Rex Shares Unveils First Staked Solana ETF in the United States

Rex Shares and Osprey Funds have officially launched the first staked Solana ETF in the United States, offering investors a new opportunity to gain exposure to Solana (SOL) with integrated on-chain staking rewards. Approved through an unusual “no further comments” approach by the U.S. Securities and Exchange Commission (SEC), the fund began trading on June 27, 2025, marking a significant milestone in the evolution of crypto ETFs in the American financial landscape.

SEC Quietly Clears the Path for the Solana ETF

Rather than issuing a formal approval notice, the SEC simply allowed the Solana ETF to proceed by withholding objections. This move reflects growing regulatory comfort with blockchain-based assets and sets a precedent for how future crypto-related funds might gain traction in U.S. markets. What makes the fund stand out even further is its C corporation structure, which subjects it to double taxation but enables more flexible distribution of staking rewards directly to investors.

What Makes This Solana ETF Unique

The ETF, officially named the Rex-Osprey SOL and Staking ETF (SSK), primarily holds spot staked Solana, with 40% of its assets distributed across other ETF products that also hold staked SOL. A smaller allocation is dedicated to Solana liquid staking tokens like JitoSOL, a protocol that functions similarly to Ethereum’s Lido. Jito stands out by using maximal extractable value (MEV) strategies, optimizing transaction order for maximum validator returns. This strategic allocation not only enhances yield but also diversifies risk.

Key Highlights of the Solana ETF Rollout

• First U.S.-based Solana ETF with built-in staking rewards
• Launched under a C corporation structure to support reward distribution
• Holds staked SOL, related ETF products, and liquid staking tokens like JitoSOL
• Approved through an informal SEC response, indicating shifting regulatory attitudes
• MEV-powered protocols included for optimized staking returns

By pioneering this Solana ETF, Rex Shares positions itself at the forefront of digital asset innovation, potentially paving the way for broader adoption of staked crypto investment products.

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