A new exchange-traded fund has launched on Wall Street, allowing investors to earn rewards directly from the Solana blockchain. The SSK ETF is the first fund in the U.S. to offer such opportunities.
Overview of SSK ETF
On July 2, REX-Osprey officially launched the SSK – REX-Osprey Solana + Staking ETF. This fund allows investors to generate income from staking SOL. At launch, the staking reward rate was set at 7.3 percent, facilitating conventional brokerage account holders to earn returns through the Solana ecosystem.
ETF Structure and Staking Methods
SSK employs a three-part structure, with approximately 50-60% of the fund's assets directly staked in SOL tokens. About 40% of the assets are invested in exchange-traded products that also perform staking functions. The remaining allocation includes liquid staking tokens like JitoSOL. This structure ensures stability in rewards and meets U.S. regulatory requirements, avoiding derivatives and unregistered securities.
Impact on Financial Product Market
The launch of SSK may influence the future of crypto-based financial products, demonstrating that blockchain rewards can be delivered through traditional financial tools. REX-Osprey has characterized this product as a significant step in combining regulated finance with decentralized yield opportunities.
The launch of the SSK ETF opens new horizons for institutional and retail investors, offering a straightforward way to earn staking rewards from Solana without the complexities of crypto infrastructure.
