According to a July 22nd statement, the Rex-Soprey Solana Staking ETF (SSK) exceeded its $100 million operating assets (AUM) just 12 days after its launch on July 2nd.
Rex Shares founder Greg King highlighted this speed of growth as evidence of investors’ desire for innovative crypto exposure through regulated investment vehicles.
According to him:
“Over $100 million in just two weeks, it highlights its appetite for innovative blockchain native solutions.”
SSK is the first US registered Solana ETF to incorporate on-chain staking rewards. This will directly expose investors to Sol’s market price, resulting in pile yields within the liquid regulated ETF format.
This product removes technical barriers such as wallets and self-reliance management, making Solana more accessible to traditional investors.
For this reason, ETFs have attracted a lot of interest from investors in the market. In particular, Bloomberg senior ETF analyst Eric Baltunas noted that SSK recorded a trading volume of $12 million on the first day, recording early signs of strong market demand.
Increase in Sol’s value
The ETF milestone coincides with a new surge in Solana’s prices, exceeding $200 for the first time since January 2025.
According to Encryption Data, the rally boosted Solana’s market capitalization to $107 billion, securing its position as the fifth largest digital asset by market capitalization.
On-chain activities continue to support bullish momentum. Defillama’s data shows that the total value locked under the Solana-based Defi protocol is over $10 billion. Meanwhile, over 350,000 new tokens have been deployed in the Solana network over the past week, showing a 9% increase.
Additionally, institutional investors have also shown growing interest in crypto assets.
On July 21, Upexi disclosed a $20 million acquisition of 100,000 Sol, and Defi Development Corp. announced another $28 million purchase of 141,383 Sol.
These moves demonstrate confidence in Solana’s long-term potential among prominent asset managers and institutional investors.
