The newly launched Solana ETF, $SSK, has quickly gained traction among investors. On a single day, it brought in $20 million, pushing its total assets to over $40 million. That’s a big jump, especially considering it only launched a few days ago.
Launched under the name REX-Osprey Solana + Staking ETF ($SSK), the fund made headlines for being the first U.S.-listed Sol ETF that holds and stakes real Solana (SOL) tokens. Unlike traditional crypto ETFs that just track price, $SSK offers staking rewards, which are currently around 7.3% annually, and pays them out monthly to investors.
On its opening day (July 3), the ETF saw a strong debut with $33 million in trading volume, though it started with just $1 million in assets under management (AUM). Experts like Bloomberg’s Eric Balchunas had predicted it could hit $10 million in AUM by Day 2, a target it quickly surpassed.
Now, $SSK has even outperformed rival Solana ETF $SOLZ, and is catching up to $SOLT, a 2x leveraged version. Together, the three Solana-focused ETFs have pulled in about $80 million over the past month, doubling their combined assets.
While still small compared to Bitcoin or Ethereum ETFs, the strong inflows and rising interest show that investors are excited about crypto products that offer both growth and yield. As Balchunas summed up, “a lot of green numbers = good.”
Also Read: SEC Speeds Up Solana ETF Review Before October Deadline
