REX Shares’ Solana ETF to Distribute $600k+ in Landmark Staking Dividend – First Payout Hits Aug 1

Wall Street meets crypto yield farming as REX Shares’ Solana ETF prepares to drop its first staking rewards—proving even TradFi can’t resist DeFi’s siren song.

The $600,000+ payout marks a watershed moment for regulated crypto products, blending the thrill of blockchain rewards with the paperwork of a 401(k).

Staking dividends: Because why let your ETF holdings gather dust when they could be grinding for yield like the rest of us?

Context and scale

SSK launched on July 2 and amassed overjust 12 trading days later. By design, SSK is the first US-listed Solana ETF to incorporate on-chain staking rewards, giving investors exposure to SOL’s market price and its protocol yield within an exchange-traded format. 

However, the product is not a standard SEC-registered spot ETF structure, as SSK does not hold spot Solana directly. Instead, it delivers SOL exposure primarily through other vehicles.

Fund disclosures show a multi-line portfolio anchored by a position labeled “Solana” alongside a 42.3% exposure to the 21Shares Solana Staking ETP, plus a smaller sleeve in “LSD Solana,” and a cash-like allocation to First American Government Obligations.

The debut distribution marks a milestone for staking’s integration into mainstream fund plumbing. 

For wealth managers, the pass-through approach provides a standardized way to capture SOL’s staking economics without building crypto infrastructure in-house. For the ETF market, SSK’s mechanics offer a template for how staking-enabled products can pair yield with price exposure under a US listing.

If investor interest and inflows persist, SSK’s cadence of monthly distributions could become a bellwether for how protocol-level rewards translate into cash yields across crypto ETFs, shaping expectations for future staking-aware products tied to other networks.