REX-Osprey’s Solana ETF Explodes with $12M Inflows on Day One—Is Snorter Token the Next Rocket?
Wall Street’s crypto flirtation hits overdrive as REX-Osprey’s Solana ETF gobbles $12 million in its debut—proof that even traditional finance can’t resist a little blockchain hopium.
Meanwhile, the Snorter Token presale lurks in the wings, teasing the kind of retail frenzy that turns 'sensible investing' into a meme. Will it be the next hot potato—or just another vaporware promise?
Funny how a 3-letter acronym (ETF) suddenly makes crypto palatable to suits who still think 'DeFi' is a typo. The revolution will be institutionalized—with fees, of course.
The first-ever solana ($SOL) ETF with staking in the US is off to a healthy start with $12M inflows and $33M trading volume on its first trading day.
This renewed attention to Solana—the so-called home of meme coins—should also put other projects on the blockchain, like Snorter Token ($SNORT), in the spotlight.
A Good Trading Day for SSK, $SOL
The REX-Osprey $SOL + Staking ETF (known as SSK) first traded at the Cboe BZX Exchange yesterday with a NAV of $24.94. It’s currently trading around $26.50.
SSK provides investors direct exposure to Solana ($SOL), currently one of the largest cryptocurrencies in the market, with a market cap of $82B. It also lets investors stake with a 7.3% reward rate at present.
As an ETF, most of SSK’s assets will be staked directly in $SOL, while 40% will be invested in other exchange-traded products that also stake the crypto, with the rest going to liquid staking tokens.
It’s been a whirlwind journey for REX-Osprey, which had sent a proposal to the SEC earlier in May. This week, the SEC finally gave its nod of approval.
Nine other applications for a $SOL ETF are being reviewed by the SEC. Further approvals should be a boon to $SOL and its native blockchain in the foreseeable future.
While the cryptocurrency is miles away from its $294.33 ATH in January, it’s been in recovery mode over the past seven days.
According to CoinMarketCap, $SOL has been up by 7.74% during the past week and by 3.68% in the last 24 hours.
SSK & Other $SOL ETFs, a Major Boost for Snorter Token ($SNORT)
$SOL’s blockchain is widely considered the home of meme coins largely due to its speed and low fees. But with the influx of these Solana meme tokens, it can be difficult to find the most promising ones before they hit the mainstream.
Snorter Bot is a crypto project that aims to solve that. This Telegram-native crypto trading bot, powered by the Snorter Token ($SNORT), lets you do practically everything crypto-trading within the popular messaging app.
Its main purpose, though, is sniping the newest tokens on Solana (plus several EVM-compatible chains), with sub-second swaps and 0.85% fees to boot. You can now automate your sniping so you can be ahead of the curve against bots and whales.
You no longer have to switch from platform to platform and website to website to do your research, buy coins, copy trades, or manage your portfolio, either. You can do all these in Snorter Bot.
Since the race to find the next big coin is rife with risks, Snorter Bot can also help you sniff out rugpulls and honeypots with its live blacklist scans, mint trap detection, and freeze alerts.
Holding its native $SNORT token can help you get even more out of the bot, like unlimited snipes, governance rights, and a hefty discount on transaction fees.
To get $SNORT, visit the official Snorter Token presale page. Then, connect your crypto wallet like Best Wallet to the presale widget and enter the number of tokens to buy. You can pay with fiat, $SOL, $ETH, $BNB, $USDT, or $USDC.
Upon buying $SNORT, you can stake your tokens to earn additional APY rewards, which are currently set at 233%.
Each token costs $0.0973, but there’s another price increase coming in less than four days, so it’s better to act fast. The presale is also going to end in Q4 2025.
To date, Snorter’s presale has already raised over $1.5M. We expect buying activity to heat up further with increased interest in Solana, a growing number of $SOL ETFs, and more investors and blockchain devs turning to the Solana network.
More $SOL Activity Expected
With SSK’s first day of trading done and dusted and a new one just a few hours away, we expect more flurry of activity as the ETF gains more attention from investors.
Snorter Token ($SNORT), whose own presale is also off to a great start, should also become extra attractive to traders wanting to gain an advantage in the meme coin market.
But before you invest in crypto, be sure to do your own research first. This is not investment advice.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
