REX-Osprey has restructured its Solana ETF by adding JitoSOL staking, enhancing its attractiveness to investors.
Conversion of Solana ETF
REX-Osprey has restructured its Solana ETF, previously known as SSK, to provide direct exposure to Solana (SOL) with staking rewards. This innovation involves the use of liquid staking integration through JitoSOL, significantly improving liquidity.
Investors' Interest and Financial Performance
Initial trading results showed significant investor interest. The first-day trading volume reached $33 million with $12 million inflows at the Cboe BZX exchange, indicating high demand for the ETF's unique staking structure. In a short period, the fund's assets surpassed $100 million, reflecting substantial participation from both institutional and retail investors.
Future of Staking in the USA
The fund is notable for its unique ability to distribute monthly staking dividends, a special offering in the U.S. market. The integration of JitoSOL suggests opportunities for technological advancements in staking processes, and historical data shows that the SSK ETF has outperformed other Solana-based products by trading volume.
REX-Osprey's innovative changes to the Solana ETF create its first offering of staking within a U.S. ETF structure. This has potential implications for future investment strategies in the cryptocurrency sector.
