$SOL The "REX-Osprey Solana + Staking ETF" (SSK) is now trading in the United States, and it is the first exchange-traded fund (ETF) that gives investors direct exposure to Solana (SOL) along with staking yields.
The fund ended its first trading day with strong demand, recording a trading volume of $33 million and net inflows of $12 million. Bloomberg's ETF analyst, Eric Balchunas, commented that SSK's performance on its first day "far exceeds" that of futures funds for Solana and Ripple (XRP), but is much lower than that of Bitcoin and Ethereum spot funds at their launch.
The launch of this fund is an important step for digital assets, as it provides investors with a simplified way to access the cryptocurrency market with the potential for staking rewards without the need to manage wallets or private keys 😌😌.