Solana Staking ETF Don Debut for Cboe Wit $33M Volume
REX-Osprey’s Solana Staking ETF (ticker SSK), na be di first US fund wey combine spot Solana exposure with staking yields, e launch for Cboe BZX, e pull $12 million for inflows and $33 million for trading volume, inside dat $8 million for di first 20 minutes. Anchorage Digital na di custodian under 1940 Act structure weh allocate at least 40% assets to non-US ETPs to sidestep di 19b-4 filing. Bloomberg analyst dem Eric Balchunas and James Seyffart talk sey SSK dey perform pass Solana and XRP futures ETFs, and dem get 95% chance sey US spot Solana ETF go get approval by year-end. Meanwhile, di whole crypto market see 9% increase for di meme coin market cap to close to $10 billion, wey Pengu (+61%), HOSICO (+54%) and MOODENG (+46%) lead, e drive more volatility and upward potential.
Bullish
Di strong débù wey Solana Staking ETF get, with $33M volume and $12M inflows, dey show say institutional demand for SOL dey grow. Di ETF regulatory structure and Bloomberg analysts high approval chance further support di positive sentiment. Join am wit di bigger meme coin rally, dis one dey push short-term trading activity and also dey help price for SOL increase long-term as investors dey expect US spot Solana ETF.