A REX Shares & Osprey Funds spokesperson said

> Eric Balchunas: “That's pretty solid. it took 3mo for $SOLZ to get $12m”

x.com/EricBalchunas/status/1940744511153680518

Source:

The first ETF offering investors exposure to Solana in the U.S., the @RexShares @OspreyFunds Solana + Staking ETF, generated $12 million worth of inflows alongside its Wall Street debut. https://t.co/diBDelp8LT

The Solana ETF $SSK took in $12m on first day, according to Osprey who told Decrypt (we won't see it in data till tonight). That's pretty solid. For context, it took 3mo for $SOLZ to get $12m. Also pre-market volume is $3m (vs 260k for SOLZ), pointing another healthy trading day.

Eric Balchunas

A REX Shares & Osprey Funds spokesperson said

> Eric Balchunas: “That's pretty solid. it took 3mo for $SOLZ to get $12m”

x.com/EricBalchunas/status/1940744511153680518

Source: https://decrypt.co/328307/solana-staking-etf-bags-12m-wall-street-debut

Societe Generale to launch dollar-pegged stablecoin on Ethereum and Solana

Trading

🐳 Increased US whales' $BTC buying pressure has been sustained since mid-April.

Coinbase Premium Index (from CryptoQuant) measures the price difference between the BTC/USD pair on Coinbase Pro (primarily for professional US investors) and Binance. A high index indicates increased buying pressure from US whales, and vice-versa. It also reflects the interest and activeness of US investors.

Looking back at Nov 2024, the market saw a sharp and quick rally that corrected within just one month, whereas the current bullrun has lasted nearly two months. The Coinbase Premium Index in the previous period surged rapidly and then quickly declined with the price, but it's currently showing a sustained upward trend.

This is a rather optimistic signal for Bitcoin, as it aligns with the insight "BTC is being accumulated by whales/institutions" that many shared in recent weeks.

What are your thoughts on the current market phase?

Companion

@companion