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- 📢 Gate has released its latest Proof of Reserves report!
As of July 11, 2025:
💰 Total reserves reached $10.504 billion
📈 Reserve ratio stands at 126.03%
✅ Covers over 350 types of user assets
🔼 Surplus reserves increased 10.66% to $2.17 billion
Committed to transparency and user fund security.
📎 Learn more: https://www.gate.com/proof-of-reserves
- 📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
The first Spot Solana ETF in the United States saw a net inflow of $21 million in a single day, accumulating over $40 million.
According to data from Farside Investors, the first Spot Solana exchange-traded fund (ETF) in the United States — Rex-Osprey’s Solana + Staking ETF (SSK) had a net inflow of $21 million on July 8, bringing its total net inflow to $41.2 million.
The fund's net inflow for the single day was nearly twice the inflow amount of $20.2 million for the previous three trading days, representing a growth rate of 104%.
and the gap with Bitcoin and Ethereum
SSK opened on July 2, with a management fee of 0.75%, which is three times the 0.25% charged by BlackRock and Fidelity for their Bitcoin (BTC) and Ethereum (ETH) products.
By comparing the fund inflows of the first four trading days for each asset class, it can be seen that there is a gap between fund inflows and the market value of the underlying assets.
Bitcoin Spot ETF attracted about $2.9 billion in the first four trading days of January, approximately 0.34% of Bitcoin's market value at the time.
The Ethereum Spot ETF absorbed nearly $1.2 billion within the first four days of its opening in June, accounting for about 0.3% of Ethereum's market cap (after excluding Grayscale's historical outflows).
In comparison, Solana's $41.2 million is approximately 0.05% of the SOL circulating supply, which is about 16.7% of the penetration rate when Bitcoin and Ethereum were first launched.
Cost drag and single issuer structure
One reason for this gap is the fees. Rex-Osprey's 0.75% management fee is the highest among U.S. Spot cryptocurrency ETFs, and its initial capital of only $600,000 indicates limited storage capacity for its authorized participants.
In contrast, Fidelity and BlackRock launched their Bitcoin funds with initial capital exceeding $300 million, offering a fee reduction plan that gradually decreases to 0.12% and 0.20%.
In addition, Rex-Osprey is the only issuer of the Solana ETF, while there were 9 issuers competing when Bitcoin was first launched, and Ethereum also had 8 issuers launching products.
Although the early capital inflows into SSK were lower than those of large-cap assets like Bitcoin and Ethereum due to its small scale and higher fee ratios, the fund's doubling of capital achieved on July 8 shows that market allocators are less concerned about costs and are gradually increasing their demand for the fund.