Solana ETF SSK Attracts $12 Million Inflows on First Day

Generated by AI AgentCoin World
Saturday, Jul 5, 2025 12:08 pm ET1min read
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The first Solana-based ETF with staking capabilities, the REX-Osprey

Solana
Staking ETF (SSK), has launched in the United States. On its first day of trading on the CBOE BZX exchange, SSK attracted $12 million in inflows. The fund offers investors direct exposure to spot Solana as well as access to staking yields.

Bloomberg ETF analyst James Seyffarth described the trading debut as “healthy,” noting that $8 million in volume was recorded within the first 20 minutes. The fund is structured under the Investment Company Act of 1940, which allows it to bypass the standard Form 19b-4 filing process typically required for spot ETFs. Nate Geraci, President of NovaDius Wealth Management, described this approach as a “regulatory workaround.”

Anchorage Digital serves as both the staking and custody partner for SSK. The launch of SSK coincided with a surge in institutional interest in Solana. Open interest in Solana futures on the CME reached a record $167 million, signaling increased attention from institutional investors.

Meanwhile, spot

Bitcoin
ETFs in the US have returned to positive capital inflows. Over the course of two days, investors poured more than $1 billion into these funds, offsetting a previous outflow of $342.2 million. On July 2, net inflows totaled $407.8 million, followed by $601.8 million the next day. Fidelity’s FBTC fund led the way, attracting $184 million and $237.1 million on those respective days. BlackRock’s IBIT fund also saw strong interest, raising $224.5 million on July 3 after two days of zero flows.

According to the analyst's forecast, the launch of SSK significantly outperformed the initial trading of Solana and XRP futures ETFs, although it was surpassed by the debut of spot Bitcoin and

Ethereum
funds. This indicates a growing interest in Solana among investors, particularly those seeking exposure to staking yields. The regulatory structure of SSK, which allows it to bypass the standard filing process, may also contribute to its appeal, as it provides a more streamlined path to market for investors.