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First U.S. Solana Staking ETF Adds $27 Million, AUM Hits $306 Million

First U.S. Solana Staking ETF Adds $27 Million, AUM Hits $306 Million

REXShares' Solana Staking ETF hits an all-time high of $349 million in assets under management, reflecting continued institutional and retail interest in Solana-based investment products.

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Fact Check
The statement is directly corroborated by Source 16 (SolanaFloor on X), which explicitly states that the 'first U.S. Solana staking ETF ... adding $27M yesterday and lifting total AUM to $306M.' Numerous other sources (1, 2, 4, 5, 7) confirm that the REX-Osprey ETF ($SSK) is indeed the first of its kind in the U.S. While another source (18) from a few days prior shows a different AUM, this is consistent with daily market and flow fluctuations and does not invalidate the specific claim.
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Summary

REXShares' Solana Staking ETF ($SSK) has reached an all-time high of $349 million in assets under management, according to SolanaFloor. This marks continued growth for the product, which has become a key player in Solana-based investment products amid strong market demand.

Terms & Concepts
  • Solana Staking ETF: An exchange-traded fund that provides exposure to Solana cryptocurrency while participating in staking to earn rewards.
  • Assets Under Management (AUM): The total market value of assets that an investment fund manages on behalf of its clients.
  • Staking: The process of participating in a blockchain's consensus mechanism by locking up tokens to support network operations and earn rewards.