Spot Solana Staking ETF Scores Massive on Day 1, Overshadows XRP Futures ETF

• Solana’s staking-enabled ETF launch (SSK) offers the alerts rising institutional demand and regulatory momentum.
• The market very clearly favors Solana’s staking mannequin over XRP futures, shifting investor focus and capital inflows.

On this final July 2nd, REX‑Osprey debuted the brand new Solana + Staking ETF (ticker SSK) on Cboe, making historical past as the primary U.S. staking-enabled crypto ETF. This surprising transfer comes after spot Solana ETFs turned the primary to launch in Canada, in response to a latest Crypto Information Flash (CNF) latest repot.

Apparently, as per its very first buying and selling session, it posted round $33 million in quantity and $12 million in inflows, far surpassing the day‑one figures of earlier Solana and XRP futures ETFs—although nonetheless trailing the large launches of spot BTC/ETH ETFs.

Moreover, this efficiency could be thought-about not solely a powerful entry into the market but in addition positioned the SSK ETF as a standout in comparison with the XRP Futures ETF, highlighting a shift in investor curiosity towards Solana-based monetary merchandise.

As additional highlighted by Eric Balchunas in his thread tweet, per the newest replace, the SSK ended the day with $33m in quantity. Once more, it blows away the Solana futures ETF and XRP futures ETFs (or the typical ETF launch), however it’s a lot decrease than the Bitcoin and Ether spot ETFs.

$SSK ended day with $33m in quantity. Once more, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) however it’s a lot decrease than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc

— Eric Balchunas (@EricBalchunas) July 2, 2025

Why does this matter a lot? The SSK ETF’s success has ignited hypothesis about the way forward for Solana-focused funding merchandise. As mentioned towards the tip of this text, analysts are additionally significantly optimistic in regards to the prospects of pure spot Solana ETFs and its dominance over XRP, with a reported 95% probability of regulatory approval in 2025.

Implications for Solana’s Value and Dominance Over XRP

The SSK ETF’s sturdy efficiency carries important implications for the market value of Solana (SOL). On the time of writing, XRP is buying and selling at $2.22, with a lower of 2.34% prior to now 24 hours and a rise of 6.37% prior to now week.

In the meantime, Solana (SOL) is buying and selling at $150.42, reflecting a lower of 3.56% prior to now day and a rise of 5.83% prior to now week. In one other facet, the SOL value rally additionally comes after a Solana advisor joins Elon Musk’s X group, as per a latest CNF report.

Really useful for you: