Solana’s first staking ETF sees strong debut with $33M volume – What’s next?
2025-07-03 20:23:07
Main Idea
Solana's first staking ETF (SSK) debuted strongly with $33M in trading volume, offering a 7.3% annual yield, but Solana's price reaction remained muted.
Key Points
1. The REX-Osprey Solana + Staking ETF (SSK) launched with $33M in first-day trading volume, holding 234,743 SOL tokens (55.02% of its portfolio) and generating a 7.3% annual yield.
2. SSK's debut volume surpassed SOL and XRP futures ETFs but was far below Bitcoin and Ethereum spot ETF volumes, raising questions about scalability.
3. Solana's price saw only a 3.67% increase post-SSK launch, remaining nearly 50% below its all-time high of $294.
4. SSK's staking mechanism creates a cycle where inflows drive yield, differentiating it from traditional spot products.
5. The ETF's performance highlights Solana's appeal to yield-seeking investors, though its market structure's potential to scale remains uncertain.
Description
SK’s debut shines, but Solana’s muted price tells a quieter story.
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