF now live and the multi-crypto ETF approved, investors are watching to see whether these products attract significant institutional interest and inflows. For now, crypto prices continue to trade higher, with broader sentiment improving as new regulated investment pathways become available.
