REX-Osprey converts Solana ETF to tax-efficient structure

REX-Osprey has revamped its Solana exchange-traded fund (ETF) to boost investor appeal, with the changes taking effect on September ￰0￱ overhaul aims to improve tax efficiency for ￰1￱ SSK Solana + Staking ETF has converted from a C-Corporation structure to a Regulated Investment Company (RIC). This new archetype eliminates the fund-level taxes and directly distributes earnings to ￰2￱ move is significant in streamlining taxation, reducing costs for investors, and consolidating the ETF’s position in a market that is becoming increasingly competitive for crypto ETFs . REX-Osprey ends double taxation with RIC shift The past iteration of the SOL ETF was a C-Corporation (C-Corp).

Under that structure, the fund was required to pay federal and state taxes on any income, including stakeholder ￰3￱ paying those taxes, the remainder is distributed to ￰4￱ return, investors were required to pay their own taxes on those ￰5￱ led to double taxation, a major disadvantage relative to most traditional ETFs in the United ￰6￱ second layer of taxation gradually eroded overall returns and made the fund decidedly less competitive. REX-Osprey has lifted this onus by moving to an RIC ￰7￱ fund itself no longer pays any taxes. Rather, any taxable earnings or capital gains are rolled through to ￰8￱ investor subsequently bears tax at their own marginal ￰9￱ arrangement is common to most United States ETFs, whether stock or bond funds.

It’s a leveling of the field for the Solana ETF, one in accordance with the industry’s ￰10￱ King, the founder and chief executive of REX Financial, described the change as a definite upgrade for ￰11￱ explained that it simplifies the tax situation and allows shareholders to keep more ￰12￱ noted that SSK provides direct exposure to Solana’s spot price while also earning staking rewards, a combination not offered by any other U. S.-listed ￰13￱ added that investors can track Solana’s performance while benefiting from the additional yield generated through ￰14￱ commentators agree that eliminating tax inefficiencies will likely make crypto ETFs much more attractive for retail and institutional traders–the Solana Opportunity.

Solana, which has staking yield as a significant factor for investors, could be the game-changer needed to start bringing in more inflow for the layer1 ￰15￱ shift puts REX-Osprey ahead as Solana ETF race heats up Part of that is simply the timing of the ￰16￱ are considering several applications for Solana spot ETFs, with numerous issuers filing amendments ￰17￱ say such filings indicate approval may be ￰18￱ removing “tax drag,” REX-Osprey’s Solana ETF is better positioned to compete when other Solana ETFs start coming to ￰19￱ costs and more straightforward taxation could appeal to more retail and institutional ￰20￱ SSK ETF is still the only U.

S.-listed product tying together spot Solana with staking ￰21￱ sets it apart from other potential ETFs, which are thought to track only the token’s ￰22￱ has been significant investor appetite for exposure to Solana since clicking ‘Launch’ on SSK on July 2, ￰23￱ fund took 12 trading days to reach $100 million in assets under management (AUM), marking one of the fastest starts for a crypto ￰24￱ to REX data, AUM had climbed to $212 million by late ￰25￱ growth also indicates the investor appetite for Solana and optimism about more ETFs potentially being ￰26￱ Difference Wire : the secret tool crypto projects use to get guaranteed media coverage