SSK bid-ask spread and liquidity

REX-Osprey SOL + Staking ETF
CryptoREX-Osprey$96m net assets0.75% fee
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As of Oct 21, 2026, SSK’s median bid-ask spread over 30 days was 0.57%.

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Ask IQ about SSK bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewDividendsTradingFlowsCompare

IQ Liquidity Score

2 of 6 measured · Oct 21, 2026
·
Not scored
0 · Hard to trade100 · Trades like a giant

The IQ Liquidity Score: a fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund trades, not whether to own it. Method →

Cost to trade
0.57% median spread, 30 days to Oct 21, 2026
27.3
Capacity
Not measured · a spot crypto fund: no volume source here yet
·
Price fidelity
Not measured · 5 days of closing premium are held, under the 20 needed
·
Primary market
6 active dealers of 6; largest 29% of creations and redemptions, N-CEN to Jan 31, 2026
85.0
Bad-day behaviour
Not measured · 0 of the 10 worst days and 5 other days are held, under the 5 and 60 needed
·
Depth
Not measured · needs trade and quote data (Phase 2)
·

Cost for your order

One way, half its 30-day median spread; sizes above $10,000 are estimates
SSK: cost for your order at each size, round trip
OrderDollarsPercentBasis
$1,000$2.850.28%spread
$10,000$290.28%spread

Spread 0.57% median, 30 days to Oct 21, 2026. Above $10,000 the cost adds an estimate of market impact that grows with the order against the holdings’ capacity; a patient limit pays less.

Premium or discount to value

Daily, 5 days to Oct 21, 2026 · the ±1% band marked
SSK premium or discount to NAV, 5 days+1%0−1%Oct 15, 2026Oct 21, 2026
Latest close, Oct 21
+1.04%
95% of days within
±1.04%
Days more than 1% from NAV
1 of 5
Widest
+1.04%, Oct 21, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ.

Capacity

What the holdings can absorb a day

Not measured: a spot crypto fund: no volume source here yet.

Dealers

Authorized participants · N-CEN, the year to Jan 31, 2026
Active dealers
6
of 6 authorized
Largest
29%
of creations and redemptions
One dealer
No
6 active

6 of 6 authorized participants created or redeemed SSK shares in the year to Jan 31, 2026. From the fund’s Form N-CEN, filed Apr 15, 2026.

The active authorized participants, largest first, by share of the dollars created and redeemed: Virtu Americas LLC (28.7%), Jane Street Capital, LLC (26.1%), Goldman Sachs & Co. LLC (24.1%), Macquarie Capital (USA) Inc. (20.0%), Merrill Lynch, Pierce, Fenner and Smith Incorporated (1.0%), Mirae Asset Securities (USA) Inc. (0.2%).

How to trade SSK

To buy or to sell, up to $100,000
Order type
Limit: midpoint + 5¢ to buy, midpoint − 5¢ to sell.At the Oct 21 close of $14.64, that’s $14.69 to buy and $14.59 to sell.
When
ETF spreads are usually widest in the first minutes after the open and the last before the close.
Watch
The premium. On 95% of days it is within ±1.04%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.
Phase 2 · drawn now, filled when trade data arrives
Spread through the dayComing with trade data

Median spread by half hour, 30 days.

Buyers against sellersComing with trade data

Share of volume at the ask against at the bid.

Retail flow, estimatedComing with trade data

Sub-penny prints as a share of volume.

Large tradesComing with trade data

Prints above $500k, count and share.

Closing auctionComing with trade data

Share of the day’s volume at the close.

Questions people ask

What is SSK’s bid-ask spread?

0.57% of the midpoint, the median over the 30 days to Oct 21, 2026, as its issuer states it. Half of it is about 5¢ a share at the Oct 21 close.

Does SSK trade at a premium or discount to NAV?

It closed +1.04% from its NAV on Oct 21, 2026. On 95% of the 5 days to then it was within ±1.04%, and it closed more than 1% from NAV on 1 of them.

Who is the AP for SSK?

SSK’s latest Form N-CEN, for the period ending Jan 31, 2026, lists 6 authorized participants (APs), and 6 created or redeemed shares. The largest were Virtu Americas LLC (28.7%), Jane Street Capital, LLC (26.1%), Goldman Sachs & Co. LLC (24.1%) of the dollars its APs created and redeemed.

Who is the LMM for SSK?

SSK’s lead market maker (LMM) on Cboe BZX is Flow Traders U.S. LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026.

What does it cost to trade $10,000 of SSK?

About $29 one way, 0.28%: half its 30-day median spread. In and out costs twice that.

How do I place a limit order for SSK?

Set the limit at the midpoint + 5¢ to buy, or the midpoint − 5¢ to sell, in your broker’s quote. At the Oct 21 close of $14.64, that’s $14.69 to buy and $14.59 to sell.
Sources and dates
SpreadREX-Osprey (fund page), 30-day median · to Oct 21, 2026
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 15, 2026 to Oct 21, 2026
DealersForm N-CEN · the year to Jan 31, 2026
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →SSK fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, SSK trading: cost, capacity, premium and dealers, data as of Oct 21, 2026. https://etfiq.com/funds/ssk/trading/

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The score measures trading conditions, not the fund. ETFIQ makes no recommendations.