#REX-OSPREYSolanaETF
REX-Osprey has launched the first US ETF with Solana exposure and staking rewards, called the REX-Osprey Solana + Staking ETF (SSK). This ETF provides investors with direct exposure to Solana (SOL) and benefits from staking rewards. Here are the key features:
- *Exposure*: SSK offers spot SOL exposure, avoiding negative effects of contango that can impact futures-based ETFs.
- *Staking Rewards*: The fund stakes SOL to earn rewards, currently offering a 7.3% reward rate, which are passed directly to investors.
- *Investment Structure*: SSK trades on US exchanges, designed for both retail and institutional investors seeking digital asset yield with regulatory clarity.
- *Pricing and Performance*: The fund's performance is anchored to the CME CF Solana-Dollar Reference Rate – New York Variant (SOLUSD_NY), ensuring transparency, replicability, and price integrity.
*Benefits for Investors*:
- *Convenient Access*: Investors can access Solana's staking yield within a familiar ETF format.
- *Regulatory Clarity*: SSK provides a regulated path to Solana's protocol-native staking yield.
- *Transparency and Security*: Staking operations are fully on-chain, utilizing institutional-grade custody with Anchorage Digital and trusted validators like Figment and Galaxy.¹ ²
*Market Impact*:
- *Strong Debut*: SSK saw $12 million in inflows and $33 million in volume on its debut, surpassing earlier Solana and XRP futures ETFs.
- *Potential for Spot Solana ETF Approval*: The launch has fueled speculation about potential approval of true spot Solana ETFs, with some analysts estimating a 95% chance of approval before the year ends.³