The REX-Osprey Solana Staking ETF (SSK) has reached over $100 million in assets under management (AUM) just 12 trading days after its launch on July 2. This information was shared in a statement on July 22.
Greg King, the founder of REX Shares, emphasized the rapid growth as a reflection of the increasing investor interest in innovative crypto exposure through regulated investment options. He stated:
“Crossing the $100 million mark in just over two weeks underscores the appetite for innovative, blockchain-native solutions.”
SSK is the first US-listed Solana ETF that incorporates on-chain staking rewards, providing investors with direct exposure to SOL’s market price and staking yield in a liquid and regulated ETF format. This eliminates technical barriers like managing wallets or self-custody, making Solana more accessible to traditional investors.
The ETF has attracted significant attention from investors, with noteworthy trading volume of $12 million on its first day, indicating strong market demand as highlighted by Eric Balchunas, a senior ETF analyst at Bloomberg.
Solana’s Rising Value
Alongside the ETF milestone, Solana’s price has experienced a surge, surpassing $200 for the first time since January 2025. This rally has driven Solana’s market capitalization to $107 billion, solidifying its position as the fifth-largest digital asset by market cap.
On-chain activity continues to support the bullish trend, with total value locked in Solana-based DeFi protocols exceeding $10 billion. Additionally, over 350,000 new tokens have been deployed on the Solana network in the past week, marking a 9% increase.
Institutional investors are also showing increased interest in Solana, with Upexi acquiring $20 million worth of 100,000 SOL and Defi Development Corp. purchasing $28 million worth of 141,383 SOL on July 21. These investments signal confidence in Solana’s long-term potential among prominent asset managers and institutional investors.
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