Solana News: SSK ETF Surpasses $100M AUM as Institutions Embrace Crypto Staking
Highlights:
REX-Osprey’s SSK becomes the first U.S. ETF offering spot Solana (SOL) exposure plus on-chain staking rewards.
SSK crosses $100 million in AUM just 12 trading days after launch.
Growing interest from institutions as staking gains traction amid flat interest rates.
Registered under the Investment Company Act of 1940, enabling dividend payouts from staking rewards.
Overview:
Launched on July 2, REX-Osprey’s SSK ETF is making waves by combining spot Solana exposure with staking rewards — a first for U.S.-listed crypto ETFs. In under two weeks, SSK has attracted over $100 million in assets under management, reflecting strong institutional demand.
Unlike most crypto ETFs registered under the Securities Act of 1933 (which prohibits staking reward distributions), SSK’s 1940 Act structure allows it to deliver staking income as dividends, offering both capital appreciation and yield potential.
Institutional Interest Rising:
With traditional yields stagnating, asset managers are turning to staking as a viable income strategy. “SSK gives mainstream investors easy access to Solana staking via a familiar ETF format,” said Greg King, CEO of REX-Osprey. The firm has also filed for similar ETFs tied to XRP, DOGE, and ETH.
A Blueprint for Future ETFs?
SSK’s regulatory setup may pave the way for more staking-based ETFs. Major players like Fidelity, Grayscale, Franklin Templeton, and Bitwise are watching closely — though many are awaiting SEC approval.
SOL Market Update:
Solana (SOL) is trading above $200, up 25.3% over the past week (CoinGecko). Its high-speed, low-fee blockchain continues to attract users across DeFi and staking sectors.
The success of SSK may mark a turning point in how institutional capital engages with proof-of-stake crypto networks.
