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Wall Street Gets Its First Taste of Staked Crypto: Solana ETF Launch Sends Price Soaring
While crypto investors have been waiting for more ways to earn passive income, REX Shares and Osprey Funds just dropped a game-changer. Their new Solana ETF, ticker $SSK, launches July 2, 2025, marking the first U.S. spot crypto ETF to offer on-chain staking rewards. This isn’t just another crypto fund sitting in your portfolio doing nothing.
The ETF works like a traditional dividend-paying stock, except instead of quarterly payouts from company profits, investors earn rewards from helping secure the Solana blockchain. When you buy shares, your assets get staked automatically, generating passive income while you hodl. It’s like getting paid to park your car in a secure lot that keeps the whole neighborhood safe.
What makes this launch particularly smooth is the fund’s structure under the Investment Company Act of 1940. This regulatory framework meant faster approval compared to the lengthy processes other crypto ETFs faced. The SEC’s green light signals growing acceptance of staking as a legitimate investment feature, potentially opening doors for similar products down the road.
The market clearly liked what it heard. Solana’s price jumped roughly 5% when news broke, then settled slightly above previous levels. Trading volume exploded with a 133.73% surge to $4.75 billion in just 24 hours, showing massive investor interest. This reaction reflects both immediate excitement and longer-term confidence in staking-enabled ETFs reshaping the crypto investment landscape. The underlying Solana network’s ability to process 65,000 transactions per second makes it particularly attractive for institutional-grade staking operations.
For traditional investors who’ve been crypto-curious but nervous about managing wallets or maneuvering exchanges, this ETF removes major barriers. They can buy through regular brokerages, enjoy SEC oversight, and still participate in blockchain rewards. It’s bringing Wall Street comfort to crypto yields. The ETF specifically targets conservative investors who want exposure to crypto returns without the technical complexity of direct ownership.
The competitive implications stretch beyond just Solana. With several other issuers waiting for their own spot Solana ETF approvals, the race is on to capture institutional money seeking regulated crypto exposure with income potential. This launch could trigger a wave of staking-integrated products across different blockchain networks.
As crypto continues maturing, products like SSK bridge the gap between traditional finance expectations and blockchain innovation. Investors no longer need to choose between regulatory protection and staking rewards. They can have their cake and stake it too.
