Solana Staking ETF Sees Strong Inflow on First Trading Day

According to Odaily, the Rex-Osprey Solana+Staking ETF (SSK), the first staking-based Solana exchange-traded fund listed in the United States, attracted approximately $12 million in inflows on its debut trading day at the Cboe BZX Exchange. A spokesperson from REX Shares and Osprey Funds revealed that the ETF aims to provide returns to investors by staking at least half of its assets. Earlier reports indicated that the ETF's first-day trading volume reached $33 million, outperforming Solana futures ETFs, XRP futures ETFs, and the average performance of standard ETFs. Despite this promising start, Bitwise's senior investment strategist Juan Leon noted that institutional interest in Solana's investment potential remains in its early stages.