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Solana’s First Staking ETF Outpaces XRP and ETH Futures in Opening Day Performance
CryptoSlate has obtained exclusive information indicating that Solana’s inaugural staking ETF, the REX-Osprey Solana Staking ETF (SSK), has made a remarkable start to its operation. In an impressive showing, the ETF managed to secure $33 million in trading volume on its debut day, ranking it within the top 1% of all ETF launches.
As reported by CryptoSlate, SSK’s performance far surpassed that of both XRP and ETH futures contracts, which failed to even come close to such a notable achievement. The incredible showing is seen as a testament to Solana’s institutional appeal, with institutional investors displaying an increasing appetite for staking and the potential for yield-based returns.
Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, has also confirmed that SSK’s performance ranks in the top 1% of all ETF launches. According to Mr. Balchunas’ statements, “Solana’s ETF debut is nothing short of impressive. Its $33 million trading volume on day one is exceptional, far outpacing XRP and ETH futures contracts.”
It is worth noting that while SSK’s performance stands out as a significant achievement, it is still early days for the fund. It remains to be seen how well it will continue to perform in the long term.
In conclusion, Solana’s first staking ETF has made an extraordinary start to its operation, solidifying its position within the market.
Source: cryptoslate.com
