REX Shares’ Solana Staking ETF Achieves $143.7M AUM
- REX Shares’ Solana Staking ETF achieves $143.7M assets under management.
- Launched by Greg King, four weeks ago.
- Pioneers on-chain yield distribution in U.S. market.
REX Shares’ Solana Staking ETF (SSK) achieved $143.7 million in assets under management in its first month, marking a breakthrough in U.S. markets by offering on-chain Solana staking rewards directly to investors. The fund rapidly grew through strong institutional and retail inflows.
This milestone highlights the Solana Staking ETF’s significance, showcasing strong investor confidence in blockchain-native income through regulated financial products.
The Solana Staking ETF, launched by REX Shares, amassed $143.7 million in AUM, distributing Solana staking yields to U.S. investors. Greg King, a pioneer in ETF innovation, spearheaded the launch. The ETF is structured with direct Solana staking exposure.
Investor Interest and Market Impact
During its rapid debut, the ETF saw substantial investor interest . Payouts totaling $618,000 underscore effective yield distribution strategies. Solana’s market position is solidified, reflecting confidence in such innovative financial vehicles.
“This distribution is the next phase in our effort to bring blockchain-native income into the ETF structure. We believe this is the most direct, compliant, and scalable way for U.S. investors to participate in Solana staking.” — Greg King, Founder & CEO, REX Shares
Institutional and retail entities fueled the ETF’s rapid growth. Its design increases stake supply, potentially affecting Solana’s market liquidity. Market observers noted trading volumes surged, reaffirming the ETF’s immediate impact.
Significantly, the ETF does not hold exposure to ETH or BTC, focusing on Solana and related Layer 1 assets. The ETF structure prioritizes regulatory frameworks, indicating potential future trends in upheld compliance while enhancing investment accessibility.
Future of Crypto Exposure
The ETF has set a precedent for similar financial instruments, reflecting investor demand for regulated crypto exposure. The achievement may influence U.S. financial product development, bolstering Solana’s profile in institutional markets.
The swift market acceptance of staking distributions within an ETF context demonstrates regulatory adaptation potential. This may lay groundwork for future products involving tokens like ETH, expanding on Solana’s robust performance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Eurozone stays afloat in choppy waters as ECB warns of uncharted risks
Share link:In this post: Christodoulos Patsalides says the eurozone is dealing with geopolitical challenges. ECB member Peter Kazimir has argued against lowering rates in September unless there are clear signs in the labour market. Gabriel Makhlouf believes the ECB should adopt a “wait-and-see” stance.
Europe’s biggest banks surge to post-2008 highs as rates drive earnings boom
Share link:In this post: Shares of Europe’s biggest banks hit their highest levels since 2008, driven by long-term interest rate increases. Net interest income surged as 30-year bond yields in Germany and the UK rose above short-term yields. Valuations have reached book value, but still lag behind U.S. banks like JPMorgan and Goldman Sachs.
Balaji Srinivasan calls AI the most economically useful invention of our time
Share link:In this post: Balaji Srinivasan says there are many strong AIs, not one dominant model. AI shifts costs to prompting and verifying, not full automation. Crypto limits what AI can fake, especially with onchain data.
Justin Sun Makes Space Dream Come True, Sets New Record for Chinese Astronauts
Justin Sun has officially become the youngest Chinese commercial astronaut in history, also writing a historic page for the Chinese in the commercial space industry.
Trending news
MoreCrypto prices
More
