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Cryptocurrency News Articles

Solana ETF Inflows & Snorter Token: A New Era for Meme Coin Trading?

Jul 04, 2025 at 11:14 am

The first Solana ETF with staking sees strong inflows, spotlighting projects like Snorter Token. Is this the future of meme coin trading on Solana?

Solana ETF Inflows & Snorter Token: A New Era for Meme Coin Trading?

Solana ETF Inflows & Snorter Token: A New Era for Meme Coin Trading?

The buzz around Solana is getting louder! With the launch of the first US Solana ETF that allows staking, and projects like Snorter Token aiming to revolutionize meme coin trading, things are heating up in the Solana ecosystem.

Solana ETF: A Solid Start

The REX-Osprey $SOL + Staking ETF (SSK) made its debut on the Cboe BZX Exchange, showing impressive numbers with $12 million in inflows and $33 million in trading volume on its first day. This ETF not only gives investors direct access to Solana ($SOL) but also offers a staking reward, currently at 7.3%. Pretty sweet, right?

What's cool is that SSK will stake most of its assets directly in $SOL, with a portion also going into other exchange-traded products that stake crypto. This ETF bypassed some SEC hurdles by investing over 40% of its assets in foreign ETPs, a smart move that ultimately led to its approval.

Snorter Token: The Meme Coin Hunter

With all this renewed attention on Solana, meme coins are back in the spotlight. But finding the next big meme coin can feel like searching for a needle in a haystack. That's where Snorter Token ($SNORT) comes in. This project is designed to help traders snipe new tokens on Solana (and other chains) using a Telegram-native trading bot.

Snorter Bot aims to make crypto trading easier within Telegram. It lets you automate sniping, research coins, copy trades, and manage your portfolio all in one place. Plus, it helps you avoid rugpulls and honeypots with its live blacklist scans. Talk about a handy tool!

Holding $SNORT gives you even more perks, like unlimited snipes and discounts on transaction fees. The presale has already raised over $1.5M, and with Solana gaining more traction, it’s expected to heat up even further.

Institutional Interest in Solana Grows

The Solana ETF's strong opening reflects growing institutional interest. Its $33 million trading volume on launch day outperformed both XRP and Solana futures ETFs, signaling that investors are keen on staking-enabled crypto investments. Following the ETF launch, open interest in Solana CME futures also surged, hitting $167 million. That's a new high!

Analysts note that the SOL ETF's structure, under the Investment Company Act of 1940, and its integration of staking returns, have contributed to its early success. Institutional sentiment seems to favor assets with utility beyond just price movement, like staking rewards. Who knew institutions were so practical?

The Future Looks Bright (and Meme-y)

With SSK's successful first day and Snorter Token gaining momentum, it's an exciting time for the Solana ecosystem. Snorter Token, in particular, looks promising as it aims to simplify crypto trading through Telegram. It's built for speed, security, and real-world utility in the fast-paced meme coin market, making it a contender in the trading bot space.

So, keep an eye on Solana. With ETFs opening doors for institutional investors and innovative projects like Snorter Token making meme coin trading more accessible, the future looks bright. Just remember to do your own research before diving in. After all, in the wild world of crypto, a little caution goes a long way. Now, go forth and snipe those meme coins! (responsibly, of course).

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