#REX-OSPREYSolanaETF
The REX-Osprey Solana Staking ETF, ticker symbol SSK, is a US-listed exchange-traded fund that provides exposure to Solana (SOL) with staking rewards. Here's what you need to know:
- *Key Features:*
- Offers direct price exposure to SOL along with blockchain-based staking income
- 100% of SSK is staked, with rewards passed on to investors through monthly dividend payouts
- Provides secure custody of digital assets with daily liquidity and transparent NAV tracking
- *Performance:*
- The ETF saw $12 million in inflows and $33 million in trading volume on its first day
- Offers a variable monthly dividend yield, currently at 7.3% annual rate
- *Investment Objective:*
- Seeks investment results of 1x the performance of Solana (SOL) plus staking rewards
- Invests at least 80% of its net assets in SOL and other assets that provide exposure to SOL
- *Risks and Considerations:*
- Crypto asset risk, regulatory uncertainty, market manipulation, security risks, and technological changes
- Staking risk, concentration risk, liquidity risk, and new fund risk
- *Management:*
- Actively managed to optimize validator performance and staking execution
- 0.75% management fee, with a total annual fund operating expense of 1.40%
Bloomberg ETF analysts estimate a 95% probability that spot Solana ETFs will receive SEC clearance by year-end, potentially paving the way for further cryptocurrency investment products.