📌 What Is It?

A new U.S.-listed Solana-based exchange-traded fund that offers both:

Price exposure to SOL.

On‑chain staking rewards, passed through to shareholders .

It operates under the Investment Company Act of 1940, using a C‑corporation structure and Cayman-based subsidiary to enable staking within an ETF framework .

Launch occurred shortly after July 2, 2025, marking “the first-ever U.S. staked crypto ETF” .

🔍 Key Highlights

Ticker: SSK

Assets Under Management (AUM): Still building; watch volume trends .

Expense Ratio: ~1.4% annually .

Structure Advantage: 40‑Act C‑corp design sidesteps SEC delays, enabling staking reward distribution .

Staking Yield: SOL rewards (6–11% APY) flow to investors, unlike traditional spot ETFs .

🛠️ How It Works

Holds SOL tokens directly.

Stakes the SOL through its Cayman Islands subsidiary.

Harvests staking rewards, which are then passed to investors (typically reinvested into the fund) .

Trades on Nasdaq—launched mid‑week, July 2, 2025 .

📈 Market & Regulatory Impact

SOL price reaction: Jumped ~4–6% on launch news, briefly breaking above $160 .

Competitive pressure: Creates new precedent, likely encouraging other staking‑enabled ETFs (e.g., ETH) .

Institutional gateway: Offers conservative investors regulated, yield-generating crypto exposure.

💡 Should You Consider It?

Pros:

Dual benefit: SOL price upside + staking yield.

Regulated structure with transparency.

First-to-market advantage.

Cons:

Higher expense ratio compared to spot-only funds.

Fund is new; limited history and liquidity.

SOL price and staking yield both subject to volatility and network performance.

🚀 Bottom Line

The REX‑Osprey SOL + Staking ETF (SSK) is a groundbreaking product—the first U.S. ETF to combine a PoS token like SOL with staking income, wrapped in a regulated ETF structure. If you're bullish on Solana and want efficient access to staking returns through a brokerage account, SSK offers that in one package. But weigh the higher fees and early-stage status before diving in.

#REX-OSPREYSolanaETF