Solana, a precedent in US history! Exceptional data reached Sol!
Yesterday, another precedent occurred in the US when the first ETF (#ETF) based on spot deposits was approved and opened for trading.
The first spot deposit-based ETF ($SOL) from REX-Osprey, launched by the company, attracted significant attention on its first day.
Eric Baltchoun, senior ETF analyst at Bloomberg, stated that the REX-Osprey Solana + Staking ETF fund, which is the first approved ETF for cryptocurrencies in the US, achieved a trading volume of 33 million dollars on its first day.
James Sewart, a Bloomberg analyst, noted the success of the Solana ETF fund, stating: "The first spot deposit-based ETF fund from Solana was launched in the US. The SSK fund recorded trading volume of about 8 million dollars just 20 minutes after its launch."
The fund has also reached one million dollars in managed assets.
The performance of the Solana ETF fund outperformed the performance of exchange-traded futures funds for Solana and XRP, as well as their average outflows.
However, the fund's performance remained below the performance levels of #Bitcoin ($BTC) and #Ethereum ($ETH) in the spot market.
After being subjected to stricter oversight and regulation under the Investment Company Act of 1940, the fund chose Anchorage as its custodian.
The $SSK fund finished today with a trading volume of 33 million dollars. Once again, it outperformed the performance of the exchange-traded futures fund for Solana and the exchange-traded futures fund for XRP (or the average fund launch), but significantly lagged behind the performance of the exchange-traded funds for Bitcoin and Ethereum in the spot market. #REX-OSPREYSolanaETF #BTCReclaims110K