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🟣 REX-Osprey Solana ETF crosses $200M milestone as $SOL hits seven-month high The REX-Osprey Solana staking ETF (SSK) surpassed $200 million in cumulative flows for the first time on Sept. 11, amid Solana’s (SOL) strong price action. Trading under ticker SSK, the fund struggled with adoption during its initial months, recording zero activity on four of six trading days through Aug. 8, according to Farside Investors data. The pattern reflected broader institutional hesitation toward Solana-focused investment products compared to Bitcoin and Ethereum alternatives. Analysts attributed the slow start to structural complexity rather than demand deficiencies. Additionally, the fund operates outside standard SEC-registered spot ETF frameworks, incorporating staking mechanisms and offshore ETF allocations that differentiate it from traditional cryptocurrency products. At 0.75% annually, SSK’s management fee positions at the higher end of crypto ETF expense ratios compared to major Bitcoin and Ethereum funds charging 0.15% to 0.25%. 🔸 Shifting tides However, institutional sentiment shifted in late August, following announcements about corporate Solana treasury strategies. Galaxy Digital, Multicoin Capital, and Jump Crypto announced they were pursuing $1 billion to assemble a Solana treasury through a public company vehicle, with Cantor Fitzgerald serving as lead banker. The companies committed cash and stablecoins to Forward Industries, which closed a $1.65 billion private placement on Sept. 11. In addition, SOL Strategies secured Nasdaq approval to begin trading on Sept. 9 as a Solana-first investment vehicle. 🔸 Institutional flows Institutional flows reflected the momentum shift. Solana exchange-traded products (ETPs) registered $177 million in inflows during the week of Aug. 25-29, representing the largest altcoin flow excluding Ethereum. The first week of the month saw Solana products dominate altcoin flows with $16.1 million, while Ethereum ETPs experienced $912.4 million in outflows. #SOL #Solana

$XRP price prediction scenarios intensify as the REX-Osprey Spot XRP ETF officially launched on September 12, marking the first-ever spot XRP exchange-traded fund available in the United States. Meanwhile, Tokyo-listed gaming company Gumi approved a strategic $17 million XRP acquisition, planning to purchase 6 million tokens through February 2026. Technical analysis reveals XRP testing key resistance at $3.00 after breaking from long-term descending wedge patterns, with multiple projections targeting $3.30-$3.70 range. Historic ETF Approval Signals Regulatory Acceptance The REX-Osprey Spot XRP ETF cleared the SEC’s review process, becoming the first regulated fund offering direct XRP exposure to U.S. investors. The product holds actual XRP tokens in custody rather than derivatives, providing direct price correlation for institutional and retail participants. The ETF structure eliminates custody concerns while meeting regulatory compliance requirements that previously prevented institutional adoption. Franklin Templeton’s competing XRP ETF application faces an extended review until November 14. The SEC postponed its original September 15 deadline, requesting additional time to evaluate the proposal. Multiple other ETF applications remain under review, including proposals from BlackRock and Fidelity. The industry anticipates additional decisions before the end of the year. Gumi’s board approved a strategic 2.5 billion yen ($17 million) XRP purchase, targeting 6 million tokens through phased acquisition between September 2025 and February 2026. Descending Wedge Breakout Targets $3.30 Resistance XRP’s weekly chart positions the token at $3.00, testing critical resistance from a long-term descending wedge pattern containing price action since 2021 highs around $3.80. The pattern typically indicates bullish reversal potential following extended consolidation periods. Recent weekly candles, shared by Ali Chart, show increasing volume during advance phases, with sustained buying pressure over two consecutive weeks. Multi-Timeframe Analysis Points to $3.70 Targets Going even further, the 6-hour timeframe shows complex Technical Confluence Theory models across multiple periods, positioning XRP at $3.00 during what analysts describe as an “optimal price behavior” setup. Multi-timeframe accumulation schematics suggest distribution models creating third tap scenarios. Current positioning near pattern resistance creates a high-probability setup for breakout or rejection scenarios. Immediate challenges involve achieving decisive breaks above $3.05-$3.10 resistance with sufficient volume validation. Success triggers momentum-based buying toward projected $3.30-$3.60 targets, while failure could retest $2.70-$2.80 support zones. The institutional adoption catalysts provide fundamental support for bullish scenarios, though timing and magnitude may require measured expectations rather than explosive short-term moves. Gradual advancement through resistance levels appears more probable than violent upside acceleration.

🔥 UPDATE: REX Shares’ $SOL staking ETF $SSK hits new ATH with $251M in AUM, per Solanafloor.

$XRP ETF LAUNCHING TODAY The REX-Osprey Spot $XRP ETF, launching September 12, is being described as the first spot $XRP ETF in the U.S. under a 1940-Act structure The SEC completed its 75-day review of the REX-Osprey proposal without objections, marking it as ready for launch

Dogecoin broke above $0.25 for the first time in a month after Bloomberg’s Eric Balchunas confirmed the DOJE ETF will begin trading Friday. Futures open interest hit $4.5B as traders piled in ahead of the debut, while technicals point to a potential run toward $0.39. Dogecoin price rose 5% on Thursday, cleanly breaching the $0.25 level for the first time in nearly a month. The main bullish catalyst was the imminent Dogecoin ETF nearing approval after months of pushback and a long-running review process by the US Securities and Exchange Commission (SEC). On Thursday, Bloomberg Chief ETF Analyst Eric Balchunas confirmed that a Dogecoin ETF filing by Rex Osprey under the ticker DOJE is now set to resume trading on Friday, after a 24-hour delay. Dogecoin’s 5% price gains on Thursday suggest traders are positioning themselves ahead of the ETF debut. First, ETF launches historically attract persistent inflows from institutional investors, enhancing market depth and liquidity. Second, retail sentiment is also likely to spike considerably as corporate involvement gives credibility to memecoins like DOGE. Consequently, the $DOGE 5% spot price upswing was not the only eye-catching market reaction to the news. In the derivatives markets, Dogecoin traders were spotted mounting leveraged positions to front-run the landmark ETF launch. Affirming this narrative, Coinglass data show that open interest rose 6.9% in the last 24 hours, hitting $4.5 billion and outpacing the spot price uptick, while futures trading volume also increased by 22.7%. Dogecoin Price Forecast: Can $DOGE Extend Toward $0.39? From a technical perspective, Dogecoin’s price breakout above $0.25 signals the completion of a double-bottom reversal pattern that has been forming since April. The neckline of this pattern sits near $0.28, with a measured move target projecting a long-term rally toward $0.39. Momentum indicators also support this bullish outlook. As seen below, the daily Relative Strength Index (RSI) has climbed to 63.1, mildly overheating but leaving room for further upside. Meanwhile, $DOGE remains comfortably above its short-term moving averages, with the 5-day SMA at $0.241 and the 13-day SMA at $0.231, both acting as support. If buying pressure sustains above $0.25 and breaks the neckline at $0.28, Dogecoin could accelerate toward the $0.30 to $0.32 range in the near term. A clean breakout would open the door to the $0.39 target highlighted by the double-bottom formation. However, failure to hold $0.24 support could invalidate the upside momentum and raise the risk of a possible retracement toward $0.22.