Solana Staking ETF Records $12M Inflows in Strong Market Debut

The first U.S. Solana staking exchange-traded fund (ETF) has made a robust market entry, demonstrating institutional investor interest in crypto staking products. Trading under ticker SSK on Cboe BZX Exchange, the REX-Osprey Solana Staking ETF generated $33 million in trading volume with $12 million in net inflows on its Wednesday launch, according to Bloomberg ETF analyst Eric Balchunas.

The pioneering product provides direct exposure to spot Solana with staked yield components - a first for SEC-approved crypto staking ETFs in the U.S. Bloomberg ETF specialist James Seyffart noted the fund saw $8 million traded within its first 20 minutes, calling it "a healthy market debut." While trailing the $4.6 billion debut of U.S. spot Bitcoin ETFs in January 2024, the Solana product outperformed initial trading volumes of Solana and XRP futures ETFs.

Anchorage Digital, the fund's staking and custody partner, described the launch as transformative. "Crypto staking ETFs represent a watershed moment for digital assets, advancing full ecosystem accessibility," said co-founder Nathan McCauley. Regulatory approval required structural adjustments after SEC concerns emerged in May - the fund allocated 40%+ assets to non-U.S. exchange-traded products to qualify under the 1940 Investment Company Act.

Market analysts view this development as a potential precursor to spot Solana ETF approvals, with Seyffart and Balchunas estimating 95% likelihood by end-2025. Solana's price showed restrained reaction - up 3.6% to $153, underperforming major altcoins despite 5% weekly gains. However, CME Solana futures exhibited record demand post-launch, with open interest hitting $167 million, signaling growing institutional engagement.