Spot Solana Staking ETF Scores Big on Day 1, Overshadows XRP Futures ETF

Solana’s staking-enabled ETF launch (SSK) provides the signals growing institutional demand and regulatory momentum.
The market very clearly favors Solana’s staking model over XRP futures, shifting investor focus and capital inflows.

On this last July 2nd, REX‑Osprey debuted the new Solana + Staking ETF (ticker SSK) on Cboe, making history as the first U.S. staking-enabled crypto ETF. This unexpected move comes after spot Solana ETFs became the first to launch in Canada, according to a recent Crypto News Flash (CNF) recent repot.

Interestingly, as per its very first trading session, it posted around $33 million in volume and $12 million in inflows, far surpassing the day‑one figures of earlier Solana and XRP futures ETFs—though still trailing the massive launches of spot BTC/ETH ETFs.

Furthermore, this performance can be considered not only a strong entry into the market but also positioned the SSK ETF as a standout compared to the XRP Futures ETF, highlighting a shift in investor interest toward Solana-based financial products.

As further highlighted by Eric Balchunas in his thread tweet, per the latest update, the SSK ended the day with $33m in volume. Again, it blows away the Solana futures ETF and XRP futures ETFs (or the average ETF launch), but it is much lower than the Bitcoin and Ether spot ETFs.

$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 Ether spot ETFs. pic.twitter.com/t6LkQwDXLc

— Eric Balchunas (@EricBalchunas) July 2, 2025

Why does this matter so much? The SSK ETF’s success has ignited speculation about the future of Solana-focused investment products. As discussed toward the end of this article, analysts are also particularly optimistic about the prospects of pure spot Solana ETFs and its dominance over XRP, with a reported 95% likelihood of regulatory approval in 2025.

Implications for Solana’s Price and Dominance Over XRP

The SSK ETF’s robust performance carries significant implications for the market price of Solana (SOL). At the time of writing, XRP is trading at $2.22, with a decrease of 2.34% in the past 24 hours and an increase of 6.37% in the past week.

Meanwhile, Solana (SOL) is trading at $150.42, reflecting a decrease of 3.56% in the past day and an increase of 5.83% in the past week. In another aspect, the SOL price rally also comes after a Solana advisor joins Elon Musk’s X team, as per a recent CNF report.

However, in terms of overshadowing XRP, the SSK ETF’s debut has clearly eclipsed the XRP Futures ETF. As analyses sugget, that the most substantial gaps are in the trading volume and in the inflows highlights a market preference for Solana’s staking model over XRP’s futures-based offering. See SOL Price chart below