The United States' first Solana staking exchange-traded fund (ETF) launched on the Cboe BZX Exchange, concluding its debut trading day with $12 million in inflows and $33 million in trading volume. The REX-Osprey Solana Staking ETF, trading under the ticker SSK, offers investors direct exposure to spot Solana along with staking yields. Analysts remarked that the initial trading activity was strong, surpassing earlier crypto ETF launches in terms of trading volume. The fund's structure allowed it to bypass certain regulatory barriers set by the Securities and Exchange Commission (SEC) by investing a significant portion of its assets in other exchange-traded products. Despite the ETF's positive debut, Solana’s price saw only minor gains, reflecting a modest reaction in the broader market. Experts are optimistic for further approvals of spot Solana ETFs in the upcoming months, anticipating that they may gain regulatory clearance later in the year, alongside increased institutional interest in the digital asset space.

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