REX-Osprey Integrates JitoSOL into Solana + Staking ETF

The addition of JitoSOL enhances liquidity and allows investors to earn native Solana staking rewards through the ETF, which has surpassed $100 million in AUM since its launch.

SOL
JITOSOL

Summary

REX-Osprey has officially incorporated JitoSOL, a liquid staking token from the Solana ecosystem, into its Solana + Staking ETF (SSK). This upgrade enables the ETF to provide native Solana staking rewards while maintaining liquidity and transparency. Since its launch on July 2, SSK's assets under management have exceeded $100 million, indicating a growing demand for crypto asset allocation through traditional accounts. CEO Greg King noted that SSK is the first U.S. ETF to introduce crypto staking rewards, enhancing liquidity through the integration of JitoSOL.

Terms & Concepts
  • JitoSOL: A liquid staking token associated with the Solana blockchain, allowing users to earn staking rewards while maintaining liquidity.
  • ETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, similar to stocks, that holds assets like stocks, commodities, or cryptocurrencies.
  • AUM (Assets Under Management): The total market value of the assets that an investment company or financial institution manages on behalf of clients.