The Solana staking ETF from REX-Osprey has achieved a remarkable milestone, surpassing $100 million in assets under management just 12 trading days after its July 2 launch. The SSK fund represents a groundbreaking approach to cryptocurrency investing, becoming the first US-listed ETF to offer both direct Solana exposure and on-chain staking rewards to investors. Unlike traditional crypto ETFs registered under the Securities Act of 1933, SSK operates under the Investment Company Act of 1940, enabling it to distribute staking income as dividends to shareholders.
REX-Osprey CEO Greg King attributed the fund’s rapid growth to strong investor demand for blockchain-native investment products packaged in familiar ETF structures. The timing has proven favorable, with Solana trading above $200 and gaining 25.3% over the past week, while the fund appeals particularly to registered investment advisers seeking both asset exposure and monthly income distributions. King revealed plans to expand the company’s staking ETF lineup, with similar structures already filed for XRP, Dogecoin, and Ethereum, demonstrating confidence in the staking-focused investment approach.
The SSK fund’s success reflects a broader institutional shift toward staking-based returns as traditional fixed income alternatives become less attractive amid plateauing global interest rates. Asset managers are increasingly exploring crypto yield strategies to enhance portfolio returns, with staking platforms and tokenized Treasury products experiencing steady institutional inflows. This trend coincides with improving regulatory clarity in the United States and moderating itcoin">Bitcoin price volatility, creating more favorable conditions for sophisticated crypto investment products.
SSK’s breakthrough could establish a precedent for future staking ETFs, with major players including Fidelity, 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary Capital having filed for similar Solana-based products. While current Ethereum ETFs don’t offer on-chain staking capabilities, clearer SEC guidance and compliant regulatory structures could open opportunities for expanded staking ETF offerings across multiple blockchain networks, potentially transforming how institutions access cryptocurrency yields.
