REX-Osprey’s First US Solana Staking ETF with 100% JitoSOL Rewards
REX-Osprey launched its SEC-approved Solana Staking ETF on July 2, 2024, becoming the first U.S. crypto ETF to distribute 100% of SOL staking rewards directly to shareholders via JitoSOL integration. The fund uses liquid staking through JitoSOL to maintain continuous liquidity and native yield generation, reaching $222 million in trading volume and over $100 million in assets under management. CEO Greg King emphasized that no staking rewards are retained by the issuer. The ETF offers regulated brokerage access to Solana staking without private-key management and benefits from Jito’s MEV strategies, Solana’s high throughput, low fees, and Proof of History consensus. While this innovation may set a new standard for proof-of-stake asset ETFs and attract institutional interest, traders should consider risks such as market volatility, regulatory changes, variable staking yields, and smart contract vulnerabilities.
Bullish
The introduction of the first U.S. Solana Staking ETF with 100% direct JitoSOL rewards is likely to drive new capital inflows into SOL. By eliminating issuer-retained rewards and offering regulated, liquid staking via familiar brokerage accounts, the product reduces friction for institutional and retail investors. Jito’s MEV strategies and Solana’s network efficiencies further enhance yield prospects, supporting positive market sentiment. In the short term, growing AUM and trading volume may boost demand for SOL. Over the long term, the ETF could establish a sustainable yield-bearing investment channel, increasing Solana’s attractiveness and driving continued price appreciation despite general market volatility.