Solana ETF skyrockets to $100 million AUM in just 12 days

The REX-Osprey Solana Staking ETF (SSK) has crossed $100 cardinal successful assets nether absorption (AUM), conscionable 12 trading days aft its July 2 launch, according to a July 22 statement.

Greg King, laminitis of REX Shares, highlighted the velocity of this maturation arsenic a testament to rising capitalist appetite for innovative crypto vulnerability done regulated concern vehicles.

According to him:

“Crossing the $100 cardinal people successful conscionable implicit 2 weeks underscores the appetite for innovative, blockchain-native solutions.”

SSK is the archetypal US-listed spot Solana ETF to incorporated on-chain staking rewards. This gives investors nonstop vulnerability to SOL’s marketplace terms and staking output wrong a liquid, regulated ETF format.

The merchandise removes method barriers specified arsenic managing wallets oregon self-custody, making Solana much accessible to accepted investors.

Due to this, the ETF gathered important involvement from investors successful the market. Notably, Eric Balchunas, a elder ETF expert astatine Bloomberg, pointed retired that SSK recorded an awesome $12 cardinal successful trading measurement connected its archetypal day, an aboriginal motion of strong marketplace demand.

SOL’s rising value

The ETF milestone coincides with a renewed surge successful Solana’s price, which climbed supra $200 for the archetypal clip since January 2025.

According to CryptoSlate’s data, this rally pushed Solana’s marketplace capitalization to $107 billion, securing its spot arsenic the fifth-largest integer plus by marketplace cap.

On-chain enactment continues to enactment the bullish momentum. DeFiLlama information shows that the full worth locked successful Solana-based DeFi protocols has surpassed $10 billion. Meanwhile, implicit the past week, much than 350,000 caller tokens person been deployed connected the Solana network, marking a 9% increase.

Moreover, organization investors are besides showing heightened involvement successful the crypto asset.

On July 21, Upexi disclosed a $20 cardinal acquisition of 100,000 SOL, portion Defi Development Corp. announced a abstracted $28 cardinal acquisition of 141,383 SOL.

These moves awesome assurance successful Solana’s semipermanent imaginable among salient plus managers and organization investors.

The station Solana ETF skyrockets to $100 cardinal AUM successful conscionable 12 days appeared archetypal connected CryptoSlate.