Latest news with #SSK
Business Wire
21 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.
Time of India
2 days ago
- General
- Time of India
Dakshina Kannada achieves high student registry coverage of 82.1%
Mangaluru: Dakshina Kannada (DK) district has reached close to 82.1% coverage in generating Automated Permanent Academic Account Registry (APAAR) IDs, a mandatory requirement for students from kindergarten to Class XII Samagra Shikshana Karnataka, which oversees the process, pointed out that despite this, DK tops the state from day one of its implementation. Tired of too many ads? go ad free now The process for the current academic year for those who joined kindergarten and Class I is yet to commence. The officials have requested parents to keep all documents clear as the APAAR ID will be required for various academic-related works in the future. The data of every candidate's academic performance is accessed through it. Officials from SSK said that the major hurdle in not achieving 100% registration is because Dakshina Kannada has a lot of migrants coming from north Karnataka. There are also a few from other districts. "The Aadhaar card is primarily used to create the APAAR ID. However, the issue is that names and other credentials don't match each other. The spelling and address are wrong, which is a major complaint. As a result, the officials are unable to generate it. Also, they must go to their native places to rectify it, where they visit once or twice a year," an official said. A teacher from a govt school near Bokkapatna, that sees the highest number of admissions from north Karnataka, shared a similar concern. "We have so far been able to complete 80% registration. The rest is pending due to a mismatch of Aadhaar details. The name we have entered in the Student Tracking System is not there on the card. There are multiple spelling mistakes in their names. If there is a single spelling mistake, the system fails to complete the process," the teacher said. Govinda Madivala, DDPI, Dakshina Kannada, said that the APAAR ID, an initiative started across the country last academic year, enhances efficiency, removes duplicity, minimises fraud, facilitates student mobility, and enhances academic flexibility. Therefore, every parent should provide the right documents for the process. This ID functions as a permanent digital identity for the student in the education ecosystem. "The ID will be integrated with entrance exams in the coming year," he said.
Time of India
16-07-2025
- General
- Time of India
Initiative proposed for statewide implementation
Mangaluru: Ganitha Ganaka, an initiative by the state government to enhance foundational numeracy for students in grades three to five through personalised one-to-one phone tutoring, has been proposed for implementation across govt schools in the state during the current academic year (2025-26). In line with 2024-25 budget announcement, the Ganitha Ganaka programmes were successfully conducted in 14,711 govt primary schools across 93 taluks in 17 districts, targeting around 6,99,705 students from grades three to five. The programme aimed to develop an interest in mathematics among students by involving parents and providing remote tutoring through phone calls after school hours to enhance basic mathematics skills. Considering the programme's success and effectiveness, one of the positive aspects highlighted by parents was the teachers' dedication. Samagra Shikshana Karnataka, under the department of school education and literacy, has now proposed implementing the programme across govt schools this year. The pilot project was implemented in Soraba and Raichur, and the programme later expanded to 17 districts covering 73 taluks in 2024-25. As per the circular dated July 14, the state planning director of Samagra Shikshana Karnataka has proposed that during the 2025-26 academic year, approximately 13,51,642 students from 38,548 primary and upper primary govt schools in the state will be engaged in developing an interest in mathematics and understanding basic mathematical concepts through phone calls from teachers (remote tutoring) after school hours. To effectively implement this programme, teachers will be trained at various levels through the department of state educational research and training to enhance the necessary skills. In order to carry out the programme, the govt will rope in a total of 75,000 teachers across the state. They will receive Rs 800 each, and the govt will spend a total of Rs 600 lakh. This will be done in collaboration with SSK, DSERT, Alokit, Abdul Latif Jameel Poverty Action Lab (JPAL), and Youth Impact organisations.
New Indian Express
16-07-2025
- Politics
- New Indian Express
Samagra Shiksha: Kerala to explore legal options over delay in central funds
THIRUVANANTHAPURAM: The state government will explore legal options regarding the denial of central funds to the tune of Rs 1,466 crore to Samagra Shiksha Kerala (SSK) for nearly two years, allegedly due to non-implementation of the National Education Policy. Senior education department officials will meet Advocate General K Gopalakrishna Kurup on Thursday to discuss the issue, sources said. A decision has been made to approach the court. 'The officials will meet the AG to finalise the appropriate legal platform,' said a senior official. The denial of funds for two years has left the students in a lurch. Distribution of orthopaedic equipment for children with disabilities, textbooks, uniforms and travel allowances have been pending for long. The Union government has not released funds to SSK since the second half of the 2023-24 academic year. No reason has been cited for the delay. The SSK, however, is conducting therapy for autistic children and other basic activities through funds from the state and local self-governments, sources said. But nearly everything else has come to a standstill. Fund crunch has crippled many projects, says official Earlier, the implementation of many centrally sponsored schemes under the National Health Mission were affected in the state, due to a delay in central grants. The state has been locked in a major dispute with the Union government over the latter insisting on branding of schemes funded by the Centre. In the case of SSK, non implementation of NEP could be the reason for non-issue of funds, said officials. 'No official reason has been cited for the delay. But as per unofficial communication, fund allocation has been affected due to non-implementation of NEP,' a top education department official told TNIE. The funds are supposed to move through the PM-SHRI (PM-ScHools for Rising India) scheme, which falls under NEP. Fund shortage has severely crippled many projects, said SSK officials. 'Inclusive education, RTE entitlements, vocational education projects, learning enhancement activities have all been severely affected due to the lack of funds,' said SSK state project director Supriya A R. Generally, SSK receives 60% of funds from the centre and the remaining from the state. Even tha payment of salaries to employees is in crisis due to the state's financial situation. Department officials have discussed with the finance minister the allocation of additional funds to provide salary.
The Wire
14-07-2025
- Business
- The Wire
Solana (SOL) Price Prediction: $200–$300 in Sight as Little Pepe (LILPEPE) Gears for Top 20 Spot
Solana is riding a wave of institutional momentum thanks to its new staking ETF, while Little Pepe is capturing the meme coin crowd with a presale that's moving faster than most expected. One is a blue-chip Layer 1 poised for a measured rally, while the other is a meme-fueled Layer 2 experiment that might just explode into the top 20. Solana (SOL) Price Prediction: $200–$300 in Sight The recent launch of the REX‑Osprey Solana Staking ETF (SSK) on Cboe BZX marked a milestone for SOL. With over $12 million in day‑one inflows and a robust $33 million trading volume, institutional backing is surging. Analysts say this ETF, which combines spot exposure and staking rewards (~7.3% annually), enhances Solana's appeal as both a growth asset and an income generator. From a technical standpoint, Solana recently broke above its descending trendline and 50‑day EMA, signalling strong bullish momentum. Chart watchers highlight a cup‑and‑handle formation and inverse head‑and‑shoulders pattern, with the key $140 support holding firm, setting the stage for a breakout toward $200–$300. In the short term, Solana's path to $200 looks more and more likely, especially if it consolidates above the $160–$170 range. If ETF inflows persist and broader sentiment stays strong, a push to $300 over the medium term—possibly by 2026—isn't out of the question. Some even whisper about $400–$500 targets if crypto catches full fire again. Of course, no rally is linear. A dip toward $125–$140 remains on the table if macro factors or ETF enthusiasm lose steam. But while Solana builds its case with ETFs and technicals, something very different—but equally compelling—is happening in the meme coin space. And its name is Little Pepe. Little Pepe (LILPEPE): The Meme-Tech Underdog with Top 20 Ambitions Let's be honest—most meme coins come and go with the wind. But $LILPEPE is not just another frog-themed gamble. It's a full-blown Ethereum-compatible Layer 2 chain custom-built for memes. Think faster swaps, cheaper fees, and sniper bot protection—all engineered for meme traders by meme traders. While other projects compete for scraps on crowded Layer 1 networks, Little Pepe is carving out its niche in the crypto world, boasting of rapid early responses. Stages 1 through 3 of its presale sold out quickly, raising over $3 million. Now in Stage 4, priced at just $0.0013 per token, over $4 million has already been raised, and the pace is accelerating. But it's not just the buzz. LILPEPE's core features include a gas-efficient network, zero trading taxes, anti-bot tech, and a native meme launchpad called Pump Pad. This isn't vaporware, it's tangible infrastructure designed for the next generation of meme tokens. There's also the $777,000 giveaway, where ten early backers stand to win $77,000 each in LILPEPE tokens. It's clever, it's viral, and it's working. Community momentum is accelerating across social media, Telegram, and presale dashboards. Listings on two major CEXs are confirmed, and the final listing price is locked at $0.003, giving early buyers an instant 130% gain even before the open market catches on. Some analysts believe a valuation of $0.13 is on the horizon; a 100x gain from today's presale price, if the team delivers and momentum continues. It's a high-risk, high-reward setup, but it has real legs. And if Little Pepe can establish itself as the go-to Layer 2 for meme coins, a Top 20 market cap doesn't sound so far-fetched. Solana vs. Little Pepe: Two Different Roads, One Destination—Upside Aspect Solana (SOL) Little Pepe (LILPEPE) Catalyst ETF launch rising staking demand Layer 2 launch explosive presale growth Upside View $200–$300 with institutional momentum 130% locked-in 100x potential gains post-listing Risks ETF hype fades, general market pullback Execution delays, meme fatigue Time Horizon Months into 2026 Weeks to months, depending on listing and demand Conclusion: SOL's Stability or LILPEPE's Speed? With tech utility, viral momentum, and a fast-selling presale, it's designed for explosive upside. If it succeeds, it won't just be a meme—it'll be a meme ecosystem. And that could launch it straight into the top 20 cryptos by market cap. If you want stable appreciation, Solana's your bet. But if you're here for asymmetric upside and game-changing narratives, Little Pepe might just be your next big move. For more information about Little Pepe (LILPEPE) visit the links below: Website: Whitepaper: Telegram: Twitter/X: (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
