US EditionSolana (SOL) News: SSK Opens for Trade
UNITED STATES, JUL 2 – The REX-Osprey Solana + Staking ETF offers investors direct Solana exposure with a 7.3% yield and recorded $8 million in trading volume in its first 20 minutes, signaling strong demand.
- On July 2, REX Shares and Osprey Funds launched the first U.S. Solana ETF, SSK, trading on Cboe BZX with integrated staking rewards and regulatory structuring.
- The fund restructured as a C-corporation under the 1940 Act after SEC delays, enabling it to bypass approval hurdles and incorporate staking features.
- Investors traded $8 million of the SSK ETF in its first 20 minutes, with SOL reaching $149.75 and $12 million inflows, indicating strong early demand.
- Following the ETF launch, SOL surged 5%, boosting its market cap by nearly $4 billion due to strong capital inflows.
- The SEC is reviewing multiple Solana ETF proposals from major firms, with decisions delayed into late July, fueling analyst expectations of a wave of future launches.
22 Articles
22 Articles
Key Points of the News Solana's first ETF of stacking, SSK, debuted at $12 million in net inflows and $33 million in trading volume, surpassing previous ETF launches of futures. Its C-corporation structure allocates at least 40% to other listed ETFs, generating about 7% annual performance (Apy) per chain stacking, avoiding direct submission of ETF requests to the SEC in cash. SOL triggered 4% up to approximately $154 after the launch of SSK, and…
First Spot Solana Staking ETF Launches with Strong Initial Trading Volume and Market Interest
The post First Spot Solana Staking ETF Launches with Strong Initial Trading Volume and Market Interest appeared on BitcoinEthereumNews.com. The launch of the first spot Solana staking ETF, trading under ticker SSK, has made a significant impact by generating $33 million in trading volume on its debut day. This innovative ETF combines staking rewards with regulated investment exposure, appealing to both institutional and retail investors seeking …
REX-Osprey Launches First U.S Solana Staking ETF With 7.3% Passive Income
Investors get SOL exposure and 7.3% yield in one ETF Anchorage Digital handles both custody and staking duties $8M traded in first 20 minutes signals strong market demand REX-Osprey has officially launched the Solana Staking ETF ($SSK) to offer U.S. investors direct exposure to Solana (SOL) with staking rewards. This is the first ETF in the U.S. to combine Solana token exposure with staking yields under a regulated structure. The fund seeks to c…
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