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Solana (SOL) News: SSK Opens for Trade

  • The REX-Osprey Solana Staking ETF began trading on July 2, 2025, on the Cboe BZX exchange in Chicago as the first U.S. staking-enabled Solana ETF.
  • This ETF launch designed a C-corporation legal framework governed by the 1940 Investment Company Act, enabling it to circumvent the standard SEC approval procedures that have hindered other crypto ETFs.
  • The fund, managed by REX Financial and Osprey Funds with Anchorage Digital as custodian and staking partner, offers shareholders a way to participate in Solana’s performance while earning rewards through its staking protocol.
  • Within 20 minutes, the ETF recorded roughly $8 million in trading volume and helped push Solana's price above $149.75, with market capitalization rising by $3.95 billion to about $81.58 billion.
  • Experts estimate there is a very high likelihood that a Solana ETF will be approved by regulators sometime before the close of 2025, reflecting increasing acceptance and an anticipated surge of new crypto ETF launches in the latter half of the year.
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Coingape broke the news in on Wednesday, July 2, 2025.
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