REX Financial Debuts Solana Staking ETF, Picks SOL Over ETH
REX Financial CEO Greg King has launched SSK, a 1940 Act Solana ETF designed to stake SOL and pass through staking rewards to investors. King argues Solana outperforms Ethereum for stablecoin settlement due to its high throughput and low-latency user experience. The Solana ETF, delivering annualized yields of 6–8% with current distributions of around 5%, uses a 40 Act wrapper for added investor safeguards and active management. King predicts an influx of regulated crypto ETFs, emphasizing SOL’s potential as a top-five digital asset and underdog to ETH. The launch of this staking-enabled Solana ETF signals growing institutional interest and adoption in the Solana ecosystem.
Bullish
REX Financial’s launch of a staking-enabled Solana ETF is bullish for SOL. Historical precedent from Bitcoin and Ethereum ETFs shows that regulated fund wrappers drive institutional inflows and price appreciation. The yield-plus-beta structure attracts investors seeking both exposure and yield stability. In the short term, demand for SOL may rise as traders allocate capital to capture staking rewards, increasing buying pressure. Long term, the 40 Act fund validates Solana’s role in stablecoin settlement and expands its institutional footprint, potentially narrowing the performance gap with Ethereum. Although higher costs and volatility remain, the ETF’s introduction strengthens market confidence and may boost SOL’s liquidity and adoption.