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REX-Osprey SOL + Staking ETF (SSK) Surpasses $100 Million AUM in Just 12 Trading Days
REX-Osprey SOL + Staking ETF (SSK) Surpasses $100 Million AUM in Just 12 Trading Days

Business Wire

time14 hours ago

  • Business
  • 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.

All Sunshine for First Spot Solana ETF
All Sunshine for First Spot Solana ETF

Yahoo

time08-07-2025

  • Business
  • Yahoo

All Sunshine for First Spot Solana ETF

The first spot-price Solana ETF has landed, and it's in a lonely position. The Rex-Osprey SOL + Staking ETF (SSK) started trading last Wednesday on Cboe after being approved by the Securities and Exchange Commission the previous week. While numerous ETF issuers have been queuing up for spot Solana approval, most have filed their products under the Securities Act of 1933, rather than the 1940 Act, as the Rex-Osprey fund did. Spot-price crypto exchange traded products, such as those for bitcoin and ether, have had success in getting the SEC's approval under the 1933 Act, given the regulator's stance that the crypto assets may not be securities. However, the path for products that offer proof-of-stake rewards, in which crypto owners are compensated for 'staking' some of their tokens to validate transactions on the network, has not been as easy. Filing under the 1940 Act, which covers securities, worked in Rex-Osprey's favor. 'We took a different path,' the companies' founder and CEO Greg King said. 'The innovation here is we were able to use a 40 Act structure to bring Solana exposure to the market.' READ ALSO: Dimensional Hits $200B in ETF Assets and Innovator Launches 2 Dual Directional ETFs Demand for anything other than spot bitcoin and, to a lesser extent ether, in ETF or ETP form hasn't been strong. The question is whether staking could meaningfully change that. 'It's like having your money in a checking account that pays zero versus putting it in a money market,' King said. Total expenses for the ETF are 128 basis points, 75 of which are the management fee. Observers had tempered optimism about the fund's potential: 'I'm a fan. All the staking yield is passed to investors with payouts, and Solana in and of itself has great upside potential,' financial consultant Tyrone Ross Jr. said. 'The only thing I would quibble with is the fee.' 'It's gaining significant interest despite not being a traditional 33 Act spot ETF,' said Roxanna Islam, head of sector and industry research at TMX VettaFi. 'But assuming the 33 Act spot Solana funds are launched with fees in line with current spot bitcoin and ether ETFs, that could make this a close race, even with SSK having a significant head start.' Time in the Sun: The current SEC leadership's change in treatment of crypto, compared with the prior administration's, has been encouraging, King said. And, at least on the first day of trading, there was strong interest in the ETF, with more than 800,000 shares traded before noon, he noted. 'We're having a great kickoff day.' — Emile Hallez This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Sign in to access your portfolio

REX-Osprey™ Launches First U.S. ETF with Solana Exposure plus Staking Rewards
REX-Osprey™ Launches First U.S. ETF with Solana Exposure plus Staking Rewards

Business Wire

time02-07-2025

  • Business
  • Business Wire

REX-Osprey™ Launches First U.S. ETF with Solana Exposure plus Staking Rewards

MIAMI--(BUSINESS WIRE)--REX-Osprey™, a strategic collaboration between REX Shares and Osprey Funds, today announced the launch of SSK, the REX-Osprey ™ Solana + Staking ETF, the first U.S.-listed ETF to give investors exposure to Solana (SOL) plus staking rewards in their securities brokerage accounts. SSK provides investors with cost-effective and convenient exposure to Solana (SOL) by offering primarily spot SOL exposure—avoiding the negative effects of contango that can impact futures-based ETFs. In addition to this direct exposure, the fund also delivers the benefits of SOL staking, which currently offers a reward rate of 7.3%. The fund seeks to hold the majority of its assets in directly staked SOL, 40% of its assets in exchange-traded products that themselves stake SOL, and a small amount of its assets in liquid staking tokens like JitoSOL.) Importantly, all staking rewards received by the fund are passed directly to investors, with neither REX nor Osprey retaining any portion. An investment in the Fund is not a direct investment in Solana. Investing involves significant risk, including the possible loss of principal. "This is a major milestone for ETFs and the crypto industry, and a pioneering expansion in how securities investors can access crypto investments and blockchain-native returns," said Greg King, CEO of REX Financial. "With SSK, we're giving investors Solana staking rewards in a familiar ETF format—something that's never been done before in the U.S. market. We've essentially built a bridge between the world of TradFi securities investments and the world of crypto investments." SSK is designed to serve both retail and institutional investors. Unlike other crypto products that rely on derivatives or just provide spot crypto exposure, SSK participates directly in native Solana staking, ensuring that rewards are sourced from the blockchain protocol itself, and SSK also participates indirectly in staking by holding exchange-traded products that themselves hold staked SOL. This allows investors to take part in Solana's network economics while maintaining the convenience and transparency of an ETF. About REX-Osprey REX-Osprey is a joint initiative between REX Financial, a leader 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 the integrity of traditional financial structures with the transformative potential of blockchain technology. Important Risks 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 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. 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 (the Reference Asset) 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. 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. Contango is when futures contracts trade at progressively higher prices the further out in time they are set to expire. Staking Rewards are the incentives or payments earned by participants who commit (or "stake") their cryptocurrency tokens to help support the operations and security of a blockchain network, typically one that uses a Proof-of-Stake. Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares, Osprey Funds, or the Fund's investment adviser.

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