The REX-Osprey Solana Staking ETF (SSK) has crossed $100 million in property beneath administration (AUM), simply 12 buying and selling days after its July 2 launch, in response to a July 22 assertion.
Greg King, founding father of REX Shares, highlighted the pace of this development as a testomony to rising investor urge for food for modern crypto publicity by regulated funding autos.
In keeping with him:
“Crossing the $100 million mark in simply over two weeks underscores the urge for food for modern, blockchain-native options.”
SSK is the primary US-listed spot Solana ETF to include on-chain staking rewards. This provides traders direct publicity to SOL’s market worth and staking yield inside a liquid, regulated ETF format.
The product removes technical obstacles corresponding to managing wallets or self-custody, making Solana extra accessible to conventional traders.
As a consequence of this, the ETF gathered important curiosity from traders available in the market. Notably, Eric Balchunas, a senior ETF analyst at Bloomberg, identified that SSK recorded a powerful $12 million in buying and selling quantity on its first day, an early signal of robust market demand.
SOL’s rising worth
The ETF milestone coincides with a renewed surge in Solana’s worth, which climbed above $200 for the primary time since January 2025.
In keeping with mycryptopot’s information, this rally pushed Solana’s market capitalization to $107 billion, securing its place because the fifth-largest digital asset by market cap.
On-chain exercise continues to assist the bullish momentum. DeFiLlama information exhibits that the full worth locked in Solana-based DeFi protocols has surpassed $10 billion. In the meantime, over the previous week, greater than 350,000 new tokens have been deployed on the Solana community, marking a 9% improve.
Furthermore, institutional traders are additionally displaying heightened curiosity within the crypto asset.
On July 21, Upexi disclosed a $20 million acquisition of 100,000 SOL, whereas Defi Growth Corp. introduced a separate $28 million buy of 141,383 SOL.
These strikes sign confidence in Solana’s long-term potential amongst distinguished asset managers and institutional traders.
Talked about on this article
