SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch
The post SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch appeared on BitcoinEthereumNews.com. Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. The newly launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) listed in the U.S., ended the day with $33 million in volume, with Bloomberg ETF analyst Eric Balchunas calling the launch better than the average ETF listing. $SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc — Eric Balchunas (@EricBalchunas) July 2, 2025 The ETF offers investors indirect access to Solana while earning staking rewards without needing technical expertise. While the volume was much lower than the launch of BTC and ETH ETFs, Balchunas noted that the trading volume was much stronger than recent Solana futures ETF listings or XRP futures ETFs launches. SOL is trading above $150 on the news, up roughly 4%, according to CoinDesk market data. In late May, the Securities and Exchange Commission ruled that crypto staking does not violate securities laws, paving the way for issuers to offer such staking products. There’s no ETH staking ETF currently offered in the U.S., although 3iQ offers one on the Toronto Stock Exchange. Hong Kong’s market regulator, the Securities and Futures Commission, released staking rules in April, and local issuers offer ETH staking ETFs on the city’s stock exchange. (CoinDesk) BlackRock’s Bitcoin ETF Now Out-Earns Its Flagship S&P 500 Fund BlackRock’s iShares Bitcoin ETF (IBIT) is now generating more annual revenue than its flagship iShares Core S&P 500 ETF (IVV), according…
The post SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch appeared on BitcoinEthereumNews.com.
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. The newly launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) listed in the U.S., ended the day with $33 million in volume, with Bloomberg ETF analyst Eric Balchunas calling the launch better than the average ETF listing. $SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc — Eric Balchunas (@EricBalchunas) July 2, 2025 The ETF offers investors indirect access to Solana while earning staking rewards without needing technical expertise. While the volume was much lower than the launch of BTC and ETH ETFs, Balchunas noted that the trading volume was much stronger than recent Solana futures ETF listings or XRP futures ETFs launches. SOL is trading above $150 on the news, up roughly 4%, according to CoinDesk market data. In late May, the Securities and Exchange Commission ruled that crypto staking does not violate securities laws, paving the way for issuers to offer such staking products. There’s no ETH staking ETF currently offered in the U.S., although 3iQ offers one on the Toronto Stock Exchange. Hong Kong’s market regulator, the Securities and Futures Commission, released staking rules in April, and local issuers offer ETH staking ETFs on the city’s stock exchange. (CoinDesk) BlackRock’s Bitcoin ETF Now Out-Earns Its Flagship S&P 500 Fund BlackRock’s iShares Bitcoin ETF (IBIT) is now generating more annual revenue than its flagship iShares Core S&P 500 ETF (IVV), according…
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