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The Solana price is gaining traction this week as ETF inflows are rising. SOL is up 15% in the previous 24 hours and heading for a breakout.
Last month, ETP provider REX Shares and the digital asset investment firm Osprey Funds made a strategic collaboration to create a new investment vehicle. On July 2nd, they announced the launch of the first Solana ETF—the REX-Osprey Solana + Staking ETF (SSK).
The SSK provides investors with spot Solana exposure and stakes 100% of the holdings to also offer staking rewards as monthly dividends. Around 57% of the holdings are directly staked SOL, while 42% are 21Shares Solana Staking ETP, which itself is staked.
The fund experienced significant inflows soon after the launch, surpassing $100 million in assets under management within two weeks.
The inflows have increased over the past few weeks as the broader market gains bullish momentum. According to REX Shares’ official website, the SSK now has over $151 million in AUM.
By giving conventional investors exposure to the price movements of SOL without directly owning it, this ETF is increasing trading activity and providing a significant upward push to the Solana price.
Solana Surges As ETF Inflows Increase
In the first week of August, there were no inflows in SSK but a net outflow of $2.7 million. However, as the broader market regained strength this week, the inflows have increased.
Yesterday, there was a net inflow of $5.2 million, taking the total to $11.6 million this week. With this, the Solana price has surpassed the $200 psychological level with a 15% surge in the past 24 hours.
At the time of writing, Solana is trading at $201.39, just below the key resistance level at $206, and a breakout from this level could induce more bullish sentiment and spark a further increase in inflows into the SSK Solana ETF.
BlackRock Says No Plans For SOL ETF
BlackRock is the leading crypto ETF player, with iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), the largest Bitcoin and Ethereum ETFs. However, BlackRock has stated that it currently does not have any plans to offer a spot Solana (SOL) ETF.
BlackRock immediately calls me out…
Says *no* plans at this time to launch spot xrp (or sol) ETF.
IMO, this will be looked back on as a mistake.
We shall see.
via @ForTheWynn_ pic.twitter.com/9nQaA3ZYDO
— Nate Geraci (@NateGeraci) August 8, 2025
According to Nate Geraci, the president of NovaDius Wealth, “this will be looked back on as a mistake”, suggesting that they will eventually have to enter the Solana ETF market. In another post on X, Geraci implied he does not believe the claim and says BlackRock may be planning something big.
Major Firms Await Spot Solana ETF Approvals
Although BlackRock has no plans, many investment firms have recently submitted amended S-1 filings to the US SEC proposing spot Solana ETFs. These include Bitwise, 21Shares, Grayscale, Franklin Templeton, Fidelity, VanEck, CoinShares, and Canary Capital.
These filings are currently under the SEC’s consideration, and an approval or rejection is expected by October 10th. However, CoinDesk believes the decision will be made way before the October deadline, as the SEC has some pressure to approve them after the launch of REX-Osprey Solana + Staking ETF.
The US SEC currently has more than 75 altcoin ETF filings under review. In an interview with CNBC Television, Geraci said that he expects a standardized crypto framework to be implemented in the next few months for quick approvals and that we are “going to see a boatload of crypto ETFs coming to market”.