New crypto ETF era kicks off with ‘impressive’ $220m Solana debut – DL News
- The first Solana ETF on the NYSE launched on Tuesday.
- More than $220 million have traded in its first hours.
- A plethora of crypto ETFs are coming to the market.
The new era of crypto exchange-traded funds has kicked off with a bang.
On Tuesday, Bitwise’s new staked Solana ETF, dubbed BSOL, went live for trading on the New York Stock Exchange and did $220 million in trading in its first few hours.
“BSOL is beginning life with $220 million,” wrote Eric Balchunas, Bloomberg Intelligence ETF expert. “Impressive.”
It may have taken years before the first spot Bitcoin and Ethereum ETFs hit the market, but the next wave of funds is expected much sooner.
There are about 155 crypto ETF applications tracking 35 different assets awaiting…
