Solana News Today: Hedge-Fund Income Strategies Now Accessible via REX's Volatility-Driven ETF

REX Shares, a trailblazer in alternative ETFs, has launched the REX IncomeMax Option Strategy ETF (ticker: ULTI), an actively managed fund designed to convert market volatility into weekly income, according to a Morningstar report. The fund targets high-swing U.S. equities, including crypto-related firms like Core Scientific, Gemini, and Figure, leveraging options strategies to generate premium income, as noted in a Coinotag article. By dynamically adjusting put and call positions, ULTI aims to balance risk and reward in a volatile market, per Yahoo Finance.

The ETF typically holds 20–30 volatile stocks, with current exposure to $230,000 in crypto-linked equities. Its strategy involves weekly portfolio rebalancing to mitigate downside risks while capitalizing on price swings, as Decrypt reports. Greg King, CEO of REX Shares, emphasized that ULTI reflects investor demand for hedge-fund-style income strategies in turbulent markets. "We've built a better way to pursue that goal," he stated, noting the fund's focus on translating volatility into "steady, high-frequency income."

The product aligns with REX's broader innovation in crypto and alternative assets. The firm previously launched the REX-Osprey Staked Solana ETF (SSK), the first U.S. Solana ETF with on-chain staking rewards, and a Dogecoin-linked ETF with Osprey Funds, according to Morningstar. ULTI, however, diverges from prior offerings by prioritizing income generation over direct crypto exposure, though its holdings in mining and exchange firms underscore the sector's role in its strategy, as covered by Coinotag.

Critically, the fund's active management introduces heightened risks. Options strategies can lead to imperfect correlations with underlying assets, illiquidity, and potential losses if market movements exceed protective thresholds, REX warns in REX's press release. REX cautions that ULTI is unsuitable for all investors, requiring sophistication to navigate its complexities. While the fund has not yet made its first distribution, similar REX products have generated 10 distributions since January 2025, the Coinotag piece noted.

The launch comes amid broader crypto market shifts. Tether recently reported over $10 billion in year-to-date profits and $6.8 billion in excess reserves, according to a CryptoNews report. Meanwhile, Deleion Capital's new SOL quantitative investment platform, announced in a GlobeNewswire release, underscores growing institutional interest in crypto strategies.

ULTI, listed on Nasdaq, joins a growing arsenal of tools for investors seeking income in a volatile landscape. Its success will hinge on its ability to navigate market swings while delivering consistent returns—a challenge Morningstar suggests it is prepared to meet.