tl;dr
REX Shares announced that its REX-Osprey SOL Staking ETF (SSK) will make its first monthly distribution of $0.12169 per share on August 1, passing through 100% of staking rewards. With 5,075,000 shares outstanding, the payout totals about $618,000. This is the first US-listed ETF to distribute cry...
REX Shares announced on July 31 that its REX-Osprey SOL Staking ETF (SSK) will make its first monthly distribution on August 1, paying $0.12169 per share and passing through 100% of staking rewards. With 5,075,000 shares outstanding, the inaugural payout amounts to approximately $618,000. This marks the first time a US-listed ETF has distributed crypto staking rewards to shareholders, with the fund’s assets actively staked and distributions planned on a monthly basis.
The payout formalizes SSK’s design as a yield-bearing Solana vehicle in a regulated wrapper, converting protocol rewards into cash flows that can be recorded like standard ETF distributions. Future payout sizes will depend on staking yields, portfolio positioning, and typical fund mechanics. As of July 30, third-party data indicated $135.3 million in net inflows, reflecting strong investor demand.
Launched on July 2, SSK quickly surpassed $100 million in assets under management within just 12 trading days. It stands as the first US-listed Solana ETF to integrate on-chain staking rewards, offering investors exposure both to SOL’s market price and its protocol yield within a regulated exchange-traded product. Unlike a typical SEC-registered spot ETF, SSK does not directly hold spot Solana but achieves SOL exposure primarily through a multi-line portfolio including a position labeled “Solana,” a 42.3% allocation to the 21Shares Solana Staking ETP, a smaller stake in “LSD Solana,” and a cash-like allocation to First American Government Obligations.
This debut distribution marks a significant milestone for embedding staking into mainstream fund structures. For wealth managers, the pass-through mechanism offers a standardized way to capture SOL’s staking economics without needing to manage crypto infrastructure internally. More broadly, SSK's structure provides a potential blueprint for how staking-enabled ETFs can combine yield generation with price exposure under US regulatory frameworks.
If investor interest continues to grow, SSK’s monthly distributions may become a key indicator of how protocol-level rewards convert into cash yields across crypto ETFs. This development could help shape market expectations for future staking-aware products tied to other blockchain networks, signaling broader adoption of staking within conventional investment vehicles.