“In the US launched the first SOLANA STOKING SRIGHT Fund-Rex-Osprey Solana Staking Etf (SSK). This was reported by Bloomberg analyst Eric Balchunas. $ SSK Ended Day with $ 33m in Volume. Again, Blows Away The Solana Futures etf and Xrp Futures etfs (or The Avg etf Launch) But It Is Much Lower than the Bitcoin […]”, – WRITE: Businessua.com.ua
In the US launched the first SOLANA STOKING SRIGHT Fund-Rex-Osprey Solana Staking Etf (SSK). This was reported by Bloomberg analyst Eric Balchunas.
$ SSK Ended Day with $ 33m in Volume. Again, Blows Away The Solana Futures etf and Xrp Futures etfs (or The Avg etf Launch) But It Is Much Lower than the Bitcoin and Ether Spot etfs. pic.twitter.com/t6lkqwdxlc
– Eric Balchunas (@ericBalchunas) July 2, 2025
The product gives investors access to spot SOL and stinging profits. The Fund’s storage and stinging partner was Anchorage Digital.
On the first day of trading on the CBOE BZX exchange, the capital raised in SSK amounted to $ 12 million, the volume of bidding – $ 33 million.
Bloomberg Analyst James Seyfthart named the start of “healthy”, indicating $ 8 million in the first 20 minutes of trading.
FIRST SPOT SOLANA STAKING ETF IS Official Live. Healthy Start to Trading for a New etf with ~ $ 8 Million in Trading in First 20 Min. pic.twitter.com/hbl7zzzzvv1f
– James Seyffart (@jseyff) July 2, 2025
SSK has significantly exceeded the debuts of Futures ETF on Solana and XRP, but gave way to spot funds based on Bitcoin and Ethereum, Balchunas added.
The Fund was structured under the 1940 Investment Companies Law, which avoided the standard 19B-4 application form to launch spot ETF. Novadius Wealth Management President Nate Jerchi called it “regulatory bypass.”
Against the backdrop of ETF launch, there is an open interest in Solana futures on CME reached a record $ 167 million, which indicates an increase in institutional interest.
🚨just in: Solana Cme Futures See Record Demand as Open Interest Hits $ 167M. The Surge Follows of the Launch of the First-its Solana Staking etf in the Us, Signaling Rising Institutional Interest. pic.twitter.com/249ysmrmhz
– Solanafloor (@Solanafloor) July 2, 2025
Meanwhile, spot bitcoin-ETFs in the US are again fixing the inflow of capital. In two days, investors invested more than $ 1 billion, compensating for a outflow of $ 342.2 million.
On July 2, a pure inflow amounted to $ 407.8 million, on July 3 – $ 601.8 million. ETF IBIT from Blackrock after two days without motion received $ 224.5 million on July 3.
We will remind, in June Balchunas predicted “Summer Altcoin-ETF”. According to him, SEC can already approve of cryptocurrencies on the basis of cryptocurrencies in July, and subsequently-Solana-ETF.
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