REX-Osprey Converts Solana ETF To RIC Structure

REX-Osprey, the ETF partnership between REX Financial and Osprey Funds, has shifted its Solana + Staking ETF (SSK) from a C-Corp to a Regulated Investment Company (RIC) structure, effective September 1.

The change eliminates double taxation, meaning income and gains are taxed only once at the shareholder level rather than at both fund and investor levels.

SSK remains the sole U.S.-listed ETF offering direct exposure to spot Solana and staking rewards. Unlike futures-based products, it bypasses contango losses, instead locking in actual staking yields.

The switch to a RIC structure makes SSK more competitive by boosting long-term returns for investors while maintaining regulatory compliance.

REX-Osprey said the move reflects its mission to design crypto ETFs that balance compliance and performance. With Osprey providing crypto infrastructure expertise and REX leveraging its ETF experience, the joint venture is positioning SSK as a pioneering vehicle for investors seeking Solana exposure with improved tax treatment.

You need to login in order to Like