A new Crypto ETF that starts strong. Waiting ETF approval in Solana (soil)regulators of SEC (Securities and Exchange Commission) of the United States authorized the stock exchange of the REX-Osprey Solana Staking ETFor « SSK ». He ended his first day on the stock market on very good results, with Millions of dollars.
The key points of this article:
Rex-Osprey Solana Staking ETF was authorized by the SEC and experienced a spectacular start on the stock market, with millions of dollars. This fund bypassing the standard procedure thanks to its structure in accordance with the American law on investment companies of 1940, thus proposing a first in the United States with soil directly in stations.
An ETF Sol in Staking that grits priority to its competitors!
If the cryptosphere is impatiently awaiting the approval of a ETF cash on one new cryptoafter Those on Bitcoin (BTC) and Ethereum (ETH) were approved in 2024the Securities and Exchange Commission decided otherwise. Indeed, theETF Solana of REX-Osprey could be more easily and quickly on the stock market because it is structured following the American law on investment companies of 1940 (Investment Company Act), which allows it to bypass the standard (and very long) procedure for filing form 19B-4. A kind of GROUP which has also made it possible to offer soil and strike For this fund negotiated on the stock market. A first in the United States, since ETF Ethereum with Eth Stackés have not yet been authorized and listed.
A promising start for the rex-osprey Solana Staking Etf
With a Trading volume of $ 33 million From the first day of rating, the SSK fund exceeded expectations. According to a comment on x ofEric BalchunasExpert in ETF for Bloomberg, this volume » Eclipse ETF of term (future) contracts on Solana and XRP «, Although it remains below the Bitcoin and Ethereum ETF in cash when they are launched. The market analyst said that the start of this ETF Solara Spot diverted was » really powerful «, And that he was even» in the top 1 % of new launches For all the funds negotiated on the stock market launched in the United States. It must be said that this fund on Solana recorded in the end +$ 12 million in net entries at the end of his first day on the stock market.
James Seyffartalso Expert ETF from Bloomberg, described this start of » good start », Note that the fund had already reached $ 8 million in volume in the first 20 minutes negotiation. This success of Rex-Osprey Solana Staking Etf should favorably ETF Solana's requests in cash are still waiting for approval of the dry. And the same thing for ETHEREUM ETHE with ETH in stukingwhich have long hoped for the green light from US regulators. But is this a question of weeks or months? Only teams Paul Atkins know it.