First Spot Solana ETF Shines Bright on Cboe

The Rex-Osprey SOL + Staking ETF (SSK) is the first spot-price Solana ETF to trade on Cboe after SEC approval. Most ETF issuers have filed under the Securities Act of 1933, but Rex-Osprey’s filing under the 1940 Act worked in its favor. The ETF offers exposure to Solana and staking rewards. The fund’s total expenses are 128 basis points, with a 75 basis point management fee. Financial consultants see potential in the fund but note the high fee. Despite not being a traditional spot ETF, SSK garnered significant interest on its first trading day. SEC’s favorable treatment of crypto is encouraging for the ETF landscape.

Read more at Yahoo Finance: All Sunshine for First Spot Solana ETF