REX-Osprey™ Launches First U.S. ETF Offering Solana Exposure Plus Staking Rewards
Miami, FL – [Date] — REX-Osprey™, a collaborative initiative between REX Shares and Osprey Funds, has officially launched the SSK, the REX-Osprey™ Solana + Staking ETF. This marks a pioneering development in the American exchange-traded fund (ETF) landscape as the first U.S.-listed ETF to simultaneously provide investors with direct exposure to Solana (SOL) cryptocurrency and the opportunity to earn staking rewards via traditional brokerage accounts.
A Novel Bridge Between Traditional Finance and Crypto
The SSK ETF is designed to deliver primarily spot exposure to Solana’s native token, SOL, enabling investors to bypass the complexities and potential drawbacks associated with futures-based ETFs, such as contango—a situation where futures prices are higher than expected future spot prices, which can erode returns over time.
Beyond straightforward token exposure, SSK introduces a critical value-add feature: exposure to staking rewards. Currently, SOL staking yields a notable reward rate of approximately 7.3%, which the fund aims to capture and pass along in full to its investors. The fund’s approach involves staking the majority of its assets directly in SOL tokens, allocating around 40% in exchange-traded products that engage in SOL staking themselves, and a smaller allocation dedicated to liquid staking tokens like JitoSOL. Notably, neither REX nor Osprey retains any portion of the staking rewards, maximizing returns to shareholders.
Greg King, CEO of REX Financial, emphasized the significance of this launch: “This is a major milestone for ETFs and the crypto industry, and a pioneering expansion in how securities investors can access crypto investments and blockchain-native returns. With SSK, we’re giving investors Solana staking rewards in a familiar ETF format—something that’s never been done before in the U.S. market. We’ve essentially built a bridge between the world of traditional finance securities investments and the world of crypto investments.”
Designed for Retail and Institutional Investors
SSK caters to a broad spectrum of investors by enabling direct participation in Solana’s native blockchain economics through staking, a process that supports network operations and security in exchange for rewards. Unlike many crypto investment products that lean heavily on derivatives or provide only spot exposure, SSK’s model incorporates native staking directly on the blockchain. In addition, the fund holds exchange-traded products that stake SOL, thereby extending its reach into Solana’s network rewards structure while maintaining the transparency, cost-effectiveness, and convenience of an ETF.
About REX-Osprey
REX-Osprey represents a dynamic partnership between REX Financial, known for pioneering thematic and alternative ETFs, and Osprey Funds, specialists in digital asset access and infrastructure. Together, they aim to harness the robust infrastructure of regulated financial products and couple it with cutting-edge blockchain technology, providing investors with innovative avenues into digital assets.
Important Risks and Considerations
Investors should understand that an investment in SSK is not a direct purchase of Solana tokens but rather an investment in a fund holding SOL assets and engaging in staking activities. As with any investment in cryptocurrency or blockchain-based products, significant risks exist. These risks include the high volatility of crypto assets, regulatory uncertainties, technological vulnerabilities (such as smart contract exploits), and the inherent illiquidity during staking lock-up periods.
The fund is exposed uniquely to the risks involving the SOL token market, including rapid price fluctuations influenced by factors like network adoption and potential platform competition. Additionally, operational risks associated with custodians, staking infrastructure providers, and smart contracts may also impact returns.
Investors should carefully review the fund’s prospectus for full details on investment strategies, risks, fees, and expenses. The fund’s distributor, Foreside Fund Services, LLC, is a FINRA member but is not affiliated with REX Shares, Osprey Funds, or the fund’s investment adviser.
Contact Information
For media inquiries regarding the REX-Osprey Solana + Staking ETF, please contact:
Gregory FCA for REX Financial
Email: [email protected]
About Smart Money Mindset
At Smart Money Mindset, we strive to bring you timely and comprehensive coverage of financial innovation, investment opportunities, and market trends to empower your financial decisions.
Note: An investment in the SSK fund involves risks including loss of principal. Cryptocurrency investments are subject to regulatory and market risks. Please consult with your financial advisor prior to investing.