Solana SSK ETF tops $100 million in 12 days since listing... Wall Street turns its attention to ”staking”

Wall Street, a traditional financial market, is quickly adapting to the cryptocurrency staking revenue model. The first physical Solana in the US was exposed and on-chain staking was launched.
SSK, an ETF that combines King Indemnity, has exceeded $100 million in assets under management (AUM) in just 12 days since its listing. SSK, launched by REX-Osprey,
The ETF will be listed on the US stock market on July 2nd, and will allow investors to directly invest in Solana and distribute the rewards generated through on-chain staking in the form of dividends.
Most cryptocurrency ETFs are subject to the Securities Act of 1933 (SEC).
1933) and does not allow staking profit distribution, but SSK
It is registered under the Investment Company Act of 1940 and has a structure that allows it to distribute regular income, making it a major attraction for investors who prefer income-oriented products.
"SSK is a way for retail investors to buy and sell shares of Sora and other cryptocurrencies through existing ETF structures," Rex Osprey founder and CEO Greg King said in a press release.
"It is a gateway that allows access to the power of staking," and "proves that there is indeed market demand for blockchain-based investment products."
Solana (SOL) price has now surpassed $200, rising 25.3% in the last seven days. The expectation of ETF returns and the appeal of staking rewards have a synergistic effect.
In an interview with Cointelegraph, Grecking said, "It is similar to other major cryptocurrencies such as XRP, Dogecoin (DOGE), and Ethereum (ETH)."
"SSK is particularly attractive to registered investment advisory firms (RIAs) and institutional clients who want Solana exposure and regular dividends all in one," he said.
We are getting closer in terms of strength," he said.