🔥 Solana Staking ETF Smashes Records: $33M Debut Leaves XRP in the Dust!
Crypto just witnessed history—Solana’s first U.S. staking ETF exploded onto the scene with a jaw-dropping $33 million in trading volume on Day 1! 🚀
The Breakdown:
🔹 Ticker: SSK (REX Shares)
🔹 Day 1 Volume:$33M (with $12M inflows)
🔹 Outperformed: XRP & Solana futures ETFs by a wide margin
🔹 Key Feature: Offers staking rewards—a first for U.S. ETFs!
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 yields—something traditional ETFs can’t do yet.
🔹 Custodian: Anchorage Digital (trusted name in crypto custody)
🔹 Investor Appeal: Indirect SOL exposure + passive staking income
What’s Next? Spot Solana ETFs on the Horizon!
The hype doesn’t stop here. Analysts like Eric Balchunas predict a 95% chance of spot Solana ETFs launching by end of 2025—putting SOL ahead of XRP in the ETF race.
📈 Price Action: SOL surged 4% post-launch, now eyeing $160 resistance. A breakout could send it soaring toward $184!
Final Takeaway
This isn’t just another ETF—it’s 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.
🚀 Buckle up—Solana’s 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.