The post Solana’s REX-Osprey ETF Hits $12M Inflows: Snorter Token Heats Up appeared on BitcoinEthereumNews.com.

REX-Osprey’s Solana ETF, SSK, hit $12M inflows and $33M trading volume on day one. This could be a boon to the Snorter Token ($SNORT) presale. The first-ever Solana ($SOL) ETF with staking in the US is off to a healthy start with $12M inflows and $33M trading volume on its first trading day. This renewed attention to Solana—the so-called home of meme coins—should also put other projects on the blockchain, like Snorter Token ($SNORT), in the spotlight. A Good Trading Day for SSK, $SOL The REX-Osprey $SOL + Staking ETF (known as SSK) first traded at the Cboe BZX Exchange yesterday with a NAV of $24.94. It’s currently trading around $26.50. SSK provides investors direct exposure to Solana ($SOL), currently one of the largest cryptocurrencies in the market, with a market cap of $82B. It also lets investors stake with a 7.3% reward rate at present. As an ETF, most of SSK’s assets will be staked directly in $SOL, while 40% will be invested in other exchange-traded products that also stake the crypto, with the rest going to liquid staking tokens. It’s been a whirlwind journey for REX-Osprey, which had sent a proposal to the SEC earlier in May. This week, the SEC finally gave its nod of approval. Nine other applications for a $SOL ETF are being reviewed by the SEC. Further approvals should be a boon to $SOL and its native blockchain in the foreseeable future. While the cryptocurrency is miles away from its $294.33 ATH in January, it’s been in recovery mode over the past seven days. According to CoinMarketCap, $SOL has been up by 7.74% during the past week and by 3.68% in the last 24 hours. SSK & Other $SOL ETFs, a Major Boost for Snorter Token ($SNORT) $SOL’s blockchain is widely considered the home…

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Filed under: News - @ July 4, 2025 2:28 pm