NiftyNoon: Solana ETF Unlocks Staking For TradFi 🥩💰📉
The first US Solana staking ETF went live offering yield to traditional investors but sadly the initial price hype quickly faded away (July 03, 2025)
Nifty Thought:
The next chapter in the crypto ETF story has officially begun. Following the wild success of Bitcoin and Ethereum ETFs, the first US-based Solana ETF has started trading. The REX-Osprey Solana + Staking ETF (SSK) offers traditional investors exposure not just to SOL's price, but also its staking rewards, a first for the US market. This innovative structure, which passes staking yields directly to investors, uses Anchorage Digital as the custodian and is regulated under the Investment Company Act of 1940. The launch represents a significant bridge between the worlds of traditional finance and crypto-native yield generation.
The market's reaction to the launch has been a classic "buy the rumor, sell the news" event. In the lead-up, SOL's price popped to $161, but the excitement was short-lived as the price quickly fell back toward the mid-$140s after the ETF went live. The price is now consolidating, with technical analysts pointing to key levels of resistance around $159 and support near $140. A sustained break above resistance could signal a new upward trend, but for now, the initial ETF hype appears to have fizzled out, leaving investors to watch whether the long-term institutional access can create more sustained buying pressure.
Highlighted News:
🟪 The REX-Osprey™ SOL + Staking ETF, $SSK is now trading:
https://x.com/rexshares/status/1940389401516757097?s=46
📈 First-ever Solana staking ETF, $SSK, ended its debut day with $33M in volume and $12M in inflows:
https://x.com/SolanaFloor/status/1940530519814688885
📜 @Ripple is applying for a national bank charter from the OCC:
https://x.com/bgarlinghouse/status/1940454339207667941
💧@coinbase acquiring @liquifi_finance, the leading token management platform for early-stage teams building onchain:
https://x.com/coinbase/status/1940385699653652500?s=46
🇺🇸 The Trump family's crypto bets have already made $620 million — and reshaped the president's $6.4 billion fortune:
https://x.com/business/status/1940413934038602038
🤬 OpenAI clarifies “OpenAI tokens” are not OpenAI equity:
https://x.com/OpenAINewsroom/status/1940502391037874606
🏹 @vladtenev on Robinhood limited Stock Token giveaway on OpenAI and SpaceX to eligible European customers:
https://x.com/vladtenev/status/1940547859532612028?s=61
Project and Community News:
BlackRock Bitcoin ETF Drivers More revenue Than Its S&P 500 Fund: https://x.com/matthew_sigel/status/1940421231788114404?s=
U.S. Federal Housing and the Fannie Mae and Freddie Mac Chairman Calls on Congress to Investigate Jerome Powell: https://x.com/pulte/status/1940436083495620653
@Ripple has also applied for a Fed master account through the trust company it acquired last year - @StandardCustody: https://x.com/EleanorTerrett/status/1940541055096479769
Flows into Ethereum ETFs are going to accelerate significantly in H2. The combination of stablecoins & stocks moving over Ethereum is an easy-to-grasp narrative for traditional investors: https://x.com/Matt_Hougan/status/1940354170084835521
Tech billionaires back new lender Erebor as Silicon Valley Bank rival: https://x.com/ft/status/1940170315679580659?s=61
JPMorgan is developing a new service to tokenize carbon credits and is partnering with a trio of carbon companies for an initial trial: https://x.com/business/status/1940366998250102920?s=61
Introducing The Robinhood Chain. The first Ethereum Layer 2 optimized for real-world assets via @arbitrum - from public to private to global: https://x.com/vladtenev/status/1940308314144883074?s=46
While @Grayscale was given an approval order for their conversion of $GDLC into an ETF yesterday. There was a letter attached to that approval that is putting a Stay on their ability to actually convert at this time: https://x.com/JSeyff/status/1940489004010615147
Circle Mint Delivers a Powerful Institutional Onramp to @USDC and EURC: https://x.com/circle/status/1940410130434322705?s=46
PancakeSwap hit $529B in Q2 volume and $325B in June: https://x.com/PancakeSwap/status/1940410145575501835
In Q2 2025, @MistTrack_io Team received 429 crypto theft reports via submission forms - including multi-million dollar losses: https://x.com/SlowMist_Team/status/1940257099797430598
Is today a potentially big day for the @blur_io and @blast ecosystems? https://x.com/a_raving_ape/status/1940409282219876355
Jupiter Studio is ready to launch: https://x.com/9yointern/status/1940431614103937517
The Chonks Playground is now live: https://x.com/marka_eth/status/1940537032943849641
FXH Protocol is now live on @base: https://x.com/fx_hash_/status/1940425839554031842?s=46
@ChimpersHQ partner with @223W0RLD, a spinout venture of JCorp, trusted by 150+ IPs across Web2 and Web3, to bring Chimpers to life: https://x.com/ChimpersHQ/status/1939756734530093326
if you bought $1,000 of USELESS when it launched on May 10 and held until today, you’d have $250,000: https://x.com/moonpay/status/1940492406425866668
Quick Stats:
👾 Blur ETH Daily Volume: 379.64 ETH (▲ 4.69%)
🌊 OpenSea ETH Daily Volume: 563.38 ETH (▲ 3.22%)
🟠 BTC : $109,344.89 (▲ 1.72%)
🔷 ETH: $2,592.70 (▲ 5.96%)
🟣 Solana: $153.19 (▲ 3.21%)
🟪 Polygon: $0.19 (▲ 5.34%)
Top NFT Sales:
CryptoPunks #6035: 45.00 ETH
Pudgy Penguins #2921: 16.00 ETH
Bored Ape Yacht Club #4206: 14.50 ETH
NFT Daily Winners:
🐵 NodeMonkes: 0.03 BTC (▲ 15.55%)
💼 Ordinal Maxi Biz: 0.02 BTC (▲ 6.63%)
👩🏻 Milady Maker: 2.29 ETH (▲ 6.38%)
🦧 Bored Ape Yacht Club: 10.82 ETH (▲ 3.15%)
⛩ Azuki: 1.93 ETH (▲ 1.56%)
🏳🌈 Chromie Squiggles: 3.76 ETH (► 0.00%)
NFT Daily Losers:
🚬 CryptoPunks: 38.90 ETH (▼ 0.26%)
🐧 Pudgy Penguins: 9.67 ETH (▼ 0.31%)
👾 Tensorians: 2.46 SOL (▼ 0.55%)
🧙♂️ Taproot Wizards: 0.16 BTC (▼ 0.55%)
🍭 Mocaverse: 1.25 ETH (▼ 0.86%)
😡 Mad Lads: 40.89 SOL (▼ 1.28%)
🧦 Bitcoin Puppets: 0.03 BTC (▼ 1.41%)
🏴☠ Captainz: 0.37 ETH (▼ 3.02%)
🐱 Quantum Cats: 0.02 BTC (▼ 3.82%)
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