VanEck Files for Solana ETF, SOL Rises 8%
The filing is the first Solana ETF to be filed in the U.S. and follows six days after a similar product filing in Canada.
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The filing is the first Solana ETF to be filed in the U.S. and follows six days after a similar product filing in Canada.
Ether is more price sensitive to ETF inflows than bitcoin due to the large amount of ETH total supply that is locked up, the report said.
Ether and other digital assets need a better regulatory regime and the narrative is expected to improve around the U.S. elections later this year, the report said.
The VanEck Bitcoin ETF, the first spot bitcoin exchange-traded fund on the Australian Securities Exchange (ASX), debuted on Thursday.
Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC.
BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.
Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said.
Bitcoin and other major assets offer unique advantages to investors seeking growth and diversification, says Jason Leibowitz.
The SEC’s recent decision sets Ethereum up for success in numerous new ways, says Ilan Solot, Senior Global Markets Strategist, Marex Solutions.
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.