š„ Solana Staking ETF Smashes Records: $33M Debut Leaves XRP in the Dust!
Crypto just witnessed historyāSolanaās first U.S. staking ETF exploded onto the scene with a jaw-dropping $33 million in trading volume on Day 1! šĀ Ā
The Breakdown:
š¹ Ticker: SSK (REX Shares)Ā Ā
š¹ Day 1 Volume:$33M (with $12M inflows)Ā Ā
š¹ Outperformed: XRP & Solana futures ETFs by a wide marginĀ Ā
š¹ Key Feature: Offers staking rewardsāa first for U.S. ETFs!Ā
Why This is a BIG Deal
Unlike Bitcoin and Ethereum spot ETFs, SSK bypassed SEC approval by structuring as a C-corp, allowing it to deliver staking yieldsāsomething traditional ETFs canāt do yet.Ā Ā
š¹ Custodian: Anchorage Digital (trusted name in crypto custody)Ā Ā
š¹ Investor Appeal: Indirect SOL exposure + passive staking incomeĀ Ā
Whatās Next? Spot Solana ETFs on the Horizon!
The hype doesnāt stop here. Analysts like Eric Balchunas predict a 95% chance of spot Solana ETFs launching by end of 2025āputting SOL ahead of XRP in the ETF race.Ā Ā
š Price Action: SOL surged 4% post-launch, now eyeing $160 resistance. A breakout could send it soaring toward $184!Ā Ā
Final Takeaway
This isnāt just another ETFāitās proof that
institutional demand for Solana is heating up. With more filings in the pipeline (looking at you, Franklin Templeton & Bitwise), SOL is cementing itself as a regulated finance heavyweight.Ā
š Buckle upāSolanaās ETF era has officially begun!
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your own research before investing.