Solana Staking ETF Ranks in Top 1% of ETF Launches on Day One

The newly launched SSK Solana Staking ETF delivered a standout performance on its first trading day, ranking in the top 1% of all ETF launches, according to Bloomberg ETF analyst Eric Balchunas.

The fund saw $33 million in trading volume on day one, far surpassing the debut volumes of both Solana and XRP futures ETFs, and signaling strong investor appetite for Solana-linked products.

While the trading volume trailed the early activity seen in spot Bitcoin and Ethereum ETFs, Balchunas described SSK’s opening as “exceptional” given its focus on a single Layer 1 altcoin.

The analyst also noted that if the fund’s momentum continues, SSK could reach $10 million in assets under management (AUM) by the end of its first day.

First-of-Its-Kind ETF Offers Both Exposure and Yield

SSK holds a unique position in the U.S. market as both the first spot Solana ETF and the first staking ETF approved for trading. Unlike traditional crypto ETFs that simply track price, SSK plans to stake at least 50% of its assets, allowing investors to benefit from Solana’s on-chain staking yields in addition to price exposure.

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The launch of SSK comes amid rising demand for diversified crypto investment products, especially those that can offer yield alongside potential capital appreciation. The ETF’s structure may appeal to both institutional and retail investors looking for passive income opportunities within the digital asset space.

If early volume is any indication, the SSK ETF could be a landmark product for staking-based exposure in U.S. markets—and a sign that demand for Solana-focused instruments is entering a new phase.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.