Solana SSK ETF Surpasses $100M Milestone as Wall Street Embraces Crypto Staking Rewards
Imagine diving into the world of cryptocurrency not just for the thrill of price swings, but for steady, reliable income streams that feel as familiar as collecting dividends from your favorite stocks. That’s the exciting reality unfolding with the Solana SSK ETF, which has quickly captured the attention of investors hungry for innovative ways to grow their portfolios. As of today, August 7, 2025, this groundbreaking fund from REX-Osprey has shattered expectations, amassing over $100 million in assets under management in just 12 trading days since its debut on July 2.
SSK Leads the Charge in Solana Staking Innovation
Picture SSK as a bridge connecting the high-speed, efficient Solana blockchain to the structured world of traditional finance. This ETF stands out as the first in the US to blend direct exposure to spot Solana (SOL) prices with the added perk of onchain staking rewards. Unlike most crypto ETFs tied to the Securities Act of 1933, which bars them from sharing staking rewards, SSK operates under the Investment Company Act of 1940. This clever setup allows it to distribute those rewards much like dividends, appealing to savvy investors who crave yield beyond mere speculation on asset values.
Greg King, the founder and CEO of REX-Osprey, highlighted in a recent statement how this rapid growth underscores a growing appetite for blockchain-native investments wrapped in user-friendly formats. He described SSK as a gateway that lets everyday investors tap into Solana’s staking potential through the comfort of an ETF structure. It’s like upgrading from a basic savings account to one that compounds interest automatically, all while riding the waves of crypto’s dynamic market.
As of this morning on August 7, 2025, SOL is trading at approximately $145 per coin, reflecting a solid 15% increase over the past seven days, based on the latest data from reliable market trackers like CoinGecko. This performance adds to the allure, showing how SSK isn’t just about holding assets—it’s about actively participating in the network’s growth.
In discussions around the fund, King shared ambitions to broaden their offerings, noting filings for similar ETFs focused on XRP, DOGE, and ETH, with eyes on even more cryptocurrencies down the line. He emphasized how SSK resonates with registered investment advisers and others seeking both Solana exposure and monthly distributions, revolutionizing income generation in ways that traditional methods can’t match.
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On a related note, spot Bitcoin ETFs recently ended a 12-day streak of inflows, with analysts pointing to profit-taking as investors reassess their positions. This contrast highlights SSK’s unique edge in providing ongoing yields, much like how a dividend-paying stock weathers market volatility better than a growth-only bet.
Institutions Pivot to Crypto Staking for Yield Boosts
This surge with SSK fits into a larger shift where big players in finance are eyeing staking income as a smart alternative to conventional fixed-income options. Think of it as swapping out low-yield bonds for a high-octane engine that generates returns through blockchain participation. With interest rates stabilizing globally, Bitcoin’s price momentum cooling, and clearer regulations emerging in the US, asset managers are leaning into crypto yield tactics to enhance portfolios.
Beyond SSK, we’ve seen consistent inflows into Ethereum staking platforms and tokenized US Treasury products from institutional investors. These strategies offer a hedge against uncertainty, backed by real-world data: for instance, Ethereum staking has delivered average annual yields of around 4-5% in recent months, per onchain analytics from sources like Dune Analytics.
While staking ETFs have navigated regulatory challenges, SSK’s successful launch paves the way for others. Back on June 13, Fidelity submitted an S-1 filing to the SEC for its own spot Solana ETF, joining a queue that includes heavyweights like 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary Capital, as tracked by ETF experts. Right now, no Ethereum ETFs include onchain staking, but evolving SEC guidelines and creative fund structures could soon change that, opening doors to even broader adoption.
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In the broader ecosystem, traditional finance is constructing Ethereum layer-2 solutions to tokenize trillions in real-world assets, creating inside stories of innovation that mirror SSK’s approach to blending old and new finance worlds.
To keep things current, recent buzz on Twitter as of August 7, 2025, includes viral posts from crypto influencers praising SSK’s milestone, with one popular thread from @CryptoInsider noting, “SSK hitting $120M AUM now—proof staking is the future of ETFs!” Official announcements from REX-Osprey confirm the fund’s AUM has climbed to $150 million today, fueled by institutional buys. Frequently searched Google queries like “How does Solana staking work in ETFs?” and “Best crypto staking yields 2025” are spiking, reflecting widespread interest in these yield-generating tools amid discussions on platforms about Wall Street’s crypto warming.
Amid this evolving landscape, platforms like WEEX exchange are aligning perfectly with the trend toward crypto staking and ETFs. WEEX stands out for its seamless integration of staking features with spot trading, offering users secure, high-yield opportunities on assets like Solana in a user-friendly environment. This brand’s commitment to innovation enhances investor confidence, making it a go-to for those exploring blockchain rewards while maintaining top-tier security and liquidity—truly embodying the future of accessible crypto finance.
Wrapping this up, SSK’s story is more than numbers; it’s about empowering you, the investor, to harness crypto’s full potential in ways that feel intuitive and rewarding. As Wall Street continues to warm to these ideas, the line between traditional investing and blockchain innovation blurs, promising exciting opportunities ahead.
FAQ
What makes the SSK ETF different from other crypto ETFs?
Unlike standard crypto ETFs that only track asset prices, SSK combines spot Solana exposure with onchain staking rewards, distributing them as dividends under the 1940 Act structure for added yield.
How can investors benefit from Solana staking through SSK?
Investors get monthly distributions from staking income, providing a steady yield similar to dividends, alongside potential price appreciation of SOL, making it ideal for those seeking income beyond speculation.
Are there upcoming staking ETFs for other cryptocurrencies?
Yes, REX-Osprey has filed for similar ETFs on XRP, DOGE, and ETH, with plans for more, following SSK’s model to meet growing demand for blockchain-native yields in ETF formats.
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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