REX Shares and Osprey Funds have chosen Anchorage Digital as the exclusive custodian and staking partner for the recently launched REX-Osprey Solana + Staking ETF (SSK), which is now the first U.S.-listed crypto staking exchange-traded fund.
The fund provides investors with the opportunity to gain exposure to Solana while simultaneously earning staking rewards. Initially trading at $25.47 per share, the ETF took its first steps on the Cboe exchange.
What to know:
- The SSK began trading on the Cboe exchange, opening doors for investors.
- Custody and staking of the fund’s assets will be managed by Anchorage Digital.
- This marks a significant milestone as it is the first U.S.-listed ETF of its kind.
Nathan McCauley, CEO of Anchorage Digital, emphasized that staking heralds a new chapter in the crypto ETF narrative. He noted, “The launch of crypto staking ETFs signifies a victory for investors and an important advancement in ensuring full accessibility to the crypto ecosystem.”
SSK enables investors to indirectly participate in Solana while benefitting from the blockchain’s staking mechanism, which can provide additional yield by securing the network. This process previously required direct engagement with crypto protocols, but the packaging of staking within an ETF format allows broader access for investors.
As the crypto ETF market matures beyond Bitcoin and Ethereum, this introduction of staking ETFs signifies a progress for the industry, merging income-generating features with exposure to digital assets under an SEC-regulated investment framework.
