First-Ever U.S. Crypto Staking ETF Hits Market with Solana Offering

First-Ever U.S. Solana Staking ETF Launches with Anchorage Digital as Key Partner

REX Shares and Osprey Funds have introduced the REX-Osprey Solana + Staking ETF (ticker: SSK), marking the first U.S. exchange-traded fund focused on crypto staking. Anchorage Digital has been chosen as the fund’s sole custodian and staking services provider.

Trading for SSK kicked off on Wednesday on the Cboe exchange, with shares opening at $25.47 each. The ETF allows investors to gain exposure to Solana (SOL), which climbed 2% over the past 24 hours to reach $150, while also tapping into staking rewards.

Unlike spot bitcoin and ethereum ETFs governed under different rules, the SSK operates under the Investment Company Act of 1940. This legislation requires crypto assets to be held by a qualified custodian instead of the fund’s issuer. Anchorage Digital, which stands out as the only federally regulated bank authorized to both custody and stake crypto assets, is tasked with these responsibilities.

“Staking is the next frontier in crypto ETFs,” said Nathan McCauley, CEO and co-founder of Anchorage Digital. “Bringing staking ETFs to market is a major step for consumers and a milestone toward broader crypto access.”

The SSK ETF offers indirect exposure to Solana’s price performance and captures staking yields that support Solana’s blockchain network. Traditionally, staking involved technical know-how and direct interaction with blockchain protocols. By packaging staking into an ETF, REX Shares and Osprey Funds are simplifying access for investors who prefer to participate through conventional brokerage accounts.

The launch of SSK reflects the ongoing evolution of the crypto ETF market, which is expanding beyond bitcoin and ether products. Fund issuers are exploring innovative ways to offer regulated investment vehicles tied to digital assets. Staking ETFs are emerging as the industry’s next significant innovation, blending yield opportunities with exposure to crypto markets under SEC oversight.