The REX‑Osprey Solana + Staking ETF (ticker: SSK) is the first U.S.-listed ETF to provide direct exposure to Solana (SOL) combined with staking rewards, officially launched on July 2, 2025.

🔹 Key Highlights
229-1SSK holds a majority of its assets in directly staked SOL, passes 100% of staking rewards to investors via monthly distributions, and allocates around 40% into foreign Solana ETPs—plus some liquid staking tokens like JitoSOL  .

  • 560-1Investors can potentially earn ~7.3% annual yield from staking, sourced directly from the Solana network and distributed fully to shareholders  .

  • 768-0Fund Structure & Fees
    768-2Total annual costs: 1.40%, combining a 0.75% management fee and ~0.65% tax-related expenses  .

    • 1050-1Debut trading volume reached $20–33 million, placing SSK in the top 1% of ETF launches  .

    • 1239-0First-day inflows hit $12 million, with $33 million in trading volume on July 3  .

    • 1363-0Solana’s price rose ~5–6% following SSK’s debut  .

  • Risks & Considerations

    1466-0It’s an actively managed, relatively new fund with staking risks (e.g., locking periods, protocol changes), liquidity concerns, higher fees compared to Bitcoin/Ethereum ETFs (typically 0.25%), and taxable staking income  .

  • Industry Impact

    1767-0Seen as a trailblazer for staking-enabled ETFs in the U.S., setting the stage for similar products backed by larger issuers like Fidelity, VanEck, and Franklin Templeton  .

✅ Should You Consider SSK?

Pros:

  • One-stop access to both SOL price exposure and staking yield via a traditional brokerage account.

  • Monthly yield distributions and no yield siphoned off by the issuer.

Cons:

  • Higher expense ratio (1.40%) relative to other crypto ETFs.

  • Potential staking-related risks such as lock-up and validator performance.

  • Regulatory and market volatility in alt-crypto space.

📊 Summary Table

FeatureDetailsTickerSSKLaunch DateJuly 2, 2025StructureInvestment Company Act of 1940Custodian/StakingAnchorage DigitalStaking Yield~7.3% annuallyFees0.75% management + ~0.65% tax expense = 1.40%Early Volume$20–33M, top 1% ETF launchesRisksVolatility, staking lock-up, tax treatment


Final Thoughts

SSK marks a significant innovation—bridging a regulated ETF structure with protocol-native crypto yield—allowing both retail and institutional investors to gain Solana exposure and staking income seamlessly. While its debut was strong, investors should weigh its higher cost, technical nature, and asset concentration. The success of this vehicle also paves the way for future staking-and-spot ETFs in the U.S.

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