REX-Osprey Transitions Solana Staking ETF to RIC Structure for Enhanced Tax Efficiency

REX-Osprey™, the collaborative investment entity between REX Financial and Osprey Funds, has shifted its SOL + Staking ETF (ticker: SSK) from a C-Corporation to a Regulated Investment Company (RIC) structure. This transition becomes effective September 1st. The aim of this change is to enhance tax efficiency for investors, reducing federal and state taxes at the fund level upon meeting distribution requirements outlined by U.S. tax law. Under the RIC format, income and gains will be taxed just once, at the shareholder level, replacing the double-tax structure typical of C-Corp ETFs.