The launch of the first Solana staking ETF (REX-Osprey) has attracted attention due to high trading volumes and increasing interest in CME futures.
Successful Launch of REX-Osprey Solana ETF
The first Solana staking ETF launched by REX-Osprey wrapped up its debut trading session with around $33 million in trading volumes. Approximately $8 million was registered in the first 20 minutes of trading, marking a significant start for the new ETF. Bloomberg ETF analyst James Seyffart noted that the debut performance of the fund was successful.
Record Demand for CME Solana Futures
Following the launch of the REX-Osprey ETF, CME futures for Solana saw record demand, indicating rising institutional interest. According to SolanaFloor, open interest for CME futures on Solana hit $167 million. This reflects a substantial increase in interest from investors.
Market Reaction to the Launch of First Solana ETF
The launch of the first Solana ETF received a positive market reaction, with the price of Solana increasing by more than 4% in the last 24 hours. According to CoinMarketCap, SOL traded at $155.43, with its weekly gain now exceeding 7%. Nevertheless, the price remains over 47% below its all-time high of $294.33, set on January 19.
The launch of the first Solana staking ETF has garnered a positive response in the market, drawing attention to the asset and increasing interest from institutional investors.
