The REX-Osprey Solana + Staking ETF (SSK) absolutely crushed expectations, raking in $100 million within just 12 days of its July 2, 2025 launch. So much for fading into obscurity. The first U.S.-listed Solana ETF offers direct SOL exposure plus a sweet 7.3% annual staking yield, eliminating the headache of wallet management. It even outpaced existing futures-based Solana ETFs that managed only $65 million combined since March. There’s more brewing beneath this crypto surge.
When the REX-Osprey Solana + Staking ETF (SSK) launched on July 2, 2025, skeptics probably wondered if another crypto ETF would just fade into obscurity. Well, those doubts got crushed pretty quickly. The first U.S.-listed Solana ETF hit $100 million in inflows within just 12 days. That’s not exactly fading away.
SSK isn’t your typical crypto ETF either. Sure, it tracks Solana’s price, but it throws in a 7.3% annual staking yield on top. Basically, investors get SOL exposure plus passive income without dealing with wallets or staking headaches. Smart move, considering most people can barely remember their passwords.
The numbers tell the story. Before SSK showed up, futures-based Solana ETFs like SOLZ and SOLT were sitting around with about $65 million combined since their March 2025 launch. Then boom – $73 million floods into the staking ETF almost immediately. Following BlackRock’s in-kind redemption model, the ETF offers enhanced tax benefits and transaction efficiency for institutional investors. Institutional money talks, and apparently it’s saying “we want regulated Solana exposure.”
This isn’t happening in a vacuum. Major players like VanEck, Grayscale, Bitwise, and Invesco have all filed for Solana ETF products. The SEC has been pushing for quick resubmissions, with approval chances sitting above 90-99% by end of 2025. Over 70 altcoin ETF applications are currently pending with regulators, potentially channeling billions into the broader crypto market. The writing’s on the wall.
Solana’s price has been bouncing between $126 and $178 since the ETF buzz started. That’s still down 35% from January’s peak around $268, but analysts are eyeing potential rallies to $300+. ETF-driven sentiment and staking incentives could fuel that run. Solana currently maintains its position as the sixth largest cryptocurrency by market cap, underscoring its established presence in the competitive blockchain landscape.
The real kicker? SSK trades on Cboe BZX, making it accessible through regular brokerage accounts. No more explaining to your financial advisor why you need to buy crypto on sketchy exchanges. This could reduce volatility and boost liquidity as mainstream investors pile in.
The staking yield component might encourage longer-term holding too. When you’re earning 7.3% annually, panic selling becomes less appealing. That price stability could position Solana alongside Bitcoin and Ethereum as a legitimate institutional asset.
For an ETF that just launched, $100 million in 12 days suggests crypto enthusiasm isn’t dead. It’s just getting more sophisticated.
