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04:07
Crypto ETF Analysis: BLOX Gains Traction with Options Income as Solana (SOL) Staking ETF (SSK) Launch Boosts Price 4%

According to @AltcoinGordon, new crypto exchange-traded funds (ETFs) are showing strong investor demand and impacting market prices. The Nicholas Crypto Income ETF (BLOX), which combines crypto-related equities, spot BTC and ETH ETFs, and an options income strategy, has attracted approximately $4.52 million in net inflows since its June 17 launch, according to VettaFi data. Separately, the first U.S. crypto staking ETF, the REX-Osprey Solana + Staking ETF (SSK), had a strong debut with $33 million in trading volume, which Bloomberg ETF analyst Eric Balchunas called a better-than-average launch. This news coincided with Solana's (SOL) price rising roughly 4% to trade above $150. Broader market sentiment appears bullish, with the source material noting Bitcoin (BTC) surged 3.6% to over $109,000 and Ethereum (ETH) jumped 8.6% to $2,608. Further underscoring institutional interest, a Presto Research report revealed BlackRock’s Bitcoin ETF (IBIT) is now generating more annual revenue than its flagship S&P 500 fund, highlighting investor willingness to pay premium fees for regulated crypto exposure.

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