The Rex-Esprey Solana Strike ETF (SSK) has crossed $ 100 million to assets under management (AUM), only 12 trading days after the launch of 2 July, according to a July 22 rack.
Greg King, founder of Rex shares, emphasized the speed of this growth as proof of the rising investor hunger for innovative exposure to crypto by regulated investment vehicles.
According to him:
“Crossing the $ 100 million in just over two weeks underlines the appetite for innovative, blockchain-native solutions.”
SSK is the first us listed spot Solana ETF to include rewards on the chains. This gives investors direct exposure to the market price of SOL and setting up yields within a liquid, regulated ETF format.
The product removes technical barriers such as managing portfolios or self -insurance, making solana more accessible to traditional investors.
As a result, the ETF has received a lot of interest from investors on the market. Eric Balchunas, a senior ETF analyst at Bloomberg in particular, pointed out that SSK registered an impressive $ 12 million in trade volume on the first day, an early sign of strong market demand.
Sol’s rising value
The ETF mijlpaal coincides with a renewed rise in the price of Solana, which for the first time since January 2025 climbed above $ 200.
According to CryptoSlate’s Data, this rally pushed the market capitalization from Solana to $ 107 billion, which guarantees its place if the fourth largest digital active active per market capitalization was guaranteed.
Activity at the chain continues to support the bullish momentum. Defillama data shows that the total value that is locked in Defi protocols based on Solana has surpassed $ 10 billion. In the past week, more than 350,000 new tokens have been deployed on the Solana network, which marks an increase of 9%.
In addition, institutional investors also show an increased interest in the crypto -active.
On July 21, Upexi unveiled an acquisition of $ 20 million from 100,000 Sol, while Defi Development Corp. A separate purchase of $ 28 million from 141,383 Sol announced.
These movements signals trust the long -term potential of Solana with prominent asset managers and institutional investors.
