Solana ETF’s Remarkable Debut: A Boost for the Blockchain
In a groundbreaking event on July 8, the first US-listed spot Solana ETF, known as Rex-Osprey Solana + Staking ETF (SSK), experienced a remarkable $21 million in net inflows. This influx of capital pushed the ETF’s total inflows to an impressive $41.2 million within the initial four days of its launch. This one-day surge significantly outstripped the $2.02 million garnered in the preceding three trading sessions, effectively doubling the ETF’s total inflows.
This influx of investment is a significant boon for Solana, as SSK’s success in attracting users and capital markedly enhances the network’s visibility, liquidity, and overall credibility. This positions Solana for even greater success in the future, reflecting positively on Solana-based projects such as Snorter Token ($SNORT). The project has already amassed nearly $1.7 million, thanks to its role as the foundation of an innovative Telegram trading bot, set to launch in Q3 2025.
Solana ETFs: Catching Up to Bitcoin and Ethereum
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Despite SSK’s impressive performance, it still trails behind the established Bitcoin and Ethereum ETFs. Even with the notable increase on July 8, the $41.2 million in inflows accounts for a mere 0.5% of Solana’s market capitalization. This is significantly lower than the penetration rates achieved by Bitcoin at 0.34% and Ethereum at 0.3% during their respective ETF launches.
This discrepancy is primarily attributed to SSK’s structure, with approximately 40% of its assets tied to offshore Solana ETFs, while the remaining portion is directly invested in $SOL. Additionally, SSK faces challenges with the highest fee among US crypto ETFs at 0.75%, and it launched with a $600,000 seed basket, much smaller than the $300 million+ seeded by ETF industry leaders like Fidelity and BlackRock.
Despite these obstacles, the doubling of SSK ETF highlights the growing interest from early institutional investors in Solana. Should the SEC approve pending Solana ETF applications from Franklin Templeton, VanEck, and Grayscale, it could usher in a new wave of capital into the network. As the demand for Solana continues to grow, projects like $SNORT are well-positioned to benefit from increased activity. Now is an opportune time to explore these emerging opportunities before they gain significant traction.
Snorter Bot Telegram Trading Bot Targets Solana Launch
$SNORT is the driving force behind Snorter Bot, a cutting-edge crypto trading bot currently in development. Built on Telegram, it aims to streamline the trading of popular meme coins, making the process faster, safer, and more user-friendly. The bot will empower users to manage every aspect of their trading strategy seamlessly from the fourth-largest messaging app in the world. Users will be able to discover new tokens, seize launch opportunities, execute trades, and set stop losses.
Security remains a top priority for Snorter Bot, with real-time honeypot detection, rug pull alerts, and MEV protection in place to safeguard users from malicious tokens and front-running attacks. Given the staggering $2.2 billion stolen in crypto last year, protective trading platforms like Snorter Bot have become indispensable.
Initially launching on Solana to leverage its low fees and high-speed transactions, Snorter Bot will subsequently expand to EVM-compatible chains such as Ethereum, BNB Chain, Avalanche, and Arbitrum. With fees as low as 0.85% for $SNORT holders, it will outpace top trading bots like Trojan and Maestro, which typically charge 1%.
Beyond reduced fees, $SNORT offers governance rights (anticipated around Q4 2025), additional premium features, and high-yield staking rewards, currently offering an impressive 218% APY. As more investors join the project, this percentage is expected to decrease, resulting in higher returns while bolstering the ecosystem’s sustainability.
Already, $SNORT has raised over $1.6 million in presales within just a few months, and its momentum shows no signs of slowing.
Explore the Potential of $SNORT for Impressive Returns
Solana’s recent ETF inflows signify a growing institutional interest, indicating a robust upward trend for the network. With the potential approval of additional ETF applications by the SEC, even greater capital could flow into the blockchain. This bodes well for Solana-based projects like Snorter Token ($SNORT), which stand to benefit from the increased activity and investment.
However, it’s crucial to remember that this is not financial advice. Always conduct your own research (DYOR) and make informed decisions based on your risk tolerance. Never invest more than you can afford to lose, as markets can be volatile and unpredictable. Your financial future is in your hands, so take the time to carefully evaluate opportunities.
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