🚀 Solana's First Staking ETF Launch Hits $33M — Surpasses XRP Futures!

Solana (SOL) just scored a massive win for its ecosystem — and institutional eyes are locked in. On Wednesday, Rex Shares officially launched the first-ever Solana Staking ETF (SSK) on the Cboe exchange, instantly grabbing headlines and outperforming expectations.

📊 $33M Day One Volume: SSK > XRP Futures

ETF analyst Eric Balchunas reported that the SSK ETF saw $33 million in first-day trading volume and $12 million in inflows, outperforming not only the XRP futures ETF, but also the average ETF launch. While it’s still behind the monster numbers of BTC and ETH spot ETFs, the strong demand for SOL is loud and clear.

“Blows away Solana futures ETF and XRP futures ETFs…” – Eric Balchunas, Bloomberg

Unlike Bitcoin ETFs, Anchorage Digital holds the actual staked SOL backing the ETF — a game-changing move that adds unique appeal to this product.

💡 What This Means for Solana

Institutional validation: SOL just entered a new league of legitimacy.

New exposure channel: Traditional finance now has a simple path to staked Solana yields.

Competitive edge: Surpassing XRP futures may tilt attention and capital flows more toward SOL.

📈 Price Action & Forecast

SOL surged ~4% Wednesday, and continued rising Thursday, crossing $154.

It broke above its May 24 descending trendline, retested it cleanly, and bounced again.

If momentum continues:

📍 Target 1: $160 (key daily resistance)

📍 Target 2: $184.13 (next major level)

On the downside, a correction may retest $141.41 support.

🔮 TL;DR: SOL’s ETF Era Begins

This isn’t just an ETF. This is a signal that Solana is here to compete with the big boys—and it's doing it with staking rewards in the mix. With strong inflows, rising price action, and bullish technicals, the stars seem to be aligning for SOL.

Buy and trade here on $SOL

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