The Solana SSK ETF, launched on July 2 by REX-Osprey, has quickly surpassed $100 million in assets under management within just 12 trading days. It is the first US-listed ETF that integrates spot Solana exposure with on-chain staking rewards. Unlike most crypto ETFs that fall under the Securities Act of 1933, SSK is registered under the Investment Company Act of 1940, allowing it to distribute staking income similarly to dividends. This structure appeals to investors looking for yields alongside asset price speculation. REX-Osprey's CEO, Greg King, notes that the ETF's success highlights a growing demand for blockchain-native investment products. The firm also plans to expand its lineup with similar ETFs for other cryptocurrencies like XRP, DOGE, and ETH, capitalizing on the trend of institutional investors exploring staking-based returns as traditional fixed income provides limited appeal. SSK’s introduction might pave the way for future staking ETFs despite regulatory hurdles, signaling a shift towards innovative strategies in the crypto investment landscape.

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