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$21M Flows Into First US Solana ETF as Snorter Token Approaches $1.7M Milestone

  • The first US-listed spot Solana ETF, Rex-Osprey Solana + Staking ETF (SSK), saw $21M in net inflows, bringing its total inflows to $41.2M within four days of launching, boosting Solana's visibility and credibility.
  • Despite the positive inflows, SSK's $41.2M still represents only 0.5% of Solana's market cap, lagging behind Bitcoin and Ethereum ETFs in terms of penetration rates.
  • The growing institutional interest in Solana is evident with the doubling of SSK's assets, highlighting the potential impact of pending Solana ETF approvals from major institutions like Franklin Templeton, VanEck, and Grayscale.
  • The Snorter Token ($SNORT) project, as a backbone for a novel Telegram trading bot, is attracting significant capital and aims to provide a secure and efficient trading experience with features like real-time honeypot detection and rug pull alerts.

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