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Solana ETF Skyrockets to $100 Million AUM in Just 12 Days
In a remarkable feat, the REX-Osprey Solana Staking ETF (SSK) has surged past the $100 million mark in assets under management (AUM) in an astonishingly short period of just 12 trading days. This meteoric rise underscores the insatiable investor appetite for innovative, blockchain-native solutions.
The record-breaking pace at which SSK reached this milestone highlights the growing demand for Solana-based investment products. Notably, the ETF’s on-chain staking rewards have eliminated technical barriers, allowing traditional investors to effortlessly access and participate in the Solana ecosystem. This development has undoubtedly fueled significant interest from institutional investors seeking exposure to the cryptocurrency market.
As reported by CryptoSlate, this remarkable growth coincides with a renewed surge in Solana’s price, which has eclipsed $200 for the first time since January 2025. The digital asset’s market capitalization has subsequently soared to $107 billion, firmly solidifying its position as the fifth-largest cryptocurrency by market capitalization.
The exponential expansion of the Solana ETF also mirrors a remarkable increase in on-chain activity. DeFiLlama data reveals that the total value locked in Solana-based decentralized finance protocols has now surpassed $10 billion. Additionally, over 350,000 new tokens have been deployed on the Solana network within the past week, representing a staggering 9% growth.
Moreover, prominent institutional investors are demonstrating heightened interest in Solana’s long-term potential. Notable acquisitions include Upexi’s $20 million purchase of 100,000 SOL and Defi Development Corp.’s separate $28 million acquisition of 141,383 SOL. These transactions signal the confidence that major asset managers and institutional investors have in Solana’s enduring value.
The success of this ETF can be attributed to its unique on-chain staking rewards, which removes technical barriers for traditional investors.
Source: cryptoslate.com
