#REX-OSPREYSolanaETF

Rex-Osprey's Solana Staking ETF has made a significant debut in the US market. Here are the key points ¹ ²:

- *ETF Details*: The Rex-Osprey Solana + Staking ETF, trading under the ticker SSK on Nasdaq, is the first US exchange-traded fund offering direct exposure to Solana and staking rewards.

- *Debut Performance*: On its first day, the ETF saw $12 million in inflows and $33 million in trading volume, indicating a strong market interest.

- *Market Impact*: Bloomberg ETF analysts Eric Balchunas and James Seyffart described the opening day performance as "healthy," noting it exceeded previous Solana and XRP futures ETFs but trailed the $4.6 billion seen during the spot Bitcoin ETF launch.

- *Regulatory Workaround*: To address SEC concerns, the fund allocated over 40% of its holdings to other exchange-traded products, many based outside the US.

- *Potential for More Solana ETFs*: The successful launch might pave the way for more Solana ETFs, with Invesco and Galaxy seeking SEC approval for a spot Solana ETF.

The ETF's launch has also had a positive impact on Solana's price, with some analysts predicting potential growth ³:

- *Price Prediction*: If Solana sustains its price above the 20-day EMA, it could jump to $155 and later to $159, potentially targeting $192.

- *Resistance Levels*: Key resistance levels to watch are $155, $159, and $168, while support levels are $140 and $137.