The U.S. Securities and Exchange Commission (SEC) is accelerating the approval process for Solana exchange-traded funds (ETFs) following the launch of the REX-Osprey Solana + Staking ETF (SSK) on July 2, 2025. This move is a significant step in integrating cryptocurrency assets into traditional financial markets.
The SSK ETF, a collaboration between REX Shares and Osprey Funds, offers investors exposure to Solana (SOL) and staking rewards. The SEC has requested prospective issuers to submit amended S-1 filings, particularly addressing in-kind redemptions and staking mechanisms. This suggests potential approvals in the coming months.
State Street forecasts that crypto ETFs will surpass precious metal ETFs in North America by the end of the year. This positions them as the third-largest asset class in the $15 trillion ETF industry. The approval of Solana ETFs is expected to boost institutional adoption of altcoin investment products.