#REX-OSPREYSolanaETF
Breaking news in the crypto world! 🚀 The REX-Osprey Solana Staking ETF has made a remarkable debut, marking a significant milestone in the crypto industry. Here are the key highlights
- *Debut Performance*: The ETF attracted $12 million in inflows and recorded a trading volume of $33 million on its first day, with Bloomberg's senior ETF analyst Eric Balchunas describing the opening day performance as "healthy".
- *Staking Rewards*: This innovative ETF offers investors exposure to Solana (SOL) while providing a 7.3% staking reward, making it the first US crypto ETF to combine token exposure and staking rewards in a regulated structure.
- *Market Impact*: The launch has positively impacted Solana's price, which rose above $150 and is currently trading around $153, up almost 4% in the last 24 hours.
- *Custodian and Staking Partner*: Anchorage Digital has partnered as the sole custodian and staking partner for the ETF, adding credibility to the product.
- *Future Prospects*: The success of this ETF could pave the way for other crypto staking ETFs and potentially even spot Solana ETF approvals, signaling growing institutional demand for crypto staking ETFs and spot Solana exposure.
The REX-Osprey Solana Staking ETF trades under the ticker SSK on the Nasdaq and Cboe BZX Exchange, offering a new opportunity for US investors to gain exposure to Solana while earning staking rewards