Proof of Stake (PoS)

Search documents
Rising Interest In Blockchain Applications Bolsters REX Shares' Solana Staking ETF
Benzingaยท 2025-09-24 12:14
Core Viewpoint - The cryptocurrency sector, particularly Solana (SOL), is gaining significant attention following the Federal Reserve's interest rate cut, with the total market capitalization of decentralized digital assets reaching a record $4.12 trillion [1]. Group 1: Performance of Solana (SOL) - Since the beginning of the year, SOL has gained nearly 13%, but over the last six months, it has surged by 61%, outperforming Bitcoin, which increased by only 30% during the same period [2]. - SOL is currently trading above both the 50-day and 200-day moving averages, indicating strong price action and increased trading volume, which confirms bullish sentiment [2]. Group 2: Solana's Blockchain Ecosystem - Solana operates on a Proof of Stake (PoS) architecture, relying on validators to confirm transactions, which allows users to stake their tokens and earn rewards similar to dividends [4]. - The economic model of Solana promotes utility for blockchain developers, enabling instant integration of smart contracts into a global, public permissionless system [5]. Group 3: REX Osprey SOL Staking ETF (SSK) - REX Shares has launched the REX Osprey SOL Staking ETF (SSK) to cater to the needs of cryptocurrency investors, providing exposure to SOL and staking rewards without direct ownership of crypto assets [7][8]. - The SSK ETF is designed to track SOL's performance, with most of the fund's SOL staked, allowing shareholders to receive monthly distributions from staking rewards [9]. - The SSK ETF has gained about 28% since its launch in July and is trading above the 50-day moving average, benefiting from increased acquisition volume [12].