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Solana Staking ETF Launch Sees Strong Start, Signals Institutional Interest

  • The first U.S.-listed staking-enabled ETF, under ticker SSK, launched on the Cboe BZX exchange, attracting institutional interest in Solana.
  • Regulatory challenges led to a restructuring of the fund model to comply with the Investment Company Act of 1940, boosting anticipation for more crypto ETFs beyond Bitcoin and Ether.
  • Despite the ETF launch, Solana's price had minimal immediate response, while open interest in CME Solana futures hit a new high, indicating growing institutional appetite.
  • Analysts estimate a high likelihood of spot Solana, XRP, and Litecoin ETF approvals before the end of 2025, signaling a trend towards expanded crypto investment products.

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