tldr; The REX-Osprey + Staking ETF (SSK), the first U.S. crypto staking ETF, debuted with $12 million in inflows and $33 million in trading volume on its first day. The ETF focuses on Solana, with 80% of its assets in direct Solana holdings, over half of which are staked to earn blockchain rewards, offering annual yields of 7%-7.3%. Structured as a C-corporation, it bypasses regulatory hurdles, with Anchorage Digital as custodian and staking provider. Its success may indicate growing institutional interest in spot Solana ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Vinnypaperhands on
A Solana etf hahahaha this totally will end well. Here lemme make a shitcoin real quick and then wall street can buy it up. Jk I can’t do that because I’m not a rich asshole VC
Luiaard_13 on
Record inflow on debut day. LOL.
RamoneBolivarSanchez on
It’s wild that Ethereum staking etfs are still being processed and Solana managed to ride coattails and leapfrog the queue
That said, Solana staking is pretty simple considering slashing isn’t a thing.
With fake staking, no actual coin utility, and larp security – it’s a lot easier to bypass regulations, especially as a c-corp filing
Supaflyray on
Solana prints about $12m worth of Solana each day. Should be interesting
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What is that? Inflows for ants.
tldr; The REX-Osprey + Staking ETF (SSK), the first U.S. crypto staking ETF, debuted with $12 million in inflows and $33 million in trading volume on its first day. The ETF focuses on Solana, with 80% of its assets in direct Solana holdings, over half of which are staked to earn blockchain rewards, offering annual yields of 7%-7.3%. Structured as a C-corporation, it bypasses regulatory hurdles, with Anchorage Digital as custodian and staking provider. Its success may indicate growing institutional interest in spot Solana ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
A Solana etf hahahaha this totally will end well. Here lemme make a shitcoin real quick and then wall street can buy it up. Jk I can’t do that because I’m not a rich asshole VC
Record inflow on debut day. LOL.
It’s wild that Ethereum staking etfs are still being processed and Solana managed to ride coattails and leapfrog the queue
That said, Solana staking is pretty simple considering slashing isn’t a thing.
With fake staking, no actual coin utility, and larp security – it’s a lot easier to bypass regulations, especially as a c-corp filing
Solana prints about $12m worth of Solana each day. Should be interesting