REX Shares’ Solana ETF to payout over over $600k in first staking-based dividend on Aug 1

REX Shares announced in a July 31 post that its REX-Osprey SOL + Staking ETF (SSK) will make its first monthly distribution on Aug. 1, paying $0.12169 per share and passing through 100% of staking rewards.

With 5,075,000 shares outstanding, the inaugural payout totals approximately $618,000. The issuer described the event as the first time a US-listed ETF has distributed crypto staking rewards to shareholders, noting that the fund’s assets are actively staked and that distributions will occur monthly.

The payout formalizes SSK’s design as a yield-bearing Solana vehicle in a regulated wrapper, translating protocol rewards into cash flows that can be booked like any other ETF distribution.

The size of future payouts will vary with staking yields, portfolio positioning, and standard fund mechanics.

As of July 30, third-party data show $135.3 million in net inflows, according to Farside Investors’ data.

Context and scale

SSK launched on July 2 and amassed over $100 million in assets under management just 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.