📊 $SOL ETF with staking feature debuted raising $12M

The first Solana-based ETF with a staking feature - REX-Osprey Solana Staking ETF (SSK) - was launched in the United States. This was reported by Bloomberg stock analyst Eric Balchunas.

On the first day of trading on CBOE BZX, the product saw $12 million in inflows on $33 million in volume.

SSK gives investors direct access to spot Solana and steak yields.

Bloomberg exchange analyst James Seyffarth called the start of trading “healthy,” noting volume of $8 million in the first 20 minutes.

Balchunas added that SSK's performance significantly outperformed the launch of Solana and $XRP futures ETFs, but lost out to bitcoin and Ethereum-based spot funds

#sol #solana #etf