#REX-OSPREYSolanaETF REX‑Osprey SOL + Staking ETF (ticker: SSK):
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✅ Launch Confirmation
Launch Date: The fund is expected to begin trading Wednesday, July 2, 2025 .
Issuers REX Shares and Osprey Funds received an SEC “no further comments” clearance, signaling the fund is cleared for launch under a 1940-Act/C‑corp structure .
📈 Market Reaction
SOL’s price surged 4–7 %, briefly topping $160, following news of the impending launch .
Earlier reports noted a ~5–6 % jump, with prices climbing into the $150–158 range .
🧠 Fund Structure & Strategy
The ETF offers direct exposure to SOL and distributes on‑chain staking rewards—a first-of-its-kind product in the U.S. .
It’s structured as a C‑corporation under the 1940‑Act, enabling inheritance of staking income without SEC objections. The fund will stake at least 50 % or more of its SOL holdings using native delegation and liquid staking protocols .
Expense Ratio: ~1.40% total (0.75% management, 0.65% tax estimate) .
🏛️ Regulatory Significance
This product marks a major regulatory milestone: it allows ✅ staking-as-yield within a regulated ETF wrapper.
The SEC’s quiet approval (no comments) signals shifting regulatory comfort around staking-based products .
🔍 Why It Matters
As the first U.S. staking crypto ETF, it paves the way for future staking-enabled crypto ETFs, including for Ethereum.
Institutional investors attracted to passive income via staking may be drawn to this structure.
Bloomberg analysts report over 90–95 % odds of the fund launching this week .
It may influence the timing and structure of other spot SOL ETF filings (e.g., Fidelity, VanEck, Franklin Templeton) .
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🔔 Key Takeaways
What Impact
Launch Date July 2, 2025
Structure 1940 Act C‑corp, staking + spot exposure
Staking Yield On‑chain rewards distributed to shareholders
Market Initial SOL rally, >$160
