Big news for crypto enthusiasts! The REX-Osprey SOL + Staking ETF, ticker SSK, is set to launch today, July 2, 2025. This innovative financial product offers on-chain staking for Solana (SOL), providing investors with exposure to the cryptocurrency's price performance and native staking rewards.¹
*What to Expect from the ETF*
- *Spot SOL Exposure*: Tracks Solana's price performance, giving investors a direct stake in the cryptocurrency's value.
- *On-Chain Staking Yield*: At least 50% of SOL holdings will be staked, and rewards will be passed to shareholders, providing a potential source of passive income.
- *C-Corp Taxed Fund*: Operates through a Cayman subsidiary with a fee range of ~0.75-1.4%, offering a relatively low-cost investment option.
- *Liquidity and Access*: 24/5 trading with typical brokerage access, eliminating the need for crypto wallets.
*Market Reaction*
The news of the ETF's launch sent Solana's price surging around 4-8%, briefly topping $160. However, the price has dipped to around $145 in late trading, reflecting general crypto market volatility. Currently, Solana is trading at $149.03, with a slight decrease of 0.03%.²
*Why This Matters*
The REX-Osprey SOL + Staking ETF marks a significant milestone for on-chain yield access via traditional markets. By offering staking rewards, this ETF provides investors with a unique opportunity to earn passive income while still benefiting from Solana's potential price growth.
*Live Pricing*
You can check the current price of Solana (SOL) on Binance, which is $149.03. If you're interested in tracking the ETF's performance once it begins trading, stay tuned for updates.
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