The Solana ETF is about to be launched, and the staking function has been approved. Will ETH follow suit?

REX-Osprey announced the upcoming launch of the first staking crypto assets ETF in the United States, SSK, which tracks the performance of Solana and generates returns through on-chain staking. Bloomberg ETF analyst Eric Balchunas also confirmed that the SEC had no further comments, indicating that the ETF had adjusted its structure to meet regulatory requirements. If successfully listed, it would not only represent the success of the Solana Spot ETF but also open up the feasibility of passive income through staking. Previously, the SEC did not approve Spot ETFs for ETH that included staking features, so if this case passes, does it also mean that the ETH Spot ETF will open up staking functionalities?

REX-Osprey Introduction

REX-Osprey is a fund brand launched in collaboration between two institutions, combining the expertise of REX Shares and Osprey Funds, focusing on the development of innovative crypto assets ETFs.

REX Shares is an innovative asset management company focused on thematic ETFs, having previously launched multiple ETFs related to volatility, leverage, and blockchain.

Osprey Funds is known for providing digital asset investment products, having launched products such as the Osprey Bitcoin Trust (OBTC), making it one of the competitors of Grayscale (Grayscale). OBTC was later acquired by Bitwise and transformed into its Bitcoin ETF (BITB) shares.

If Solana staking is approved, will ETH also be opened?

According to the documents submitted to the SEC, the fund launched by REX-Osprey under the code SSK will be listed on the Nasdaq exchange. SSK seeks to directly invest more than 50% of its assets in the reference asset (Solana) and aims to generate income and capital appreciation through staking.

If SSK is successfully listed, it not only represents the success of the Solana Spot ETF, but also opens up the feasibility of passive income from staking. Previously, the SEC did not approve Spot ETFs for ETH that included staking features. If this case is approved, does it also mean that the ETH Spot ETF will open up staking features?

Fidelity, Bitwise, and other companies have also submitted applications and are ready to launch at any time.

According to a post by Bloomberg ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) stated that there are no further comments, indicating that the ETF may have adjusted its structure to meet regulatory requirements and is ready to launch.

Earlier, Bloomberg estimated the likelihood of Solana ETF being approved this year at 90%, unless extended, with the SEC's final approval deadline on 10/10. Several asset management companies, including Grayscale, VanEck, 21Shares, Canary, Bitwise, Franklin, and Fidelity (, have already submitted applications.

This article discusses the upcoming launch of the Solana ETF and whether the staking feature for ETH will follow suit. Originally appeared in Chain News ABMedia.