SSK, the first US ETF to combine spot Solana exposure with on-chain staking rewards, attracted over $100M in 12 trading days.
SSK, the Solana staking exchange-traded fund (ETF) from REX-Osprey, surpassed $100 million in assets under management (AUM) since its launch on July 2. The fund is the first US-listed ETF to combine spot Solana (SOL) exposure with onchain staking rewards.
While most crypto ETFs are registered under the Securities Act of 1933, which doesn’t allow funds to distribute staking rewards, SSK is registered under the Investment Company Act of 1940. That structure permits the fund to pay out staking income like dividends, important to investors seeking yield, not just speculation on asset prices.
According to Rex-Opsprey founder and CEO REX-Osprey Greg King, the ETF’s growth shows investor demand for blockchain-native investment products in familiar formats. In a press release, he said SSK is “opening the door for mainstream investors to access the power of Solana staking through the familiar ETF wrapper.”
