REX-Osprey’s Solana ETF, SSK, hit $12M inflows and $33M buying and selling quantity on day one. This may very well be a boon to the Snorter Token ($SNORT) presale.
The primary-ever Solana ($SOL) ETF with staking within the US is off to a wholesome begin with $12M inflows and $33M buying and selling quantity on its first buying and selling day.
This renewed consideration to Solana—the so-called house of meme cash—also needs to put different initiatives on the blockchain, like Snorter Token ($SNORT), within the highlight.
A Good Buying and selling Day for SSK, $SOL
The REX-Osprey $SOL + Staking ETF (referred to as SSK) first traded at the Cboe BZX Exchange yesterday with a NAV of $24.94. It’s currently trading around $26.50.
SSK offers traders direct publicity to Solana ($SOL), at present one of many largest cryptocurrencies available in the market, with a market cap of $82B. It additionally lets traders stake with a 7.3% reward price at current.
As an ETF, most of SSK’s belongings might be staked directly in $SOL, whereas 40% might be invested in different exchange-traded merchandise that additionally stake the crypto, with the remaining going to liquid staking tokens.
It’s been a whirlwind journey for REX-Osprey, which had sent a proposal to the SEC earlier in Could. This week, the SEC lastly gave its nod of approval.
9 different functions for a $SOL ETF are being reviewed by the SEC. Additional approvals must be a boon to $SOL and its native blockchain within the foreseeable future.
Whereas the cryptocurrency is miles away from its $294.33 ATH in January, it’s been in restoration mode over the previous seven days.
In keeping with CoinMarketCap, $SOL has been up by 7.74% through the previous week and by 3.68% within the final 24 hours.
SSK & Different $SOL ETFs, a Main Increase for Snorter Token ($SNORT)
$SOL’s blockchain is extensively thought-about the house of meme cash largely attributable to its pace and low charges. However with the inflow of those Solana meme tokens, it may be troublesome to seek out probably the most promising ones earlier than they hit the mainstream.
Snorter Bot is a crypto mission that goals to resolve that. This Telegram-native crypto buying and selling bot, powered by the Snorter Token ($SNORT), allows you to do virtually every part crypto-trading inside the fashionable messaging app.
Its major goal, although, is sniping the most recent tokens on Solana (plus a number of EVM-compatible chains), with sub-second swaps and 0.85% charges in addition. Now you can automate your sniping so that you will be forward of the curve in opposition to bots and whales.
You now not have to change from platform to platform and web site to web site to do your analysis, purchase cash, copy trades, or handle your portfolio, both. You are able to do all these in Snorter Bot.
For the reason that race to seek out the subsequent massive coin is rife with dangers, Snorter Bot may also provide help to sniff out rugpulls and honeypots with its stay blacklist scans, mint lure detection, and freeze alerts.
Holding its native $SNORT token may help you get much more out of the bot, like limitless snipes, governance rights, and a hefty low cost on transaction charges.
To get $SNORT, go to the official Snorter Token presale page. Then, join your crypto pockets like Best Wallet to the presale widget and enter the variety of tokens to purchase. You’ll be able to pay with fiat, $SOL, $ETH, $BNB, $USDT, or $USDC.
Upon shopping for $SNORT, you may stake your tokens to earn extra APY rewards, that are at present set at 233%.
Every token prices $0.0973, however there’s one other value enhance coming in lower than 4 days, so it’s higher to behave quick. The presale can be going to finish in This autumn 2025.
To this point, Snorter’s presale has already raised over $1.5M. We count on shopping for exercise to warmth up additional with elevated curiosity in Solana, a rising variety of $SOL ETFs, and extra traders and blockchain devs turning to the Solana community.
Extra $SOL Exercise Anticipated
With SSK’s first day of buying and selling completed and dusted and a brand new one only a few hours away, we count on extra flurry of exercise because the ETF positive aspects extra consideration from traders.
Snorter Token ($SNORT), whose personal presale can be off to an incredible begin, also needs to turn out to be further enticing to merchants wanting to realize a bonus within the meme coin market.
However earlier than you put money into crypto, be sure you do your individual analysis first. This isn’t funding recommendation.
It is a sponsored article. Opinions expressed are solely these of the sponsor and readers ought to conduct their very own due diligence earlier than taking any motion primarily based on data offered on this article.
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