Solana-focused exchange-traded funds (ETFs) based in the U.S. have seen a big surge, attracting $78 million over the last 30 days. This move further illustrates the growing demand for investment vehicles collateralized by alt-coins.

The launch of the new Solana REX-Osprey SOL + Staking ETF (SSK) on July 2 should be celebrated as a huge breakthrough. This ETF has already brought in more than $41 million in assets under management.

Solana would become the third cryptocurrency, after Bitcoin and Ether, to be made available to U.S. investors through spot ETFs. Bitcoin and Ether have shown disproportionate supremacy within ETF markets.

Since Bitcoin ETFs touched down last January, they have landed almost $50 billion in new capital coming into the industry. This success is a testament to the power of cryptocurrency investment products. BlackRock’s iShares Bitcoin Trust (IBIT) has become one of the highest revenue-generating funds, currently holding 700,000 BTC. This same trend can be seen for Ethereum ETFs, which have brought in an impressive ~$4.5 billion to date.

Volatility Shares’ leveraged Solana ETF (SOLT) has exploded to $69 million this year. In comparison, its non leveraged Solana ETF (SOLZ) has reportedly brought in $23 million.

"It's all much smaller than btc or eth but lot of green numbers = good" - Eric Balchunas

As part of this process, the SEC has requested that issuers voluntarily re-file important documents by the end of July. This decision indicates a faster timeline for Solana ETFs, going ahead of the widely expected October deadline. The Solana REX-Osprey SOL + Staking ETF (SSK) is one of the Solana-focused exchange-traded funds (ETFs) listed in the U.S.