Solana (SOL) ETF, staking Rex Osprey Solstake (SSK), in its Chicago Options (CBOE), recorded a trade volume of $33 million.
The launch, which took place yesterday, July 2nd, attracted investors’ attention for its proposal, combining exposure to cryptocurrency prices. Additional revenue from Solana Native Staking Mechanism.
The volume achieved by SSK has significantly exceeded the volume of other similar funds. According to Eric Balchunas, Bloomberg Intelligence ETF Analyst, the fund generated $20 million flows early, falling “within 1% for a new release.”
In comparison, the futures volatility ETF registered a $1 million volume when Solana ETF (Solz) debuted. The results were considered positive, but are well below SSKhe explained.
Additionally, from an initial size perspective, it sits above the SSK on the $25 million seed assets.
Despite these results, SSK performance did not reach the Bitcoin Cash (BTC) and Ethher (ETH) record volumes that began in 2024.
However, SSK managed to overcome the ETFs of Futuros de Solana and XRP, consolidating its status as a prominent launch in that category.
The fund is reported as the first in the US by Cryptootics, allowing investors to benefit from both the price fluctuations in Solana and the yields generated by staking.
