REX-Osprey Solana ETF Achieves $200M Milestone Amid Price Surge
- The REX-Osprey Solana staking ETF (SSK) surpassed $200 million in cumulative flows on Sept. 11.
- Initially, SSK faced adoption challenges, recording zero activity on four out of six trading days through Aug. 8.
- Institutional sentiment shifted positively in late August, with Galaxy Digital and others pursuing a $1 billion Solana treasury strategy.
- Solana exchange-traded products (ETPs) saw $177 million in inflows during the week of Aug. 25-29, marking significant institutional interest.
- As of Sept.12, Solana’s total value locked reached over $13 billion for the first time.
The SSK ETF operates outside standard SEC-registered frameworks and charges a management fee of up to Staking at an annual rate of 0.75%. This contrasts with lower fees seen in Bitcoin and Ethereum funds.
With SOL gaining approximately 20% this September and reaching a high of $241.84, the increased institutional flows reflect growing confidence in the asset class.(Source)
