The REX-Osprey Solana Staking ETF (SSK) has made waves in the cryptocurrency investment world by surpassing $100 million in assets under management (AUM) just 12 trading days after its launch on July 2. This achievement, as reported in a July 22 statement, highlights the growing investor interest in innovative crypto exposure through regulated investment vehicles.
Greg King, the founder of REX Shares, emphasized the rapid growth of SSK as a clear indication of the increasing demand for blockchain-native solutions in the market. He stated, “Crossing the $100 million mark in just over two weeks underscores the appetite for innovative, blockchain-native solutions.”
SSK is the first US-listed spot Solana ETF to offer on-chain staking rewards, providing investors with direct exposure to SOL’s market price and staking yield in a liquid and regulated ETF format. This eliminates technical barriers such as managing wallets or self-custody, making Solana more accessible to traditional investors.
The ETF has garnered significant interest from investors, with senior ETF analyst Eric Balchunas noting that SSK recorded an impressive $12 million in trading volume on its first day, indicating strong market demand.
The milestone achieved by the ETF coincides with a surge in Solana’s price, which recently surpassed $200 for the first time since January 2025. This rally pushed Solana’s market capitalization to $107 billion, solidifying its position as the fifth-largest digital asset by market cap.
On-chain activity on the Solana network continues to support the bullish momentum, with the total value locked in Solana-based DeFi protocols exceeding $10 billion. Additionally, over 350,000 new tokens have been deployed on the Solana network in the past week, marking a 9% increase.
Institutional investors are also taking notice of Solana, with Upexi disclosing a $20 million acquisition of 100,000 SOL and Defi Development Corp. announcing a separate $28 million purchase of 141,383 SOL on July 21. These investments reflect a growing confidence in Solana’s long-term potential among asset managers and institutional investors.
As Solana continues to gain traction in the cryptocurrency market, the success of the REX-Osprey Solana Staking ETF highlights the increasing demand for innovative investment opportunities in the blockchain space.