Summary
- It was reported that the Solana (SOL) staking-enabled ETF (SSK) launched by REX Shares and Osprey Funds is expected to offer JitoSOL as a staking reward.
- It was announced that investors in this ETF will be able to receive staking rewards in the form of JitoSOL through their ETF holdings.
- It was reported that this is the first time among US ETF products that JitoSOL is being offered as a reward to investors.
On the 24th (local time), according to cryptocurrency-focused media outlet The Block, the US asset management firms REX Shares and Osprey Funds have launched a Solana (SOL) staking-enabled Exchange-Traded Fund (ETF, ticker SSK), which is expected to distribute JitoSOL, the liquid staking token from the Solana-based protocol Jito (JTO), as staking rewards.
As a result, investors in this ETF will be able to receive staking rewards in the form of JitoSOL through their ETF holdings.
This is the first time among US ETF products that investors are being provided with JitoSOL as a reward.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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