The Solana Staking ETF, ticker $SSK, began trading on July 2, 2025, becoming the first ETF in the U.S. to offer direct exposure to Solana and staking rewards.
Debut of $SSK in the Market
$SSK closed its debut day with **$33 million** in trading volume, significantly outperforming both SOL and XRP futures ETF launches.
Why $SSK Matters for Investors
$SSK allocates a significant portion of its holdings to staked SOL, offering potential annual rewards of around 7.3%. It operates under the Investment Company Act of 1940, which may pave the way for staking-enabled ETFs.
What Investors Should Know About $SSK
With a 1.4% annual expense ratio, investors must balance the ROI from staking against these costs. Additionally, major firms like Fidelity and VanEck may propose competing ETFs with possibly lower fees.
The launch of $SSK reflects growing interest in alternative cryptocurrencies, potentially leading to a new phase of Solana's incorporation into traditional investment portfolios.
