Solana SSK ETF breaks $100M as Wall Street warms to crypto staking
Main Idea
The Solana staking ETF (SSK) has surpassed $100M in assets under management, reflecting growing institutional interest in crypto staking and yield strategies.
Key Points
1. SSK, the first US-listed ETF combining spot Solana exposure with on-chain staking rewards, reached over $100M in AUM within 12 trading days.
2. The ETF's structure under the Investment Company Act of 1940 allows it to distribute staking rewards, differentiating it from most crypto ETFs registered under the Securities Act of 1933.
3. REX-Osprey's CEO highlighted investor demand for blockchain-native products and plans to expand the ETF lineup to include XRP, DOGE, and ETH.
4. Institutional interest in staking and yield strategies is growing, with platforms offering Ethereum staking and tokenized US Treasury products also seeing steady inflows.
5. Fidelity and other asset managers have filed for spot Solana ETFs, indicating potential expansion of staking-tied products in the market.
Description
SSK, the first US ETF to combine spot Solana exposure with on-chain staking rewards, attracted over $100M in 12 trading days.
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