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REX Shares pays out 600,000 USD in staking returns for the Solana ETF.
REX Shares announces ETF REX-Osprey SOL + Staking ( code SSK) will execute its first distribution of dividends on August 1, paying $0.12169 per share and transferring all staking rewards to investors. With 5,075,000 shares outstanding, the first distribution is estimated at around $618,000.
SSK is the first ETF listed in the US that distributes staking rewards from cryptocurrency to shareholders, using a regulated investment structure and distributing monthly. The fund provides staking returns from Solana through investment vehicles instead of directly holding SOL, including 42.3% in 21Shares' Solana staking ETP and other derivative products.
Since its launch on July 2, SSK has attracted over $135 million in capital, paving the way for other Staking ETFs in the future.