On June 13, 2024, REX Shares and Osprey Funds announced the launch of the REX-Osprey Solana + Staking ETF (SSK), the first Solana (SOL) ETF in the US. This ETF offers investors direct exposure to SOL and the potential for staking rewards.
The SEC approved the launch after REX Shares and Osprey Funds addressed concerns regarding their ETF filings. The approval signifies growing interest in crypto ETFs in the US.
This decision is expected to boost interest in crypto ETFs in the US, potentially leading to more investment in the Solana ecosystem.