REX-Osprey Solana Staking ETF Hits Record AUM
- The REX-Osprey Solana Staking ETF reaches a record $251 million AUM.
- Increased demand reflects growing institutional and retail interest.
- This milestone signifies potential for future staking ETF products.
The REX-Osprey Solana Staking ETF, identified as SSK, has hit a new milestone with over $251 million in assets under management, as the demand for Solana intensifies.
The surge signifies increased market confidence and institutional interest in Solana, supported by its unique staking rewards, impacting overall cryptocurrency market dynamics.
The REX-Osprey Solana Staking ETF has hit an unprecedented $251 million in Assets Under Management. This milestone is a direct result of heightened interest in Solana and its unique on-chain staking rewards within a regulated ETF structure.
Issued by REX Shares, the ETF integrates spot Solana exposure and staking rewards. This distinction highlights the product’s innovation, drawing significant attention from both institutional and retail investors looking for regulated cryptocurrency exposure.
The surge in AUM reflects the increasing demand within the cryptocurrency market. Institutions and retail investors are showing substantial interest in Solana’s appreciation and staking capabilities offered through the ETF.
Financially, the ETF’s competitive expense ratio of 0.75% makes it appealing. It provides real staking yield rather than synthetic alternatives, likely contributing to Solana’s liquidity and staking flows. “SSK is the first U.S.-listed ETF to combine spot Solana (SOL) exposure with the potential to earn staking rewards generated through the Solana network, which the Fund seeks to distribute to shareholders.”—REX Shares (Product Website).
The REX-Osprey ETF is paving the way for other crypto ETFs to offer staking rewards. This could initiate a trend toward integrating stake-based income streams within regulated financial products.
Potential outcomes include increased institutional participation in cryptocurrencies and more diverse financial products. The ETF’s performance could influence the development of future regulatory and technological frameworks for similar offerings in the crypto-ETF landscape. For example, analysts see a 95% approval odds for Sol and XRP ETFs amid high demand.
