REX Shares has announced that its Solana staking ETF will begin trading this Wednesday. The fund, listed under the ticker SSK, will provide US investors with exposure to Solana (SOL) while distributing staking rewards earned on-chain.
The ETF uses a C-corporation structure under the Investment Company Act of 1940, which does not require the typical 19b-4 exchange rule-change process. This structure categorises staking rewards as dividend income, allowing the product to bypass certain SEC delays and avoid direct engagement on staking-related regulatory concerns that have held up other crypto ETFs.
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Product details
At least 80% of the ETF’s net assets will be invested in Solana, with at least 50% of the assets staked to generate yield. Unlike traditional ETFs tracking only price, this fund combines spot exposure with staking rewards. Anchorage Digital will serve as the qualified custodian, offering regulated custody and staking support.
The fund will offer 24/5 liquidity and commission-free access on supported platforms. Staking rewards will be transparently distributed to shareholders as dividends after taxation within the C-corporation.
Read also: Canada Approves Solana Staking ETFs
SEC approval process
The ETF filing became effective after the SEC confirmed it had no further comments on the structure. Earlier concerns focused on whether such funds meet the legal definition of an investment company, but REX-Osprey proceeded following informal confirmation from the SEC that there were no outstanding issues.
The approval marks the first US ETF to include staking income distribution. This regulatory route differs from pending spot Solana ETF applications, which remain under SEC review and do not incorporate staking components.
Market reaction
Following the announcement, Solana’s price rose nearly 4%, reflecting strong investor interest in yield-generating ETFs.
Wider implications for crypto ETFs
The approval could influence upcoming applications for other staking-based ETFs, including those for Ethereum, as staking has become a major source of revenue for custodians and yield-seeking investors. REX-Osprey’s structure demonstrates a potential regulatory pathway for future funds aiming to combine token exposure with on-chain staking income within traditional financial products.
The launch is scheduled for July 2, making it the first staking ETF in the United States and expanding regulated options for passive crypto yield exposure without the operational requirements of self-custody or direct staking.
Read also: Why Not Staking Your Solana Might Be Costing You Money
