REX-Osprey has added JitoSOL, Solana’s top liquid staking token, to its Solana ETF (SSK). This is the first time a liquid staking asset has been included in a U.S.-listed crypto ETF.
The Solana ETF Liquidity Increases with the JitoSOL Integration
The official announcement stated that the integration will allow investors to receive Solana staking rewards without managing wallets or trying to use DeFi. JitoSOL lets staked SOL to remain tradable, making the fund much more flexible without giving up on-chain rewards.
Greg King, CEO of REX and Osprey Funds, said the partnership improves capital efficiency while maintaining transparency. Staking continues natively on the Solana blockchain, and all rewards go directly to shareholders.
With JitoSOL, the Solana ETF avoids common staking limitations such as long lock-up periods. It enables the fund to remain flexible and sensitive to market fluctuations.
REX and Osprey do not keep any portion of the staking rewards. The Solana Staking ETF outperformed XRP and SOL futures ETF on the first day of trading in terms of volume.
The introduction of JitoSOL will further strengthen the fund and introduce more value to the staked assets. By mid-July, the fund achieved a target asset under management (AUM) of $100 million within 12 days of trading.
Other intended Solana ETFs can take a cue from the JitoSOL integration as the roadmap to future staking ETFs.
Jito Foundation Chief Reacts to ETF Milestone
Thomas Uhm, Chief Commercial Officer at the Jito Foundation, said in an X post that this marks a turning point for how staked assets can be used in traditional finance. He noted that liquid staking tokens solve key problems around yield access and asset redemption.
Uhm described the integration as the result of months of collaboration between Jito and the REX Shares team. He credited REX for recognizing the value JitoSOL brings to staking-based financial products.
According to Uhm, Liquid Staking Tokens (LSTs) the clearest way to create a fully staked Solana ETF product. He said they give investors access to maximum yield without extra costs or complex requirements.
He called the outcome a “win-win-win” and praised the effort it took to reach this Solana ETF milestone. Meanwhile, Solana price is down 0.9% in the last day and currently trades at $188.22.
Source: CoinMarketCap
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Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
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