First Spot Solana Staking ETF Rakes in $33M in Debut Trading Day: Bloomberg

Reading Time: < 1 minute

The inaugural spot Solana staking ETF launched Wednesday, amassing roughly $33 million in trading volume on its first day, according to Bloomberg Senior ETF Analyst Eric Balchunas.

Dubbed the “REX-Osprey Solana + Staking ETF,” the fund wrapped up Day 1 with around $1 million in assets under management (AUM). Balchunas noted on X that this figure could climb to $10 million by the end of its second trading session, given the strong initial volume.

Unlike other proposed “staking ETFs” under SEC review, the REX-Osprey fund was registered under the stricter Investment Company Act of 1940, as previously reported by The Block. This regulation mandates that assets be held with a qualified custodian.

On Wednesday, REX-Osprey revealed it had selected Anchorage Digital—the only federally chartered bank authorized to custody and stake digital assets—as its custodian.