US Set To Debut First-Ever Staked Crypto ETF Focused On Solana

The US is expected to see the launch of its first staked cryptocurrency exchange-traded fund (ETF) on July 2, 2025, with the debut of the REX-Osprey Solana and Staking ETF (SSK). The fund is designed to provide investors with exposure to Solana (SOL) while also generating staking rewards, marking a new development in crypto investment products in the US.

REX Shares announced the launch on X (formerly Twitter), calling it “a new era of yield-generating crypto exposure.”

Bloomberg ETF analyst Eric Balchunas confirmed that the ETF will launch on July 2, adding that 40 per cent of its holdings will be in “securities” via other Solana ETPs to comply with the 1940 Act. The fund carries a 0.75 percent base fee, which could rise to 1.28 percent due to its C-corp tax structure. Following the news, Solana rose 0.65 percent to $151.23 with $4.82 billion in 24-hour trading volume.

Europol, Spanish Police Bust $541M Crypto Scam Targeting Thousands

Spanish authorities, with support from Europol and law enforcement in the US, France, and Estonia, have taken action against a massive cryptocurrency investment scheme that allegedly defrauded more than 5,000 investors of nearly €460 million (about $541 million).

Five individuals were taken into custody following coordinated operations in Madrid and the Canary Islands. The individuals are suspected of establishing a complex network that moved and concealed assets across several cryptocurrency exchanges by creating bogus accounts, transnational associates and payment platforms.

This is one of the most significant cryptocurrency scam cases revealed in Spain. According to investigators, the scheme used false advertisements and cross-border transactions, including crypto wallets, to launder funds. Authorities had previously blocked more than $26 million in digital assets related to the fraud.

Trump’s Tax Bill Could Ease Crypto Rules For US Users

Republican Senator Cynthia Lummis has submitted a package of crypto-friendly rules aimed at removing the “unfair tax treatment” of digital assets, even as the US Senate debates President Donald Trump’s massive tax and spending bill.

According to a report by Cointelegraph, Lummis proposal includes tax exemptions for crypto transactions under $300 (up to $5,000 annually), delays taxation on airdrops, staking and mining rewards until sold, as well as excluding most crypto lending arrangements from tax liability.

If passed, the changes could benefit crypto users and traders across the US. The US Senate is currently in a prolonged “vote-a-rama,” with hundreds of amendments being considered before the final bill vote, expected ahead of the July 4 deadline.