According to a press release, the REX-Osprey Solana Staking ETF (SSK) is now available for investors seeking exposure to Solana while also benefiting from staking rewards. This fund represents a significant advancement in the U.S. cryptocurrency ETF market, as it combines the advantages of holding Solana tokens with the additional yield generated from staking, making it an attractive option for investors.
The ETF focuses on providing direct spot exposure to Solana, avoiding the challenges that often arise with futures-based cryptocurrency ETFs.
In addition to direct exposure, the ETF also offers the benefits of staking rewards, with a current reward rate of 7.3% for Solana staking. The SOL staking ETF aims to keep most of its assets in staked SOL tokens, further enhancing returns for investors.
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