In the last period when the main developments in crypto markets in the USA came to the fore, the publication of crypto asset -based stock market investment funds (ETF) and the interest of institutions in this field is carefully monitored. The newly opened Rex-Oosprey Solana + Stinging ETF (SSK) has attracted significant interest in the market with its first crypto Stake ETF listed in the USA. The Fund closed the first process day with a transaction volume of approximately 33 million dollars, while various analysis organizations said that this opening is above the average.
New Stake ETF and Effects
Rex-Ossprey Solana + Stinging ETF provides investors indirectly access to Solana and Stinging Awards without direct technical information. ETF’s transaction volume, Bitcoin $107,778.07 and Ethereum $2,453.35 Although it is lower than the high volumes of the first outbreak days of based ETFs, market analysts solelana and XRP term ETFs have been observed to have a stronger momentum than the entrances of the ETFs. The Crypto Stinging Model, which was used to launch the ETF, could be introduced to the market after the decision of the US Securities and Stock Exchange Commission (SEC) that the stake transactions were not contrary to the current legislation.
While there is no Ethereum Stinging ETF in the USA, such products are offered to investors in places such as Canada and Hong Kong. The 3iq company in Canada continues to serve Ethereum Stinging ETF at the Toronto Stock Exchange. In Hong Kong, different Stake ETFs are on the market in the light of the rules prepared by the local regulatory institution.
Record income in Blackrock’s Crypto ETF
Blackrock, one of the largest asset management companies in the world, attracted significant attention by exceeding the revenue of the company’s flagship S&P 500 ETF (IVV) in a short time. While IBIT’s asset size is around 75 billion dollars, the annual expected income of this fund is calculated as $ 187.2 million with a 0.25 %management fee.
Although there is a much larger funding in the Blackrock S&P 500 ETF, the fact that the management cost ratio is at a low level of 0.03 percent caused IBIT’s total income to exceed IVV. Market experts consider this development as a reflection of institutions’ increasing demands for crypto assets.
The Presto Research report included the following statements: “Although IBIT’s wages are 8.3 times higher than IVV, investors agree to pay this difference.”
Market movements and other assets
In this process, the crypto currency market generally experienced rise. Bitcoin increased by 3.6 %in the last 24 hours exceeding $ 109,000, and found support with volume and positive global developments. The US-Vietnam trade agreement positively affects the market feeling, while the crypto market continues its vitality despite tensions in the Middle East.
Ethereum reached $ 2,608 with an increase of 8.6 %. With high transaction volume and the effect of corporate interest, ETH was traded at new levels of support and resistance. In the gold market, the HSBC 2025 and 2026 price expectations, respectively $ 3,215 and $ 3,125/ounces, respectively shared. In Japan, the Nikkei 225 index fell slightly, while the US S&P 500 index rose with the support of new trade treaties.
Also in the crypto market, Ripple $2.19In recent days, discussions about the application of Federal Bank for Trress permission in the United States, Celsius’ case against Tether and the game projects within the sector have recently come to the fore.
Combined with the developments that are closely related to crypto and traditional financial markets, the changing regulation environment and the variety of new products, the market makes the market more attractive and multidimensional. It is recommended that investors should consider both risks and opportunities and dominate the developing legislation. Since crypto -based ETFs have the potential to increase market depth and attract investors in different profiles, it is possible to attract more attention with new products in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.