Solana-Based ETF Exceeds $250 Million in AUM Two Months Post-Launch

The Solana (SOL)-based exchange-traded fund (ETF) has achieved a remarkable milestone, surpassing $250 million (approximately 3.4 trillion Korean won) in assets under management (AUM) within just two months of its launch. This innovative financial product is setting new benchmarks in the digital asset investment space.

Rapid Success of the REX-Osprey SOL + Staking ETF

REX Shares, the issuer behind the "REX-Osprey SOL + Staking ETF (SSK)," announced on September 11, 2025, that the ETF experienced exceptional growth since its debut on July 2, 2025. The SSK ETF stands out as the first of its kind in the United States to integrate spot Solana (SOL) exposure with native, on-chain staking rewards. This dual approach enables investors to benefit from both Solana's price movement and staking income, combining capital appreciation with passive earnings.

“The AUM has exceeded $250 million within just two months of launch,” the company stated, emphasizing the fund's early success. “We are committed to bringing more innovative products to digital asset investors moving forward.”

Factors Behind the SSK ETF’s Rapid Growth

Solana’s Bullish Price Momentum Boosts Appeal

A primary driver of the fund’s growth is Solana's robust market performance. Over the past month, Solana’s price surged by 20.7%, with year-to-date gains exceeding 27%. This bullish trend has strengthened investor confidence in the cryptocurrency, making the SSK ETF an attractive choice for those seeking exposure to its upward trajectory.

ETF Demand Reflects Evolving Investor Preferences

The rising popularity of ETFs among both retail and institutional investors has further fueled the fund's momentum. As more market participants seek diversified and simplified access to digital assets, demand for innovative ETFs like SSK continues to escalate. The fund bridges the gap between traditional financial products and blockchain technology, offering unique utility and value.

Legal Structural Innovation Resolves Tax Concerns

In an additional breakthrough, REX-Osprey announced that the SSK ETF will undergo a structural transition to address tax inefficiencies. The fund plans to shift from a traditional C-Corporation framework to a Regulated Investment Company (RIC) structure.

This move is designed to eliminate corporate taxation at the fund level. Under the new RIC framework, income and capital gains will face taxation only at the point of shareholder distributions, effectively resolving the issue of “double taxation” often associated with C-Corp structured funds.

By adopting this more tax-efficient structure, the SSK ETF offers investors greater net returns while setting a procedural standard for future digital asset ETFs. This transition highlights REX-Osprey’s commitment to aligning with best practices while maximizing shareholder value.

A Landmark Achievement in the Digital Asset Landscape

The success of the SSK ETF signals a turning point in the intersection of blockchain technology and traditional investing. Representing a fusion of cryptocurrency exposure with on-chain staking rewards, the fund grants investors an innovative pathway to participate in the fast-evolving digital asset ecosystem.

With its record-setting AUM growth, stellar asset performance, and strategic structural improvements, the SSK ETF showcases the maturing relationship between institutional finance and blockchain. As adoption accelerates, this milestone reinforces Solana’s position as a leading player in the crypto space while paving the way for future advancements in asset management.