REX-Osprey Solana ETF Debuts With $33 Million Volume, Solana Gains 4%

Generated by AI AgentCoin World
Thursday, Jul 3, 2025 3:21 am ET1min read
ETH
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SOL
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The REX-Osprey

Solana
ETF, the first of its kind to offer staking rewards, made a strong debut in the market. The ETF closed its first trading session with approximately $33 million in trading volume and $12 million in inflows. This significant start attracted considerable attention and triggered a surge in demand for Solana (SOL) CME futures, indicating a growing institutional interest in the cryptocurrency.

Analysts noted that the ETF's performance on its first day was impressive, with around $8 million in trading within the first 20 minutes. This placed the ETF in the top 1% of new launches, according to industry experts. The ETF's debut volumes were notably higher than those of other futures ETFs for SOL and XRP, although they were still lower than the volumes recorded by spot Bitcoin (BTC) and

Ethereum
(ETH) ETFs during their initial trading days.

The launch of the REX-Osprey Solana ETF coincided with a record demand for SOL CME futures. Open interest for these futures hit $167 million, a clear indication of the rising institutional interest in Solana. This surge in demand for futures contracts suggests that institutional investors are increasingly looking to gain exposure to Solana through regulated financial instruments.

The positive market reaction to the ETF's launch was evident in the price movement of Solana. The cryptocurrency registered a more than 4% gain in the past 24 hours, bringing its weekly gain to over 7%. As of the latest update, Solana was trading at $155.43. Despite this recent increase, the price of Solana remains down over 47% from its all-time high of $294.33, which was reached on January 19.

The successful launch of the REX-Osprey Solana ETF and the subsequent surge in demand for SOL CME futures highlight the growing acceptance and interest in Solana within the institutional investment community. This development is likely to further bolster the cryptocurrency's position in the market and attract more investors looking to capitalize on its staking rewards and potential for growth.