The first U.S.-based Solana ETF with staking, the REX-Osprey SOL+Staking ETF, is launching on July 2, 2025, under ticker symbol SSK, providing exposure to Solana (SOL) and allowing investors to earn passive income through staking.
SOL's price surged to $161 following the announcement of the ETF but has since dropped to around $151 as market expectations adjust.
The SOL ETF is seen as a potential trigger for an altcoin supercycle, with other firms like Invesco, Bitwise, and VanEck also planning to launch their Solana ETFs, indicating broader institutional interest in altcoin funds.
Concerns exist about the upcoming unlocking of approximately $585 million worth of SOL, which could impact SOL's price and overall market sentiment towards the ETF.