Trading of the SSK ETF kicked off today on CBOE.

It's essentially a Solana ETF with built-in staking rewards, assembled by BlackRock through a clever legal workaround that sidesteps SEC requirements. Trading volumes are off the charts - over $8 million in the first hour alone.

And honestly, that’s very much in the spirit of crypto itself. After all, cryptocurrencies were designed to bypass financial regulations - not by breaking the rules outright, but by rendering them irrelevant. Regulators would love to ban everything, but in most countries, they reacted too late. Crypto is already deeply embedded in both business and daily life.

Of course, that doesn't mean a ban is impossible. Even gold was banned at one point. But crypto isn’t gold - it’s much easier to hide. Just head over to rabbit.io and swap your transparent coins for private ones. The traceable assets stay in a jurisdiction where crypto is allowed, while the private coins can’t be tracked by anyone.

So yes, bans are theoretically possible - but in practice, they make little sense.

An ETF, however, is a whole different story. Building one on regulatory loopholes is a bold move, and a risky one. I don’t quite get the hype. If staking rewards are what people want, why not just buy actual Solana?