The SSK ETF, launched by REX-Osprey on July 2, has exceeded $100 million in assets under management. This fund is the first US-listed ETF to offer both spot Solana exposure and on-chain staking rewards. Unlike most crypto ETFs, which are registered under the Securities Act of 1933 and cannot distribute staking rewards, SSK is registered under the Investment Company Act of 1940, allowing it to pay staking income as dividends. Greg King, CEO of REX-Osprey, noted that the ETF's success reflects a growing demand for blockchain-based investment products. He emphasized that SSK provides mainstream investors with access to Solana staking in a familiar ETF format. Currently, SOL is trading above $200, having risen 25.3% in the past week. REX-Osprey plans to expand its ETF offerings to include XRP, DOGE, and ETH, catering to registered investment advisers seeking innovative income-generating options. The SSK ETF's launch may pave the way for future staking ETFs as regulatory clarity improves. Read more AI-generated news on: https://app.chaingpt.org/news

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