REX-Osprey, a collaboration between REX Shares and Osprey Funds, announced that JitoSOL, the liquid staking token on Solana, has been integrated into the portfolio of the REX-Osprey Solana + Staking ETF (SSK).
This expands the ETF’s access to staking rewards while seeking to preserve liquidity and the convenience of trading through “traditional brokerage accounts.”
Since its launch on July 2nd, SSK has gained traction “with investors and surpassed $100 million in Assets Under Management (AUM), underscoring demand for cryptocurrency exposure through traditional investment accounts.”
Greg King, CEO of REX Financial & Osprey Funds:
“With SSK, REX-Osprey was the first to introduce crypto staking rewards to a US ETF. Now by integrating the capability for liquid staking through JitoSOL, we’re enhancing liquidity while continuing to deliver native Solana rewards within a US ETF structure.”
JitoSOL enables liquid staking “by tokenizing staked SOL, allowing it to remain tradeable while still earning on-chain rewards.”
By integrating JitoSOL into the portfolio, SSK attempts to “enhance capital efficiency without compromising its principles of transparency and native blockchain participation.”
All staking continues to occur directly on the Solana network, and—as with all staking in SSK—”100% of rewards are passed through to shareholders, with neither REX nor Osprey retaining any portion.”
Thomas Uhm, Chief Commercial Officer of the Jito Foundation:
“Liquid staking tokens like JitoSOL help solve challenges around yield optimization and redemption risk, while offering the liquidity, capital efficiency, and infrastructure compatibility ETF issuers need.”
SSK is a U.S.-listed ETF offering “direct Solana exposure with protocol-level staking rewards.”
Now enhanced with JitoSOL, the fund gives investors “brokerage-based access to native Solana rewards—without the need to manage wallets, custody, or navigate DeFi platforms”
REX-Osprey is a joint initiative between REX Shares, a key player “in thematic and alternative ETFs, and Osprey Funds, a digital asset specialist focused on crypto access and infrastructure.”
Together, REX-Osprey develops products that “combine traditional financial structures with the potential of blockchain technology.”
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