Solana News Today: REX-Osprey Solana ETF Pays $0.12169 Dividend on August 1

REX-Osprey’s REX-Osprey SOL + Staking ETF (SSK) has become the first Solana-based exchange-traded fund to issue a staking-based dividend, distributing $0.12169 per share on August 1, 2025. This marks the first dividend payout for the ETF, which totaled over $600,000, a notable milestone for the nascent staking-based ETF sector [1]. The ETF, launched by REX Shares in collaboration with Osprey Funds, offers exposure to Solana (SOL) while allowing investors to earn staking rewards through jitoSOL, a liquid staking derivative [3].

The dividend reflects the ETF’s ability to generate returns not only from price appreciation but also through yield generation via staking. By utilizing liquid staking, the fund enhances capital efficiency, enabling investors to stake their tokens without locking them up for extended periods. This feature aligns with the broader trend of integrating decentralized finance (DeFi) tools into traditional financial products, attracting both institutional and retail investors [1]. The structured monthly payout model also adds predictability and transparency to the investment, distinguishing the fund from more speculative staking offerings [2].

Launched in mid-July and trading for just 12 days, the ETF attracted $137.4 million in liquidity inflows, demonstrating strong initial demand. While significantly lower than the combined inflows of Bitcoin and Ethereum ETFs during the same period, the performance was impressive given the short timeline and limited product offering [1]. Analysts suggest that the dividend yield could have been higher had the fund been operational for a longer period, though market conditions and network performance during July may have influenced the payout [2].

The performance of the ETF also highlights the broader momentum in the Solana ecosystem. In July, the price of SOL reached a high of $206 before retreating to around $168 at the time of reporting. The token had previously reached a peak of $295 in January, but its performance in 2025 has been less robust compared to the previous quarter. While demand for SOL has rebounded since April, it has underperformed Ethereum, a shift from its Q4 2024 performance [2].

Network activity on Solana has also seen a decline in recent months, with daily active addresses dropping from over 8 million in November to below 4 million. Weekly decentralized exchange (DEX) volume on the network peaked at over $22 billion in July but remains a fraction of its January high. This suggests that the network has not fully capitalized on recent market enthusiasm, particularly in comparison to the memecoin-driven momentum seen earlier in the year [3].

Despite these challenges, the REX-Osprey ETF’s success could pave the way for more Solana-based staking products in the future, especially as institutional demand for crypto-related instruments grows. Analysts are particularly watching for potential moves by major investment firms like BlackRock, given their recent success with Bitcoin and Ethereum ETFs [1].

The ETF’s inaugural dividend not only validates the viability of staking-based products but also sets a precedent for future offerings across different blockchains. As the crypto market continues to evolve, the integration of staking mechanisms into structured financial instruments is likely to gain further traction, offering investors a more diversified and yield-enhancing approach to cryptocurrency exposure [2].

Source:

[1] REX Shares' Solana ETF to payout over over $600k in first staking-based dividend on Aug 1 (https://cryptoslate.com/rex-shares-solana-etf-to-payout-over-over-600k-in-first-staking-based-dividend-on-aug-1/)

[2] News & Insights (https://www.rexshares.com/news-insights/)

[3] Defi - All News And Posts By Crowdfund Insider (https://www.crowdfundinsider.com/tag/defi/)

[4] Coinbase Q2 results miss estimates, COIN falls 8% after ... (https://cryptorank.io/news/feed/155ce-coinbase-q2-results-miss-estimates-coin-falls-8-after-hours)