Solana Staking ETF Makes Historic Debut with $12M Inflows, Fueling Price Surge

In a landmark event for cryptocurrency financialization, REX-Osprey's Solana Staking ETF (SSK) has debuted with record-breaking $12 million in initial inflows and $33 million in trading volume on the Cboe BZX Exchange. This first US-approved staking ETF has outperformed recent Solana and XRP futures ETF launches, though it still trails behind Bitcoin and Ethereum products. Following the announcement, Solana's price surged by 4%, breaking through the $150 mark. This development underscores growing institutional interest in Solana and its staking potential, signaling a bullish outlook for the cryptocurrency's future.

Solana Staking ETF Debuts with Record $12M Inflows, Outperforms Competing Crypto Funds

REX-Osprey's Solana Staking ETF (SSK) marked a watershed moment for crypto financialization, securing $12 million in initial inflows and $33 million in trading volume on its Cboe BZX Exchange debut. The first US-approved staking ETF outperformed recent Solana and XRP futures ETF launches, though trailed Bitcoin and ethereum products.

Solana's price rallied 4% to breach $150 following the announcement, reflecting market Optimism around regulated staking exposure. Bloomberg's Eric Balchunas noted SSK's volume placed it in the top 1% of ETF launches, with $8 million traded within the first 20 minutes alone.

The fund's structure under the 1940 Investment Company Act circumvented SEC concerns, setting a precedent for yield-bearing crypto products. Its success signals growing institutional demand for altcoin exposure beyond Bitcoin and Ethereum.

Solana (SOL) Price Jumps 4.6% as First Staking ETF Debuts with $33.6M Volume

Solana's ecosystem reached a pivotal milestone with the launch of the REX-Osprey solana + Staking ETF (SSK) on the Cboe BZX Exchange. The fund attracted $33.6 million in first-day trading volume, propelling SOL prices 4.6% higher to trade above $153.

Institutional interest surged simultaneously, with CME Solana futures hitting record volumes. Technical charts now suggest bullish targets ranging from $180 to $500 if the current breakout holds.

Anchorage Digital CEO Nathan McCauley called the ETF 'a win for consumers' during the debut, which saw $8 million trade in just 20 minutes. The product differs from standard crypto ETFs by offering direct staking rewards exposure.

Separately, DeFi Development Corp announced a $100 million convertible note offering to accumulate SOL treasury holdings, signaling continued institutional conviction in Solana's infrastructure.

MOODENG Price Prediction – Will It Hit a New High After 40% Surge?

MOODENG, a Solana-based meme coin themed around a pygmy hippo, surged 40% in 24 hours following its listing announcement on Upbit, South Korea's largest crypto exchange. The token spiked 31% within 20 minutes of the news, ranking among today's top gainers on CoinGecko.

Trading will commence July 3 at 17:00 KST with KRW, BTC, and USDT pairs. Upbit cautioned about potential delays if liquidity proves insufficient at launch. The project draws inspiration from Moo Deng, a baby hippo at Thailand's Khao Kheow Open Zoo that became a pop culture symbol.

The rally reflects intensifying speculative interest in meme coins with cultural narratives, particularly those gaining tier-1 exchange support. Market participants are monitoring whether MOODENG can sustain momentum post-listing amid broader Solana ecosystem growth.

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

Florida-based DeFi Development Corp (DFDV) bolstered its Solana treasury with a $2.72 million acquisition of 17,760 SOL tokens, executed at an average price of $153.10 each. The MOVE underscores institutional confidence in Solana's on-chain fundamentals and aligns with DFDV's long-term strategy of compounding SOL holdings through staking rewards.

With this purchase, DFDV's total SOL and SOL-equivalent holdings now stand at 640,585 tokens, valued at approximately $98.1 million. The company maintains a SOL-per-share ratio of 0.042, translating to $6.65 per share based on current prices.

All newly acquired SOL will be staked across multiple validators, including DFDV's own infrastructure, generating native yield while contributing to network decentralization. As the first public company to center its treasury strategy around Solana, DFDV continues to actively participate in DeFi opportunities and ecosystem development.