REXOsprey's Solana staking ETF attracts $338M as SEC weighs spot ETFs

REXOsprey’s Solana staking ETF has attracted $338 million in assets as issuers and analysts press the U.S. Securities and Exchange Commission to decide on a wave of spot Solana funds that could broaden institutional access to the token. The REXOsprey Solana Staking ETF, trading under ticker SSK, is the first U.S.-listed product to combine direct Solana exposure with onchain staking rewards, and its rapid accumulation of assets has coincided with amended registration filings from several large asset managers and a regulatory shift that industry participants say has streamlined approval pathways.

Several firms including Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck and Canary Capital recently submitted updated S-1 registration statements for spot Solana ETFs, joining a broader set of nine spot Solana applications currently under SEC review. The agency’s adoption of generic listing standards in September reduced reliance on separate exchange rule filings and, according to market participants, left S-1 registrations as the primary procedural hurdle for new crypto exchange-traded products. That change has accelerated expectations for decisions this fall.