REX-Osprey™ Introduces First U.S. ETF Featuring Solana Exposure and Staking Rewards

REX-Osprey™ has recently introduced the REX-Osprey™ Solana + Staking ETF in the United States, marking a significant step in the world of ETF investments. This ETF allows investors to gain exposure to Solana (SOL) along with staking rewards directly in their brokerage accounts. SSK aims to provide a cost-effective and accessible way for investors to access Solana without the negative impact of contango that is often associated with futures-based ETFs. The fund primarily focuses on spot SOL exposure and also offers the added benefit of SOL staking, which currently offers a reward rate of 7.3%.

The unique feature of SSK is that it aims to hold the majority of its assets in directly staked SOL, along with a portion of assets in exchange-traded products that also stake SOL, and a small amount in liquid staking tokens like JitoSOL. Importantly, all staking rewards earned by the fund will be passed on to investors without any portion being retained by REX or Osprey.

Greg King, CEO of REX Financial, expressed that the launch of SSK represents a groundbreaking development for both ETFs and the crypto industry. By offering Solana staking rewards in the familiar format of an ETF, SSK is bridging the gap between traditional securities investments and crypto investments, making it a pioneering endeavor in the U.S. market. This innovative approach provides investors with the opportunity to earn rewards through native Solana staking while benefiting from the convenience and transparency of an ETF structure.

SSK is designed to cater to both retail and institutional investors, offering a direct participation in native Solana staking to ensure that rewards are sourced directly from the blockchain protocol. Additionally, the fund indirectly participates in staking by holding exchange-traded products that include staked SOL, allowing investors to engage in Solana’s network economics through the simplicity of an ETF.

REX-Osprey is a collaborative effort between REX Financial and Osprey Funds, combining expertise in thematic and alternative ETFs with digital asset specialization. The partnership aims to create products that marry the integrity of traditional financial structures with the transformative potential of blockchain technology.

Despite the potential benefits of the Fund, investors should be aware of the risks involved in investing. Cryptocurrency assets, in general, are known for their extreme volatility, regulatory uncertainties, security risks, and technological changes. The market value of assets in the Fund may fluctuate based on a range of factors, including network congestion, smart contract failures, and the emergence of competing platforms. Additionally, staking the Reference Asset comes with its own set of risks, including illiquidity, market price volatility, and potential security breaches or network downtime.

In conclusion, the launch of the REX-Osprey™ Solana + Staking ETF represents a significant advancement in the world of investment products, offering investors a unique opportunity to access Solana exposure and staking rewards through a familiar and convenient ETF structure. With a focus on transparency, convenience, and blockchain-native returns, SSK opens new doors for investors looking to diversify their portfolios and explore the world of crypto investments within a traditional securities framework.