REX-Osprey Launches First U.S. Solana ETF With Staking on July 2

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Updated Jul 2, 2025, 02:30 PM

Rex Shares and Osprey Funds said their Solana-linked exchange-traded fund, the REX-Osprey Sol + Staking ETF, will begin trading in the United States on Wednesday, 2 July, under the ticker SSK. The product is the first U.S. crypto ETF to distribute on-chain staking rewards, giving investors exposure to Solana’s price while passing through the token’s yield.

Filed under the Investment Company Act and taxed as a C-corporation, the fund will hold SOL directly—primarily through a Cayman Islands subsidiary—and stake at least half of its holdings. The advisor charges a 0.75% management fee, with the overall expense ratio expected to rise to about 1.28% after corporate-tax expenses.

The Securities and Exchange Commission told the sponsors last week that it had no further comments on the filing, clearing the way for the launch. The move allows Rex-Osprey to reach the market ahead of at least nine spot Solana ETF proposals that are awaiting approval under a separate Securities Act process; Bloomberg Intelligence estimates a 95% chance those competing products will be cleared by an October deadline.

Industry analysts say the staking feature could help the fund attract yield-seeking investors and set a precedent for similar offerings tied to other digital assets. Solana’s SOL token rose roughly 5% to about $158 after the launch date was confirmed.

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