U.S. Approves First Solana Staking ETF with Strong Trading Debut

The U.S. financial markets witnessed a historic milestone yesterday as the first Solana (SOL) Staking ETF began trading. Launched by REX-Osprey, this groundbreaking product—the REX-Osprey Solana + Staking ETF (SSK)—garnered significant investor interest on its debut. Bloomberg Senior ETF Analyst Eric Balchunas reported that the fund achieved $33 million in trading volume on its first day, marking a stronger performance than Solana and XRP futures ETFs. James Seyffart, another Bloomberg analyst, noted the ETF's rapid early traction, stating, "The inaugural U.S. Solana Staking ETF launched with approximately $8 million in volume within just 20 minutes." The fund also secured $1 million in assets under management on its first trading day. Regulated under the stringent requirements of the Securities Act of 1940, the ETF selected Anchorage Digital as its custodian. While SSK's performance outpaced crypto futures ETFs, it remained below the benchmark set by spot Bitcoin (BTC) and Ethereum (ETH) ETFs. This is not investment advice.