The launch of the Solana Staking ETF SSK has been a notable event in the cryptocurrency market, bringing significant volumes and positive changes in the price of Solana.
First Days of Solana Staking ETF
According to sources, the Solana Staking ETF SSK, launched on Cboe BZX on July 2, attracted $33 million in volume and $12 million in net inflows on its first day, setting a record for Solana and XRP-related ETFs.
ETF Structure and Fees
The Solana staking ETF comprises about 80% SOL tokens, with over half actively staked through institutional validators like Galaxy and Figment. Security and staking operations are managed by Anchorage Digital. The fee structure is an annual 1.4%, which includes 0.75% for management and 0.65% for tax complexity.
Price Analysis and Forecasts
Solana has seen a significant price increase, closing at $152.17 on July 3, a 3.6% rise from the previous day. It is expected that SOL will hold support above $147 and may reach the range of $155–$160.
The launch of the Solana Staking ETF represents a significant milestone for cryptocurrency investments, providing direct exposure to SOL assets and allowing investors to earn staking income.
