#Sol
Trade now . . Solana is moving towards 200$
โคโคโค๐๐๐๐๐๐๐๐๐๐๐๐ฏ๐ฏ๐ฏ
๐๐ค๐ก๐๐ฃ๐ ๐๐ฉ๐๐ ๐๐ฃ๐ ๐๐๐ ๐๐๐ฉ๐จ $33๐ ๐๐ง๐๐๐๐ฃ๐ ๐๐ค๐ก๐ช๐ข๐ ๐ค๐ฃ ๐ฟ๐๐ฎ 1, ๐๐ช๐ฉ๐ฅ๐๐ง๐๐ค๐ง๐ข๐จ ๐๐๐ ๐๐ฃ๐ ๐๐๐ ๐๐ช๐ฉ๐ช๐ง๐๐จ ๐๐๐
REX Shares Solana Staking ETF (SSK) saw an impressive $33 million in first-day trading volume, outperforming both XRP and SOL futures ETFs. SOL price is recovering following the update.
The Rex Shares Solana staking ETF (SSK) clocked a strong $33 million trading volume on the inaugural day, outperforming XRP futures ETF and SOL futures ETF, with assets under management (AUM) hitting $1 million. Bloomberg ETF strategist Eric Balchunas believes that the AUM could multiply ten times soon if SSK continues to drive similar interest ahead. SOL price has responded positively with 4.3% gains following this development, with CME futures volume hitting an all-time high.
The REX-Osprey Solana Staking ETF launch on Wednesday was pretty successful, clocking more than $33 million in trading volumes. Eric Balchunas, the senior ETF strategist at Bloomberg, stated that it is impressive considering that it is much higher than an average ETF launch, while beating the likes of XRP futures ETF and SOL futures ETF.
Following yesterdayโs development, the SOL futures trading volume on the Chicago Mercantile Exchange (CME) surged to its all-time high, above $1.7 million. This shows a strong demand among traders for the altcoin, following the staking ETF launch.
SOL price has also surged 4.3% in the last 24 hours, with daily trading volume reaching $4 billion. As reported, by coingape markets analysts, riding on the positive news Solana price can jump 47% from here to $235. Meanwhile, $159 remains a crucial resistance for SOL.