REX Shares introduced in a July 31 publish that its REX-Osprey SOL + Staking ETF (SSK) will make its first month-to-month distribution on Aug. 1, paying $0.12169 per share and passing by 100% of staking rewards.
With 5,075,000 shares excellent, the inaugural payout totals roughly $618,000. The issuer described the occasion as the primary time a US-listed ETF has distributed crypto staking rewards to shareholders, noting that the fund’s belongings are actively staked and that distributions will happen month-to-month.
The payout formalizes SSK’s design as a yield-bearing Solana car in a regulated wrapper, translating protocol rewards into money flows that may be booked like every other ETF distribution.
The scale of future payouts will fluctuate with staking yields, portfolio positioning, and normal fund mechanics.
As of July 30, third-party information present $135.3 million in internet inflows, in keeping with Farside Buyers’ information.
Context and scale
SSK launched on July 2 and amassed over $100 million in belongings below administration simply 12 buying and selling days later. By design, SSK is the primary US-listed Solana ETF to include on-chain staking rewards, giving traders publicity to SOL’s market worth and its protocol yield inside an exchange-traded format.
Nonetheless, the product is just not a regular SEC-registered spot ETF construction, as SSK doesn’t maintain spot Solana instantly. As an alternative, it delivers SOL publicity primarily by different autos.
Fund disclosures present a multi-line portfolio anchored by a place labeled “Solana” alongside a 42.3% publicity to the 21Shares Solana Staking ETP, plus a smaller sleeve in “LSD Solana,” and a cash-like allocation to First American Authorities Obligations.
The debut distribution marks a milestone for staking’s integration into mainstream fund plumbing.
For wealth managers, the pass-through strategy gives a standardized strategy to seize SOL’s staking economics with out constructing crypto infrastructure in-house. For the ETF market, SSK’s mechanics provide a template for a way staking-enabled merchandise can pair yield with worth publicity below a US itemizing.
If investor curiosity and inflows persist, SSK’s cadence of month-to-month distributions may develop into a bellwether for a way protocol-level rewards translate into money yields throughout crypto ETFs, shaping expectations for future staking-aware merchandise tied to different networks.
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