The REX-Osprey Solana ETF (Ticker: SSK) has registered over $222 million in trading volume, signaling robust investor interest. It is the first exchange-traded fund to offer exposure to Solana (SOL) with integrated staking.
The ETF achieved $69.7 million in net inflows by July 16, with only a single day of outflow since its inception. The fund has gained continuous interest from participants of the market in spite of one of the lowest management fees of 7.05%.
To provide some context, both Ethereum and Bitcoin ETFs had more than $1 billion and $3 billion inflows during the same period, respectively.
$SSK officially debuted on July 2, and had hit $33M volume on the first day itself by beating XRP, SOL Futures. In the process, the fund can claim more rewards of network validation and thus bring potential returns to investors besides a capital gain.
The staking is made possible through a collaboration with Anchorage Digital, which is the only federally chartered cryptocurrency bank in the U.S. It functions as the qualified custodian of the ETF and also manages the custody of the SOL tokens that is as well as on-chain staking.
The structure of the fund expands the investment possibilities of both institutional and retail investors. And it is also an indication of a maturing regulatory framework on digital assets. The launch could lead to the appearance of other yield-generating crypto ETFs in the future.
Also Read: SEC Speeds Up Solana ETF Review Before October Deadline
