REX-Osprey Shifts Solana Staking ETF (SSK) to RIC Structure - What It Means for Crypto Investors

Breaking: REX-Osprey executes structural pivot—converting its Solana Staking ETF into a Regulated Investment Company framework.

The Mechanics Behind the Move

Swapping ETF wrapper for RIC status streamlines tax treatment and enhances liquidity options—because who doesn't love navigating regulatory arbitrage?

Market Implications

This restructuring potentially unlocks broader institutional adoption while maintaining Solana's staking yield mechanics—Wall Street finally gets its crypto cake and eats it too.

Bottom Line: Another traditional finance vehicle co-opts crypto innovation—because nothing says decentralization like a ticker symbol and a prospectus.

First-of-Its-Kind Solana Staking Access

SSK remains the only U.S.-listed ETF offering exposure to spot Solana (SOL) and staking rewards. The fund directly holds SOL and other non-U.S. exchange-traded products that hold SOL and generate staking yields.

While futures ETFs bleed through contango, SSK goes straight to spot SOL, locking in real staking yields without the drag. The switch to a RIC structure doesn’t just clean up tax liabilities—it positions the fund to compete on long-term returns without the drag of double taxation.

By pairing REX Financial’s ETF pedigree with Osprey Funds’ crypto infrastructure know-how, the duo is crafting products that speak both regulatory compliance and on-chain performance.

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