The REX-Osprey Solana + Staking ETF (SSK) launched recently as the first U.S.-listed crypto staking ETF, achieving $33 million in trading volume on its first day, surpassing many previous crypto ETF launches. Analysts, including Bloomberg's Eric Balchunas, noted that this performance exceeded the average for new ETFs. The SSK enables investors to gain exposure to Solana and earn staking rewards without needing in-depth technical knowledge, contributing to a 4% increase in Solana (SOL) prices, pushing them above $150. The launch aligns with the SEC's recent ruling that crypto staking is compliant with U.S. securities laws, paving the way for more such products. In contrast to the SSK, there are currently no ETH staking ETFs available in the U.S., although similar offerings exist in other countries like Canada and Hong Kong. The market also saw notable movements, with Bitcoin (BTC) rising 3.6% and Ethereum (ETH) increasing by 8.6%.

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