The REX-Osprey Solana + Staking ETF (SSK) outperformed XRP and Ethereum futures ETFs on its debut, ranking in the top 1% of launches.
The SSK ETF generated a trading volume of $33 million and saw net inflows of $12 million on its first day, indicating strong market entry.
Institutional interest in Solana grew with $167 million in Solana CME futures, signaling a preference for the Solana staking protocol over futures-based products.
The SSK ETF charges a 1.4% fee and invests in spot SOL, with risks including validator failures and network issues.