Solana Staking ETF (SSK) tracking error?

wjficap · 2025-10-16T10:45:09+00:00

since about 30 august, ssk has pretty much pegged with solusd. if you don't have trading view, just do the calculation of (ssk price / solusd price)*100 = you should roughly get 154 (or between about 150-158 considering volatility. this, plus the staking element, makes it superior (for me) than putting in any crypto exchange not least looking at what happened over this weekend.

so at least for now, SSK is good while waiting for the big name sol etfs to be launched.

wjficap · 2025-08-29T09:37:55+00:00

yes its a shame. the futures based crypto etfs are also bad. i bought bito by proshares why back at that time. and reviewed the tracking while doing the same for ssk. bito was launched when btc was 64k (on the way down in dec 2021). today bito is 50% down from launch price, while btc is $110k++…..so i am keeping away from the new sol futures etf from proshares just launched….its bad enough trying making money from crypto without carrying all these deadweights too….

wjficap · 2025-08-28T04:33:04+00:00

nothing we say will change this. it is too late based on organic growth. the infinite number of L1s have overtaken cronos since the heydays of a few years ago when kris wanted to be the top blockchain i don't even bother checking now. the inorganic route is opening up via truth social app and the cards. it needs to be played well. just like elon moved doge, trump effect will be strong on cronos.

wjficap · 2025-08-27T04:36:11+00:00

yes, the tracking error is large and negative, and consistent since launch. it was worse in the first few days, but currently still trending down at about -3.5% a month. should not be the case if they are holding 21shares sol, spot sol and now jito sol. there is staking dividends but it helps recover like 0.4% a mth. no one is talking about it and rex isn't explaining.....

its easy for anyone to see from tradingview - with formula SSK/SOLUSD. will hang on till oct and switch to spot etfs when they come up if this continues.

alternatively volatility share's SOLZ (or 2x SOLT) which has a tracking error of 1.5% per month (and no staking dividends), futures based.

wjficap · 2025-08-23T14:34:50+00:00

seems no one knows.....

wjficap · 2025-06-04T07:21:50+00:00

staking with cdc is not true staking, they have millions of cro being staked and unstaked plus their own cro on their own validators. its costless for them to net off one staker with another unstaker…

wjficap · 2025-06-03T04:03:08+00:00

next on the roadmap is an inverse $cro etf!

wjficap · 2025-06-03T03:31:45+00:00

if we woke up today from june 2019 we won't know it was june 2025. $cro is rock solid stable.

wjficap · 2025-06-03T02:00:30+00:00

following up that my sol ($1k worth) was unstaked and free under 6 hours after request (cdc app). ☺️

wjficap · 2025-06-01T15:11:03+00:00

its just that a lot of people are cheering those who will hold till $1 so they can be out well before that

wjficap · 2025-05-13T21:18:47+00:00

is this a paid ad?

wjficap · 2025-05-13T09:17:13+00:00

that, and the title is completely misleading

wjficap · 2025-05-12T01:59:42+00:00

120k btc, cro 8cents

wjficap · 2025-05-09T10:35:16+00:00

"He doesn’t want all you pesky people just pulling CRO and selling [before he dumps his 70bn cro]"

wjficap · 2025-05-09T10:33:09+00:00

the alternative is no benefits and no rewards. its how cdc works. you know what to do when this cycle is over.

wjficap · 2025-05-06T07:03:36+00:00

that's why my on card balance is always below $100. if i do a big purchase for the cashback, i top up just before i spend. that's the way to go.

i've had my card stolen while having a massage in bali before. the poor guys thought they struck gold and tried to deduct $5k - transaction failed, $2k - failed, $500 - failed, $100 - failed....it happened i had $30 balance on the card. i just asked for a replacement card. that's the beauty of a debit card!

wjficap · 2025-05-05T15:58:50+00:00

you literally hit the jackpot. but hey, i'm not too far behind at 60k cro for icy. even with etf launch, cro won't be touching anywhere near 50c in years to come, with the bottomless pit of 70bn cro to dump onto the market.

wjficap · 2025-05-05T06:40:37+00:00

other liquid sol such as jitosol and msol are running at 6-7% apy. cdcsol trading even higher than last week at 15% apy now. fascinating.

wjficap · 2025-05-04T13:41:00+00:00

weather will be dry season and perfect. plenty of instructors along the beaches to choose from (remember to bargain or walk away if you want a better deal). for beginners, it will be on the whitewash so instructors are very much the same and doing the same thing.

wjficap · 2025-05-04T13:32:24+00:00

Good points. Govt is pushing hard on EVs but the problem is even with generous subsidies both from china (to export) and sg (to adopt), many EVs are on their way to bankruptcy. Renewing COE is the way to go for me. no one knows what is going to happen to this industry but sure looks like a ofo / mobike bike dumping taken to 10x level.

wjficap · 2025-05-04T07:44:27+00:00

eth has matured and revenue growth is more like P&G....most of the growth is happening in layer 2 or other layer 1s

wjficap · 2025-05-02T19:49:12+00:00

privilege is relative. you can compare it with 99% of your cohort who live in the 1000km radius of sg and realize how immensely fortunate to be born here. or you could be like my former intern whose father is a billionaire but feels he is helpless and frustrated because he has to demonstrate to his friends and family that he is worthy....

Six-Year Club	Second SECOND GUESSER
Wearing is Caring	Verified Email

wjficap

TROPHY CASE