{"id":35130,"date":"2025-07-03T21:16:53","date_gmt":"2025-07-03T21:16:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35130"},"modified":"2025-07-03T21:16:53","modified_gmt":"2025-07-03T21:16:53","slug":"ssk-makes-strong-debut-as-first-us-solana-staking-etf-logs-33m-volume","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35130","title":{"rendered":"SSK Makes Strong Debut as First US Solana Staking ETF, Logs $33M Volume"},"content":{"rendered":"
\n

The first US Solana staking ETF has wrapped up its opening session with significant momentum.<\/p>\n

The new fund attracted $12 million in inflows and closed the day with $33 million in trading volume, according to Bloomberg ETF analyst Eric Balchunas.<\/p>\n

SSK Outperforms Solana, XRP Futures Volume<\/h2>\n

Trading under the ticker SSK on the Cboe BZX Exchange, the REX-Osprey Solana Staking ETF is the first of its kind in the United States, which provides direct exposure to spot Solana while allowing investors to capture staking yields.<\/p>\n

The product\u2019s debut comes amid rising interest in crypto-related ETFs but was marked by a performance gap compared to the blockbuster first-day volumes seen with spot Bitcoin and Ether ETFs earlier this year.<\/p>\n

In the latest tweet, Balchunas also noted<\/a> that SSK\u2019s launch surpassed the volumes of Solana and XRP futures ETFs and even outpaced the typical ETF launch.\u00a0Despite this, the fund remained significantly below the $4.6 billion first-day trading activity recorded by spot Bitcoin ETFs in January 2024.<\/p>\n

The ETF\u2019s structure allowed it to move forward without the standard 19b-4 filing process, using the Investment Company Act of 1940.<\/p>\n

As Balchunas had previously explained<\/a>, it achieved this by allocating at least 40% of its assets to other exchange-traded products, primarily outside the US. This approach followed prior regulatory pushback from the SEC, which initially raised concerns about the product\u2019s qualification under securities laws.<\/p>\n

As such, Anchorage Digital is tasked with serving as the ETF\u2019s staking and custodian partner.<\/p>\n

SSK Off To A \u201cHealthy Start\u201d<\/h2>\n

Bloomberg\u2019s James Seyffart described<\/a> the opening as a \u201chealthy start,\u201d and added that $8 million worth of shares traded hands within the first 20 minutes.<\/p>\n

The trading debut may help gauge institutional appetite for a potential spot Solana ETF in the country, which analysts believe could receive approval later this year. Balchunas and Seyffart have recently assessed a 95% probability for such approvals before year-end, which reflects optimism in the broader market despite the current subdued volumes in spot Bitcoin and Ether ETFs.<\/p>\n

The post SSK Makes Strong Debut as First US Solana Staking ETF, Logs $33M Volume<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The first US Solana staking ETF has wrapped up its opening session with significant momentum. The new fund attracted $12 million in inflows and closed the day with $33 million in trading volume, according to Bloomberg ETF analyst Eric Balchunas. SSK Outperforms Solana, XRP Futures Volume Trading under the ticker SSK on the Cboe BZX […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35130","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35130"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35130\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}