SSK, the Solana staking ETF by REX-Osprey, has achieved notable success, amassing over $100 million in assets since its launch.
SSK Fund Structure and Success
Launched on July 2, the SSK fund has gathered over $100 million. It is the first registered ETF in the USA that combines direct exposure to Solana with staking income payouts. Unlike most crypto ETFs, the fund is registered under the Investment Company Act of 1940, allowing it to distribute staking income as dividends, appealing to investors seeking stable yields.
Institutional Investors and Staking
According to REX-Osprey founder and CEO Greg King, the growth of the SSK fund indicates a strong demand from investors for blockchain-native investment products. In an interview with Cointelegraph, he highlighted that REX-Osprey aims to expand its ETF lineup to include similarly structured products for cryptocurrencies like XRP and DOGE.
The Future of Staking ETFs
The launch of SSK is part of a broader trend where institutional investors are increasingly viewing staking income as an alternative to traditional fixed income returns. Despite regulatory hurdles, SSK's debut could set a precedent for future staking funds in the crypto industry. Other investment managers seeking to offer staking-related products include Fidelity and Grayscale.
The SSK fund from REX-Osprey opens new avenues for investors, offering alternative methods for generating income through staking. The fund's success reflects a growing interest in such innovations within the financial markets.
