No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 22, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Solana staking ETF launch ranks in top 1% with $33 million debut

by TheAdviserMagazine
4 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
Solana staking ETF launch ranks in top 1% with  million debut
Share on FacebookShare on TwitterShare on LInkedIn


Nemo

Solana’s institutional appeal has surged, with data showing significant growth in both its staking Exchange-Traded Fund (ETF) and Solana CME futures markets.

The impressive performance translated into a 5% rise in SOL’s value in the last 24 hours to $155 as of press time, according to CryptoSlate’s data.

The REX-Osprey Solana Staking ETF, known as SSK, achieved an impressive debut on June 2, drawing $12 million in inflows and generating $33 million in trading volume.

Solana ETF

Bloomberg’s ETF analyst Eric Balchunas highlighted that SSK’s first-day performance ranked in the top 1% for new ETF launches.

Balchunas noted that the SSK’s $33 million trading volume on its opening day was exceptional, far outpacing the Solana and XRP futures ETFs. While the volume was much lower than Bitcoin and Ether ETFs, the result still indicates a robust investor interest in Solana.

Solana ETF
Solana Staking ETF Day 1 Performance (Source: X/Balchunas)

The analyst speculated that if the fund maintains its strong momentum, it could reach $10 million in assets under management by close of play today.

As the first spot Solana ETF and the first staking ETF in the US, SSK offers a unique opportunity for investors to gain exposure to Solana while benefiting from staking yields. The fund aims to stake at least half of its assets to provide consistent yields to investors.

However, SSK differs from the Bitcoin ETFs managed by BlackRock and others. SSK uses an Investment Company Act of 1940 structure, keeping more than 40 % of assets in foreign SOL ETPs to satisfy diversification rules. That makes it slightly different from the 33-Act spot Bitcoin/Ethereum ETFs, but the economic exposure is similar.

VanEck, 21Shares, and others are still awaiting SEC approval on ‘true’ spot Solana ETFs, with analysts giving ~95 % odds they will clear by year-end.

Solana CME futures

Meanwhile, the demand for Solana exposure is also evident in the performance of Solana CME futures.

According to Coinglass data, open interest in these futures surged 13%, reaching an all-time high of $167 million. This marks a significant increase in institutional interest since Solana futures were first listed on the CME platform in March.

Solana CME FuturesSolana CME Futures
Solana CME Futures Chart (Source: Coinglass)

The CME offers two types of Solana futures contracts, including the standard contracts (representing 500 SOL) and retail-friendly “micro” contracts (representing 25 SOL).

These contracts are settled in cash rather than physical Solana, offering institutions a regulated method for gaining Solana exposure.

The spike in open interest illustrates the rising institutional appetite for Solana-related financial products. However, this increased liquidity also brings the potential for greater volatility, as leveraged positions can lead to sharp price movements.

The combination of a successful ETF launch and strong futures market activity is a clear signal of Solana’s growing institutional traction.

Mentioned in this article



Source link

Tags: debutETFlaunchMillionRanksSolanastakingTop
ShareTweetShare
Previous Post

Inside Iran’s war economy

Next Post

Alibaba plans to raise $1.53 billion with exchangeable bonds for cloud, commerce push

Related Posts

edit post
Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

by TheAdviserMagazine
October 22, 2025
0

Researchers at tech giant Google said they mapped out the structure of a molecule 13,000 times faster than the most...

edit post
Robinhood lists BNB token

Robinhood lists BNB token

by TheAdviserMagazine
October 22, 2025
0

Key Takeaways Robinhood has listed BNB on its platform, allowing US retail investors greater access. This follows Coinbase's addition of...

edit post
Dogecoin Bullish Fractal Suggests 800% Surge Is Coming Amid Momentum Acceleration

Dogecoin Bullish Fractal Suggests 800% Surge Is Coming Amid Momentum Acceleration

by TheAdviserMagazine
October 22, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin is still facing a lot of...

edit post
Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash

Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash

by TheAdviserMagazine
October 22, 2025
0

Veteran trader Peter Brandt has drawn a comparison between Bitcoin’s current price pattern and the 1977 soybean crash. The trader...

edit post
How the U.S. bailout could bring the end to Argentina’s ‘libertarian utopia’

How the U.S. bailout could bring the end to Argentina’s ‘libertarian utopia’

by TheAdviserMagazine
October 21, 2025
0

If you’ve heard this story before, you’re not alone. Argentina is particularly adept at leaping from crisis to crisis. A...

edit post
Elon Musk Reignites Floki Frenzy, Can FLOKI Hold Gains as Crypto Market Falls 3%?

Elon Musk Reignites Floki Frenzy, Can FLOKI Hold Gains as Crypto Market Falls 3%?

by TheAdviserMagazine
October 21, 2025
0

Making a 6% weekly uptick, FLOKI recently ripped higher after Elon Musk posted an AI-generated video of his Shiba Inu...

Next Post
edit post
Alibaba plans to raise .53 billion with exchangeable bonds for cloud, commerce push

Alibaba plans to raise $1.53 billion with exchangeable bonds for cloud, commerce push

edit post
Meebits Joins Telegram To Grow Its NFT Ecosystem

Meebits Joins Telegram To Grow Its NFT Ecosystem

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
As national debt accelerates to  trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

As national debt accelerates to $38 trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

0
edit post
Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

0
edit post
Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

0
edit post
15 Best-Paying States for Women in Construction

15 Best-Paying States for Women in Construction

0
edit post
Alleged loan fraud is frustrating but isolated

Alleged loan fraud is frustrating but isolated

0
edit post
Generation Capital raises NIS 280m on TASE

Generation Capital raises NIS 280m on TASE

0
edit post
As national debt accelerates to  trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

As national debt accelerates to $38 trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

October 22, 2025
edit post
Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

October 22, 2025
edit post
Alleged loan fraud is frustrating but isolated

Alleged loan fraud is frustrating but isolated

October 22, 2025
edit post
Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

October 22, 2025
edit post
Is the Internet Dead? – Banyan Hill Publishing

Is the Internet Dead? – Banyan Hill Publishing

October 22, 2025
edit post
LDI in Frontier Markets: Building Resilience, the Nigeria Case Study

LDI in Frontier Markets: Building Resilience, the Nigeria Case Study

October 22, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • As national debt accelerates to $38 trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’
  • Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google
  • Alleged loan fraud is frustrating but isolated
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.