TLDR
A few Solana-focused ETFs explicitly disclose on?chain staking: Bitwise Solana Staking ETF (BSOL), Franklin Templetons Solana ETF (SOEZ), and REX?Osprey SOL+Staking ETF (SSK).
- Bitwise Solana Staking ETF (BSOL) uses Marinade for native staking, per the staking providers institutional page.
- Franklin Solana ETF (SOEZ) allows staking up to 100% of its SOL holdings, per an issuer update covered by AMBCrypto.
- REX?Osprey SOL+Staking ETF (SSK) targets staking at least 50% of held SOL, per the product announcement.
Deep Dive
1. Bitwise BSOL
Bitwises BSOL is positioned as a staking?enabled Solana ETF, with Marinade disclosed as the staking infrastructure partner.
- Marinade highlights BSOL as a client for native protocol delegation (no wrapped tokens), aligning with institutional custody flows on Solanas validator set per the Marinade page.
- Native staking means SOL is delegated to validators to earn rewards while helping secure the network. This typically flows into NAV through income accounting rather than derivatives.
If you want regulated exposure plus staking rewards, BSOL pairs SOL price with protocol staking yields through a transparent, on?chain process.
2. Franklin SOEZ
Franklin Templetons SOEZ explicitly permits staking and may stake up to 100% of SOL holdings, combining price tracking with validator rewards.
- Coverage notes SOEZ includes staking to enhance returns and network security, per the AMBCrypto report.
- Structurally, staking rewards (paid in SOL) are treated as fund income, so distributions and NAV reflect both price moves and staking accruals.
SOEZ targets full participation in Solanas proof?of?stake, potentially boosting total return versus non?staking products when yields are attractive.
3. REX?Osprey SSK
REX?Ospreys SOL+Staking ETF (SSK) is described as staking?centric, with a policy to stake at least half of its SOL holdings via delegated validators.
- The product note outlines a minimum 50% staking target and custody/validator setup for earning protocol rewards, per the announcement.
- The structure indicates standard ETF primary market creation/redemption, while staking adds operational constraints like unbonding windows and validator selection.
SSK is designed to be a staking?forward ETF, but operational details (custody and unbonding) can affect liquidity and tracking, especially in volatile markets.
Conclusion
For on?chain staking exposure through regulated wrappers, BSOL, SOEZ, and SSK currently stand out. The key trade?off is added staking income versus operational complexity (delegation, unbonding, validator selection). If youre comparing products, prioritize clarity on staking policies, custody, and how rewards flow into NAV, then monitor flows and disclosures on the notice above to validate ongoing staking practices.
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