REX-Osprey Solana ETF “Healthy Start” Leads To Record Demand For SOL CME Futures
The first Solana staking ETF (exchange-traded fund) closed its debut trading session yesterday with around $33 million trading volumes and $12 million inflows, triggering a surge in CME futures demand. “Healthy start to trading for a new ETF with ~$8 million in trading in first 20 min,” said Bloomberg ETF analyst James Seyffart in a July 2 X post while commenting on REX-Osprey Solana + Staking ETF’s debut performance. His colleague, Eric Balchunas, also said that the ETF’s trading volumes on its first day placed it in the “top 1% for a new launch.” REX-Osprey ETF “Blows Away” SOL And XRP Futures ETFs In First-Day Volumes Balchunas went on to say that the REX-Osprey Solana ETF managed to post first-day volumes much greater than those of futures ETFs for SOL and XRP. $SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ethe...