Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Solana’s first staking ETF outpaces XRP and ETH futures in opening day performance

Solana’s first staking ETF outpaces XRP and ETH futures in opening day performance

2025/07/03 02:09
By:

Solana’s institutional appeal has surged, with data showing significant growth in both its staking Exchange-Traded Fund (ETF) and Solana CME futures markets.

The impressive performance translated into a 5% rise in SOL’s value in the last 24 hours to $155 as of press time, according to CryptoSlate’s data.

The REX-Osprey Solana Staking ETF, known as SSK, achieved an impressive debut on June 2, drawing $12 million in inflows and generating $33 million in trading volume.

Solana ETF

Bloomberg’s ETF analyst Eric Balchunas highlighted that SSK’s first-day performance ranked in the top 1% for new ETF launches.

Balchunas noted that the SSK’s $33 million trading volume on its opening day was exceptional, far outpacing the Solana and XRP futures ETFs. While the volume was much lower than Bitcoin and Ether ETFs, the result still indicates a robust investor interest in Solana.

Solana’s first staking ETF outpaces XRP and ETH futures in opening day performance image 0 Solana Staking ETF Day 1 Performance (Source: X/Balchunas)

The analyst speculated that if the fund maintains its strong momentum, it could reach $10 million in assets under management by close of play today.

As the first spot Solana ETF and the first staking ETF in the US, SSK offers a unique opportunity for investors to gain exposure to Solana while benefiting from staking yields. The fund aims to stake at least half of its assets to provide consistent yields to investors.

However, SSK differs from the Bitcoin ETFs managed by BlackRock and others. SSK uses an Investment Company Act of 1940 structure, keeping more than 40 % of assets in foreign SOL ETPs to satisfy diversification rules. That makes it slightly different from the 33-Act spot Bitcoin/Ethereum ETFs, but the economic exposure is similar.

VanEck, 21Shares, and others are still awaiting SEC approval on ‘true’ spot Solana ETFs, with analysts giving ~95 % odds they will clear by year-end.

Solana CME futures

Meanwhile, the demand for Solana exposure is also evident in the performance of Solana CME futures.

According to Coinglass data, open interest in these futures surged 13%, reaching an all-time high of $167 million. This marks a significant increase in institutional interest since Solana futures were first listed on the CME platform in March.

Solana’s first staking ETF outpaces XRP and ETH futures in opening day performance image 1 Solana CME Futures Chart (Source: Coinglass)

The CME offers two types of Solana futures contracts, including the standard contracts (representing 500 SOL) and retail-friendly “micro” contracts (representing 25 SOL).

These contracts are settled in cash rather than physical Solana, offering institutions a regulated method for gaining Solana exposure.

The spike in open interest illustrates the rising institutional appetite for Solana-related financial products. However, this increased liquidity also brings the potential for greater volatility, as leveraged positions can lead to sharp price movements.

The combination of a successful ETF launch and strong futures market activity is a clear signal of Solana’s growing institutional traction.

The post Solana’s first staking ETF outpaces XRP and ETH futures in opening day performance appeared first on CryptoSlate.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!