*Real SOL staking ETF just launched - $8M in 20 mins
This one's actually legit (unlike that corporate wrapper before)...
REX-Osprey SOL + Staking ETF (SSK) went live Wednesday
$8M volume first 20 minutes
$20M inflows before midday
Started at $25.47 on Cboe
Bloomberg called it "healthy start"
*Why this matters
Real staking rewards:
-7.3% yield passed to investors
-Anchorage Digital handling custody
-First actual US staking ETF
Translation: SOL exposure + yield in your brokerage account.
*Market reaction
-SOL: Jumped 2% to ~$151
-Reality: Still 46% below ATH
-Classic crypto: Dropped 8% day before launch 😅
Need $159 break for real trend change.
*Competition coming
-9 SOL ETF applications pending
-BlackRock/VanEck waiting approval
-90%+ odds for big players
REX got first-mover advantage but institutions might wait for the giants.
*My take
Actually significant - first real staking ETF vs corporate hack.
7.3% yield is compelling but REX is small vs BlackRock.
Bottom line: Proof of concept works. Big players coming soon.
Staking ETF or direct SOL - what's your move
