The first-ever Solana staking ETF in the United States had successfully debuted. It is called the REX- Osprey Solana Staking ETF, and it trades under the ticker SSK on the Cboe BZX Exchange. On its very 1st day, the ETF attracted $12 million in investment and recorded a trading volume of $33 million.
The massive traction by Solana staking ETF reflects a strong interest from investors. This ETF is termed as a special kind of ETF as it enables investors to invest in Solana while also earning staking rewards.
In simple words, it combines the benefits of holding Solana with extra income that comes from staking. It is the 1st ETF in the United States that provides both direct exposure to Solana prices and staking yield, making it a unique option for investors who aim to earn passive income.
Eric Balchunas, an ETF analyst at Bloomberg, said the trading volume of the Rex-Osprey Solana Staking ETF on its first day was higher than the launch volume of earlier Solana and XRP futures ETFs. This demonstrates growing interest of investors in Solana and staking-based crypto products.
However, SSK’s debut wasn’t as big as the spot Bitcoin and Ethereum ETFs, which launched in 2024; those ETFs saw a massive $4.6 billion in trading volume on their first day, making them some of the most successful launches in the history of the United States.
Yet, this Solana ETF wasn’t that close to the Bitcoin and Ethereum ETF, still its start is still seen as a strong start still marking a significant milestone for Solana and staking-focused ETFs.
An overview of Solana prices
According to the data from CoinMarketCap, Solana is currently trading at $155.57 with an intraday increase of 3.97%, and has added 6.82% to its price in a week.
The market capitalization is $83.19 billion, with a surge of 3.97% and the trading volume is $4.11 billion, with an addition of 28.21%. On January 19 this year, Solana marked its all-time high of $294.33.
In the past 30 days, Solana traded highest $1,68.02 and its lowest traded price was $126.83; as per TradingView, currently, SOL is trading above its 20, 50, 100, and 200-day exponential moving averages.
In the YTD frame, Solana has experienced notable volatility reflecting broader market sentiment. Starting from January, SOL surged above $200 before entering a prolonged downtrend, bottoming out around mid-April.
Since then, it has shown signs of recovery, gradually climbing back and now trading near $155. Recent momentum suggests growing investor interest, especially following the launch of SSK in the US.
Technical indicators suggest Solana hovering close to the key moving average, with the 200-day EMI acting as resistance near $159. A breakout above this level may confirm Bull is a continuation, especially if supported by volume.
