Solana Staking ETF Launches with $12 Million in First Day Inflows
The REX-Osprey Solana Staking ETF (SSK) debuted in the U.S. with $12 million in inflows and $33 million in trading volume on its first day. This ETF, traded on the Cboe BZX Exchange, offers investors direct exposure to Solana (SOL) along with staking yields.
Key Highlights
- SSK achieved $8 million in trading volume within 20 minutes of launch.
- Day-one performance surpassed previous Solana and XRP futures ETFs but fell short of Bitcoin ETF launches.
- Anchorage Digital serves as the staking and custodian partner for SSK.
- The ETF navigated SEC objections by structuring under the Investment Company Act of 1940.
Despite minimal immediate price impact, SOL trades at approximately $154.55, reflecting a 4.4% daily increase. Technical analysis indicates bullish potential, with Fibonacci extension targets set at:
- $194.70
- $237.02
- $279.34
- $305.49
SOL Symmetrical Triangle | Source: TradingView
Analysts now estimate a 95% probability of approval for spot ETFs related to Solana, XRP, and Litecoin by the end of 2025. Institutional interest is indicated by record open interest in Solana CME futures, hitting $167 million.
With improving regulatory clarity, Solana could see significant price movement towards the $200–$300 range.