CoinShares Wants to Offer Solana Staking ETF—But It's Complicated, Experts Warn► https://t.co/1dk3f3n3yl https://t.co/1dk3f3n3yl ...

Group 1 - The core viewpoint of the article is that the launch of the "Solana Staking ETF" marks a significant development in the cryptocurrency ETF market, transforming SOL from a price-dependent asset to one that can generate its own returns through staking [2][5][9] - The ETF was launched on July 2, with a trading volume of $8 million in the first 20 minutes and a total of approximately $33 million on its first day, indicating a strong initial interest [2][3] - The ETF's structure allows for a minimum of 40% of assets to be allocated to foreign Solana ETPs, with the remaining assets held in a C-Corp structure to generate around 7% annualized returns, providing a compliant pathway under U.S. regulations [5][9][10] Group 2 - The "Solana Staking ETF" differs from traditional ETFs by utilizing a special regulatory framework and requiring custodians to hold the underlying digital assets rather than the fund issuers [4][5] - Market reactions to the ETF have been muted, with SOL's price rising only about 3.6% within 24 hours of the launch, suggesting a more mature market expectation compared to previous ETF approvals [2][6] - The approval of the SSK ETF has increased anticipation for other Solana ETFs currently under review, indicating a potential wave of new ETF products in the coming months [7][8] Group 3 - The SEC has delayed decisions on other Ethereum ETF proposals, raising concerns about the risks associated with staking and the complexities of reward distribution, which may affect future ETF approvals [8][9] - The approval of the SSK ETF is seen as a positive signal for future products, particularly those incorporating staking features, but regulatory scrutiny will remain based on the specifics of each asset [9][10] - The successful launch of the SSK ETF could lead to increased liquidity in the cryptocurrency market and attract more institutional investors, although it may also heighten market volatility [7][8]

The Morning Minute (7.3)⏰Top News:-Crypto majors rebound 2-6%, ETH leads; BTC at $109,600-OpenAI disputes Robinhood’s tokenized stock claims-BlackRock’s IBIT ETF drives more fees than its S&P ETF-Solana staking ETF launches, sees $33M in volume on day one-Coinbase acquires Liquifi in token management play🌎 Macro Crypto and Memes-Crypto majors were very green with ETH leading; BTC +2% at $109,600, ETH +6% at $2,600, XRP +5% at $2.29, SOL +4% at $154-BONK (+16%), WIF (+15%) and FARTCOIN (+14%) led top movers- ...

🇺🇸 NEW: The first ever Solana Staking ETF $SSK ended its debut day with $33M in trading volume, outperforming SOL and XRP futures ETFs but trailing behind BTC and ETH spot ETFs, per Eric Balchunas. https://t.co/l4P8LxVy7q ...

The Morning Minute (7.1)⏰Top News:-Crypto majors fall while S&P 500 marks new ATH; BTC at $106,600-Robinhood announces slew of crypto products, stock pops 13%-Tom Lee takes lead at Bitminer to launch MSTR of ETH; BMNR soars 700%-Jupiter launches trading of xStocks; users can swap stables, SOL or memes to stocks-SOL staking ETF approved to go live tomorrow for trading🌎 Macro Crypto and Memes-Crypto majors fell on the day while the S&P 500 hit a new ATH; BTC -1% at $106,600, ETH -1% at $2,450, XRP +1% at $2.1 ...

Solana staking ETF coming this week?!?James Seyffart (@JSeyff):Seems like this Solana Staking ETF could be going live this week. ...