First US Staking ETF Set to Launch as SOL Hits $158

- REX Shares to launch first U.S. crypto staking ETF on June 30, 2025. - New fund to provide Solana (SOL) exposure and staking rewards, a regulated investment milestone. On June 30, 2025, Cointelegraph, BeInCrypto, and ZyCrypto reported that REX Shares is set to debut the first U.S. cryptocurrency staking ETF on Wednesday. The new fund, named the REX-Osprey Solana and Staking ETF, will trade under the ticker SSK. This ETF offers investors exposure to Solana (SOL) and generates income through staking rewards, representing a pioneering move in the U.S. market. The U.S. Securities and Exchange Commission (SEC) approved the ETF after reviewing its C-Corp business structure, which ensures compliance with staking regulations. This approval followed the SEC's clarification in May 2025 that staking does not violate securities laws, a decision that paved the way for this innovative financial product. The announcement energized the market, causing Solana's price to rally 6% to approximately $158. This contributes to a weekly climb of more than 12%, though SOL remains below its all-time high. As a result, Solana now boasts a market capitalization of $83.5 billion, securing its position as the sixth-largest cryptocurrency by market cap. This development holds significance for the broader cryptocurrency market, as analysts suggest it could lead to more altcoin-focused ETFs and intensify competition among spot Solana ETF applicants like VanEck and 21Shares. Furthermore, the ETF launch aligns with Robinhood reinstating Solana staking for U.S. customers, which has further boosted the cryptocurrency's price momentum. According to CoinMarketCap on June 30, Solana (SOL) was trading at $155.67 as of 22:09 UTC, while its 24-hour trading volume had increased by 2.3%.