#REX-OSPREYSolanaETF

🚀 #REX-OSPREYSolanaETF is officially live—and it’s rewriting the rules for altcoin ETFs.

📌 What’s New?

Ticker: SSK

Launch Date: July 2, 2025

Exchange: Cboe BZX

Day 1 Stats: $12M inflows, $33M trading volume

💡 Why It’s a Big Deal:

First U.S. ETF offering direct Solana ($SOL ) exposure + native staking rewards

Pays ~7.3% APY monthly from on-chain staking

Avoids futures exposure—pure spot SOL with 40% in staked ETPs

📊 Market Reaction:

SOL jumped 2–4% post-launch

Analysts call it a “benchmark case” for future altcoin ETFs

Early AUM: ~$1M, with projections up to $10M

⚠️ Risks to Watch:

High fees (~1.4% annually)

Niche demand may limit long-term viability

Complex regulatory structure (registered under Investment Company Act of 1940)

🔮 Outlook:
SSK could pave the way for staking-based ETFs on assets like XRP, ADA, and LTC. If it sustains volume and investor interest, it may redefine how institutions access altcoins.

#solana #CryptoNews #altcoins