In response to a July twenty second assertion, the Rex-Soprey Solana Staking ETF (SSK) exceeded its $100 million working property (AUM) simply 12 days after its launch on July 2nd.

Rex Shares founder Greg King highlighted this pace of development as proof of buyers’ need for revolutionary crypto publicity by means of regulated funding automobiles.

In response to him:

“Over $100 million in simply two weeks, it highlights its urge for food for revolutionary blockchain native options.”

SSK is the primary US registered Solana ETF to include on-chain staking rewards. This may straight expose buyers to Sol’s market worth, leading to pile yields throughout the liquid regulated ETF format.

This product removes technical limitations comparable to wallets and self-reliance administration, making Solana extra accessible to conventional buyers.

Because of this, ETFs have attracted numerous curiosity from buyers available in the market. Particularly, Bloomberg senior ETF analyst Eric Baltunas famous that SSK recorded a buying and selling quantity of $12 million on the primary day, recording early indicators of robust market demand.

Improve in Sol’s worth

The ETF milestone coincides with a brand new surge in Solana’s costs, exceeding $200 for the primary time since January 2025.

In response to Encryption Knowledge, the rally boosted Solana’s market capitalization to $107 billion, securing its place because the fifth largest digital asset by market capitalization.

On-chain actions proceed to assist bullish momentum. Defillama’s information exhibits that the overall worth locked below the Solana-based Defi protocol is over $10 billion. In the meantime, over 350,000 new tokens have been deployed within the Solana community over the previous week, exhibiting a 9% enhance.

Moreover, institutional buyers have additionally proven rising curiosity in crypto property.

On July 21, Upexi disclosed a $20 million acquisition of 100,000 Sol, and Defi Improvement Corp. introduced one other $28 million buy of 141,383 Sol.

These strikes reveal confidence in Solana’s long-term potential amongst outstanding asset managers and institutional buyers.

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