First U.S. Solana Staking ETF Launches, Partnering with Anchorage Digital

REX Shares and Osprey Funds have unveiled the REX-Osprey Solana + Staking ETF (SSK), marking the debut of the first crypto staking exchange-traded fund (ETF) in the United States. Anchorage Digital has been chosen as the fund’s exclusive custodian and staking partner.

SSK began trading on Wednesday on the Cboe exchange, opening at $25.47 per share. The fund offers investors exposure to Solana (SOL), which has risen 2% in the past 24 hours to $150, while simultaneously allowing participation in staking rewards.

Unlike spot bitcoin and ethereum ETFs that operate under separate regulatory regimes, SSK is structured under the Investment Company Act of 1940. This requires the underlying crypto assets to be held by a qualified custodian rather than the fund issuer itself. Anchorage Digital, recognized as the only federally regulated bank permitted to both custody and stake digital assets, will provide these services.

“Staking is the next chapter in the crypto ETF story,” said Nathan McCauley, CEO and co-founder of Anchorage Digital, in a statement. “The launch of crypto staking ETFs is a win for consumers and a significant step toward full access to the crypto ecosystem.”

The SSK ETF grants investors indirect exposure to Solana’s price movements, while also capturing staking yields that support the security and operation of the Solana network. Traditionally, staking required technical expertise and direct engagement with crypto protocols. By wrapping staking into an ETF, REX Shares and Osprey Funds aim to simplify the process and make it accessible to everyday investors through standard brokerage accounts.

The introduction of SSK comes as the crypto ETF market matures beyond bitcoin and ether, with issuers seeking innovative ways to offer regulated access to blockchain-based investment products. Staking ETFs represent the industry’s next evolution, merging yield generation with digital asset exposure in SEC-regulated vehicles.