news 
The United States has made a groundbreaking milestone in the cryptocurrency market by launching its first-ever Solana staking exchange-traded fund (ETF), which has seen significant inflows. The REX-Osprey Solana + Staking ETF (SSK) made its debut with $12 million in inflows, exceeding expectations.
The novel product provides investors with a simple and cost-effective means to invest in Solana without the complexities associated with futures-based ETFs. Unlike other similar products, this ETF does not engage in futures trading but instead purchases actual SOL tokens directly. This unique approach offers direct exposure to the cryptocurrency’s price movement while also staking SOL tokens to generate additional returns for investors.
As per the information available, the CEO of REX Financial, Greg King, expressed his views on the launch by stating that this is a major milestone for ETFs and the crypto space as it provides a groundbreaking expansion in how securities investors can access crypto investments and blockchain-based returns.
Source: www.cryptonewsz.com
