As the first exchange-traded fund (ETF) listed in the United States to combine direct exposure to Solana (SOL) with blockchain-native staking incentives, the recently established REX-Osprey Solana + Staking ETF (ticker: SSK) has named Anchorage Digital as its exclusive staking partner and qualified custodian.
The more stringent Investment Company Act of 1940 governs the REX-Osprey Solana + Staking ETF. This is in contrast to the surge of spot Bitcoin and Ethereum ETFs registered under the Securities Act of 1933.
According to this legal framework, investor protections and compliance standards must be strengthened, and a licensed custodian must maintain the fund’s assets. As the first digital asset bank in the United States with a federal charter that permits both holding and staking digital assets, Anchorage Digital is in a unique position to fulfill this function.
How The REX-Osprey Solana + Staking ETFs Work
The purpose of the ETF is to provide institutional and retail investors with exposure to the spot price of Solana. Additionally, they will also enable them to obtain staking incentives, which are currently valued at an anticipated 7.3% annual yield.
The ETF will allocate roughly 80% of its assets to SOL, with half of those tokens being actively staked. The fund’s net asset value reflects the benefits that Solana’s proof-of-stake mechanism generates. It also enables investors to receive passive income through this structure.
The fund’s launch coincides with a spike in demand for cryptocurrency exchange-traded funds (ETFs). The filings have seen this of other companies, like as VanEck and 21Shares, for comparable Solana products. The recent approval of the REX-Osprey ETF by the SEC is interpreted as a sign of more cryptocurrency ETF approvals. This could lead to the emergence of more creative, yield-producing digital asset funds.
Anchorage Digital is at the forefront of the next wave of digital asset investing. This is because of its dual roles as custodian and staking partner, which increase institutional demand for compliant crypto products and improve.
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