REX-Osprey Launches First U.S. Solana Staking ETF Offering 7.3% Yield

The REX-Osprey Solana Staking ETF, under the ticker SSK, has officially launched in the U.S., marking a significant milestone in the cryptocurrency investment landscape. This ETF is the first of its kind in the U.S., offering investors exposure to Solana (SOL) while also providing staking rewards. The fund holds actual SOL tokens and stakes them, generating passive income for investors through staking rewards. This structure is unprecedented in U.S.-listed ETFs, as it not only tracks the price of Solana but also provides additional yield through staking.

The ETF passes on 100% of the staking rewards to its investors, paid monthly. With Solana’s current staking reward rate at approximately 7.3%, investors can expect to receive yield on top of any price performance of SOL. This feature makes the REX-Osprey Solana Staking ETF particularly attractive, as it combines the potential for capital appreciation with a steady income stream from staking rewards.

The launch of this ETF is expected to drive institutional adoption of Solana, as it provides a regulated and accessible way for investors to gain exposure to the cryptocurrency while earning additional income. The approval of the ETF by the SEC in early July, with no further objections raised, indicates a growing acceptance of staking mechanisms within the regulatory framework. This could pave the way for other staking ETFs linked to various cryptocurrencies in the future.

The REX-Osprey Solana Staking ETF is a novel addition to the investment landscape, offering a unique blend of capital appreciation and passive income. Its launch is a testament to the evolving nature of the cryptocurrency market and the increasing demand for innovative investment products. As the first U.S.-listed ETF to offer native Solana staking rewards, it sets a precedent for future developments in the crypto ETF space.