A new staking fund named the REX-Osprey Solana Staking ETF (Ticker: SSK) has launched officially in the U.S. This ETF (Exchange-Traded Fund) allows individuals to invest in Solana (SOL) and earn staking rewards in the process, marking the first-of-its-kind product in the U.S. crypto space.
This ETF is novel in the sense that it doesn’t merely follow Solana price. It really holds actual SOL tokens and stakes them, providing passive income for investors through staking. This type of structure has never been made available before in a U.S.-listed ETF.
What is so attractive about $SSK is the fact that it is passing on 100% of the staking rewards to its investors, paid monthly. Today, Solana’s staking reward rate stands at approximately 7.3%, meaning that investors receive yield on top of price performance.
In recent days, ETF expert James Seyffart shared that the REX-Osprey Solana Staking ETF could go live as early as this week. Solana (SOL) is currently priced at $149.38, up 0.45% over the last 24 hours, with a market cap of around $80 million.
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