Solana Staking ETF $SSK Smashes $40M AUM—Leaving Competitors in the Dust

Solana's staking ETF just flexed its muscles—$SSK rockets past $40M in assets under management while rivals scramble to keep up.

How’s that for a proof-of-stake power move?

The fund’s blistering growth highlights institutional appetite for yield in a market where traditional finance still can’t decide if crypto is ‘fraud’ or ‘the future.’ Spoiler: hedge funds want both.

With Solana’s ecosystem firing on all cylinders—and Wall Street’s FOMO in overdrive—$SSK’s dominance looks set to grow. Unless, of course, the SEC suddenly remembers it hates innovation.

Launched under the name REX-Osprey Solana + Staking ETF ($SSK), the fund made headlines for being the first U.S.-listed Sol ETF that holds and stakes real Solana (SOL) tokens. Unlike traditional crypto ETFs that just track price, $SSK offers staking rewards, which are currently around 7.3% annually, and pays them out monthly to investors.

On its opening day (July 3), the ETF saw a strong debut with $33 million in trading volume, though it started with just $1 million in assets under management (AUM). Experts like Bloomberg’s Eric Balchunas had predicted it could hit $10 million in AUM by Day 2, a target it quickly surpassed.

Now, $SSK has even outperformed rival Solana ETF $SOLZ, and is catching up to $SOLT, a 2x Leveraged version. Together, the three Solana-focused ETFs have pulled in about $80 million over the past month, doubling their combined assets.

While still small compared to Bitcoin or ethereum ETFs, the strong inflows and rising interest show that investors are excited about crypto products that offer both growth and yield. As Balchunas summed up, “a lot of green numbers = good.”

Also Read: SEC Speeds Up Solana ETF Review Before October Deadline