$BTC

Rex-Osprey's Solana ETF doubles its accumulated capital inflow to $41 million on July 8

The first spot Solana ETF in the U.S. attracted $21 million in net cash flow on July 8, bringing the total to $41.2 million, according to data from Farside Investors. This increase represents a 104% rise compared to the $20.2 million raised in the previous three trading sessions.

Although SSK has a management fee of 0.75%, much higher than the 0.25% of Bitcoin (BTC) and Ethereum (ETH) products, Solana's cash flow remains significantly lower than these assets. Bitcoin ETFs have garnered around $2.9 billion in their first four sessions, while Ethereum ETFs reached nearly $1.2 billion.

Rex-Osprey is the sole issuer of the Solana ETF, while many issuers have participated in the Bitcoin and Ethereum markets. Despite the high costs, the growth in cash flow indicates that demand from investors remains strong.