Washington Ski Resort Donates $100K+ to Avalanche Forecasters
All good things must come to an end, though, and this summer, the ski resort opted to replace REX after its 37-year tenure with a new high-speed quad manufactured by Leitner-Poma. The project is expected to be completed in December 2025.To bid REX farewell, Crystal Mountain hosted the Last Riders of REX 1988 earlier this month, a 1980s-themed party at the lower terminal of the chairlift. It featured live music, giveaways, and contests. Era-accurate costumes that featured neon and wild patterns were encouraged.While construction on REX's replacement is underway, Crystal Mountain hasn't concluded ski operations for this season. The ski resort is temporarily closed this week, but plans to open for skiing and riding during the final stretch of extended operations over Memorial Day weekend (May 23-26, 2025).The last weekend, as is normal for late-season skiing, won't include any beginner terrain. The available slopes will be accessed by the Green Valley lift, with the ski resort's gondola providing access to the mountain from the base area. Summer activities at Crystal Mountain kick off later this week, too, beginning on May 23 and lasting through May 26. The ski resort will shift to a daily summer operation schedule on June 27.
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Business Wire
a day ago
- Business Wire
REX-Osprey SOL + Staking ETF (SSK) Surpasses $100 Million AUM in Just 12 Trading Days
MIAMI--(BUSINESS WIRE)--REX-Osprey™ is proud to announce that the REX-Osprey™ SOL + Staking ETF (Ticker: SSK) has officially surpassed $100 million in assets under management — just 12 trading days after its launch on July 2, 2025.* *as of July 18th, 2025 SSK is the first U.S.-listed ETF to combine spot Solana (SOL) exposure with on-chain staking rewards, delivering a seamless way to participate in both SOL price appreciation and network-level income — all through a single ticker. 'Crossing the $100 million mark in just over two weeks underscores the appetite for innovative, blockchain-native solutions,' said Greg King, Founder & CEO of REX. 'With SSK, we're opening the door for mainstream investors to access the power of Solana staking through the familiar ETF wrapper.' SSK's strategy involves holding the majority of its assets in SOL and actively staking those assets on-chain. Investors benefit from: Direct price exposure to spot Solana On-chain staking rewards U.S.-listed, daily-liquid ETF structure No wallets or self-custody needed This milestone highlights the success of REX Shares' mission to bring modern crypto infrastructure into the ETF world — responsibly, transparently, and with investor access at the core. For standardized performance and more information, visit: Investing in SSK is not equivalent to investing directly in Solana. Investing in the Fund involves a high degree of risk. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. An investor should carefully consider the Fund's investment objective, risks, charges, and expenses before investing. The Fund's prospectus and summary prospectus contain this and other information about the REX Shares. To obtain the Fund's prospectus and summary prospectus, call 1-844-802-4004. The Fund's prospectus and summary prospectus should be read carefully before investing. THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH SOLANA OR ANY ENTITY PROVIDING VALIDATION OR STAKING SERVICES. The Fund's investment exposure is concentrated in the Solana ecosystem. Risks associated with this exposure may adversely affect the Fund's net asset value ('NAV') per share, trading price, yield, total return, and/or ability to meet its investment objective. The value of the Fund, which focuses on underlying securities in the crypto sector, may be more volatile than a more diversified pooled investment or the market as a whole and may perform differently from the value of a more diversified pooled investment or the market as a whole. Crypto Asset Risk. The Fund holds SOL tokens, a crypto asset that is native to the Solana blockchain. Crypto assets are subject to extreme volatility, regulatory uncertainty, market manipulation, security risks, and technological changes. The value of the Fund will fluctuate with the price of SOL, which is influenced by a range of factors including adoption of the Solana network, network congestion, smart contract failures, validator misbehavior, and the emergence of competing platforms. Additionally, crypto asset exchanges and counterparties may be less regulated than traditional financial institutions, and are subject to fraud, hacking, and operational disruptions. SOL Risk. The Fund's investments in SOL and SOL futures contracts expose the Fund to the risks associated with an investment in SOL because the price of these derivatives is substantially based on the price of SOL. SOL is a relatively new innovation and is subject to unique and substantial risks. The market for SOL is subject to rapid price swings, changes and uncertainty. Staking Risk. When the Fund stakes the Reference Asset, the Reference Asset is subject to the risks attendant to staking generally. Staking requires that the Fund lock up the staked Reference Asset for the period of time required by the staking protocol, meaning that the Fund cannot sell or transfer the staked Reference Asset, thereby making it illiquid for the period it is being staked. In addition, during the lock-up period, the Fund is subject to the market price volatility of the Reference Asset, and it may miss opportunities to sell the staked Reference Asset during opportune times. During the unstaking period, the Fund may miss out on earning opportunities because, in some cases, the staked Reference Asset may not earn rewards during the unstaking period or may only earn rewards during part of the unstaking period. Staked Reference Assets are also subject to security breaches, network downtime or attacks, smart contract vulnerabilities, and validator or custodian failure or compromise, which can result in a complete loss of the staked Reference Asset or a loss of any rewards. Concentration Risk. The Fund's assets will be concentrated in the sector or sectors or industry or group of industries that are assigned to the Reference Asset, which will subject the Fund to the risk that economic, political or other conditions that have a negative effect on those sectors and/or industries may negatively impact the Fund to a greater extent than if the Fund's assets were invested in a wider variety of sectors or industries. Liquidity Risk. The Fund may not be able to sell its crypto assets at the time or price it desires. Crypto asset markets may be less liquid than traditional securities markets and may be subject to significant price fluctuations. New Fund Risk. The Fund is a newly organized investment company with no operating history. Investors have limited performance history to assess how the Fund will perform. Non-Diversification Risk. The Fund is non-diversified, which means it may invest a greater percentage of its assets in a smaller number of issuers than a diversified fund. This may increase the volatility of the Fund's NAV and may lead to greater losses during periods of market declines. Indirect Investment Risk. Neither the Reference Asset nor the Ethereum Network nor the Solana Network are affiliated with the Trust, the Fund, or the Adviser, or any affiliates thereof and are not involved with this offering in any way, and have no obligation to consider the Fund in taking any actions that might affect the value of the Fund. None of the Trust, the Fund, the Adviser, or any affiliate are responsible for the performance of the Reference Asset and make no representation as to the performance of the Reference Asset. Investing in the Fund is not equivalent to investing in the Reference Asset. The Fund's performance is not intended to, nor will it, track the performance of the Reference Asset. Regulatory Risk. The Fund's investments in crypto assets may be subject to varying laws and regulations across jurisdictions, including tax laws and regulations. These laws and regulations may change without warning, and enforcement actions may be taken, which could have an adverse effect on the Fund and its operations. Custody Risk. The Reference Asset and other assets held by the Fund that operate on distributed ledger/blockchain technology can only be transferred by the person holding both the public and private keys to the digital wallet in which the asset is held. The Fund's custodians that custody the Fund's digital assets are on control of the private keys for each of the Fund's digital wallets. In the event such custodian loses sole control of the private keys (e.g., through a data breach or hack), the Fund's digital assets held by such custodian could be lost. Digital Assets Risk. The performance of the Reference Asset, and consequently the Fund's performance, is subject to the risks of the digital assets industry. The trading prices of many digital assets, including the Reference Asset, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of the Reference Asset, could have a material adverse effect on the value of the Shares (defined below) and the Shares could lose all or substantially all of their value. The value of the Shares is subject to a number of factors relating to the fundamental investment characteristics of the Reference Asset as a digital asset, including the fact that digital assets are bearer instruments and loss, theft, destruction, or compromise of the associated private keys could result in permanent loss of the asset, and the capabilities and development of blockchain technologies. Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the acceptance of the Reference Asset. Changes in the governance of a digital asset network may not receive sufficient support from users and miners, which may negatively affect that digital asset network's ability to grow and respond to challenges. Derivatives Risk. Derivatives are financial instruments, such as futures contracts, that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Foreign Securities Risk. To the extent the Fund invests in foreign securities, they may be subject to additional risks not typically associated with investments in domestic securities. Counterparty Risk. The Fund may rely on staking infrastructure providers, custodians, and crypto exchanges to hold or interact with its SOL. These third parties may become insolvent, fail to safeguard assets, or be subject to regulatory action, leading to potential losses. Smart Contract Risk. Certain staking activities or custodial processes may rely on smart contracts. These self-executing code structures are susceptible to bugs, hacking, or unintended behavior. Exploits in smart contracts could cause loss of assets or incorrect reward distribution. Market Risk. The value of the Fund's investments may decline due to market movements, economic conditions, or other factors affecting the overall crypto asset market or Solana ecosystem. Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares, Osprey Funds, or the Fund's investment adviser.
Yahoo
2 days ago
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US hotel room construction hits 20-quarter low: CoStar
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Yahoo
5 days ago
- Yahoo
Long-Shuttered Michigan Ski Area Could Reopen, With a Twist
A Michigan nonprofit has announced plans to reimagine and revive Sugar Loaf (not to be confused with Sugarloaf, Maine) a long-shuttered and beloved ski area that, more than two decades ago, served skiers with a small collection of new version of Sugar Loaf, as the Leelanau Conservancy described it in a recent announcement, would be a public space with Nordic skiing and human-powered backcountry ski access. Hiking and mountain biking are other proposed nonprofit doesn't intend to operate chairlifts or charge guests at Sugar Loaf, the Detroit Free Press reported. Infrastructure on the property would include several pavilions, viewing benches, an outdoor gathering space, and a sledding hill, among other improvements. "This is a once-in-a-lifetime opportunity to restore a place that holds deep meaning for so many," said Tom Nelson, Executive Director of the Leelanau Conservancy, in a statement."We envision Sugar Loaf as a place where people of all ages and abilities can hike, bike, cross-country ski, play, and reconnect with nature—where conservation and community come together on the mountaintop,' Nelson touring is also being considered for the to keep up with the best stories and photos in skiing? Subscribe to the new Powder To The People newsletter for weekly updates. The Leelanau Conservancy said that it's nearing its fundraising goal for the project. It still needs $1.6 million to hit its fundraising goal of $8 funds will go towards restoration, land maintenance, stewardship, trail construction, and infrastructure, the nonprofit added. Donations can be made by following this this fundraising goal is met, the Leelanau Conservancy will be given the 285-acre property by its current owner, who has chosen to remain anonymous. The owner has already funded the clearing of Sugar Loaf's decaying ski Satterwhite, a representative for Sugar Loaf's current owner, said in a statement, 'Ownership feels this land should belong to the community. Its goal has always been to see Sugar Loaf preserved and reopened to the public, not developed.'Sugar Loaf, back in the 1970s, was a roaring, popular ski area that saw between 3,000 and 4,000 visitors a day. But in 2000, Sugar Loaf closed, leaving a void for local skiers. However, with the new plan from the Leelanau Conservancy, the ski area could once again become an outdoor hub, even if it looks a little Michigan Ski Area Could Reopen, With a Twist first appeared on Powder on Jul 18, 2025 Solve the daily Crossword
