SEC Weighs Solana ETF as AUM Hits $338M

REXShares’s Solana Staking ETF Reaches $338M AUM

• REXShares’s Solana staking ETF ($SSK) has achieved $338 million in assets under management.
• $SSK is the first US-listed ETF to offer a combination of spot Solana exposure with on-chain staking rewards.
• Nine spot Solana ETF applications are currently under review by the SEC, aiming to provide direct exposure to Solana’s native token without staking features.
• The outcome of these regulatory reviews could enhance institutional access to investment products based on Solana.

The REXShares’s Solana staking ETF ($SSK) has reached $338 million in assets under management, marking it as the first US-listed ETF combining spot Solana exposure and on-chain staking rewards. Nine other spot Solana ETF applications await SEC review, potentially broadening institutional access to such investment products.