Key Takeaways
- Solana ETFs have surpassed $1 billion in assets under management.
- Bitwise’s BSOL leads Solana ETFs with $732 million in assets.
Solana ETFs have surpassed $1 billion in assets under management, with Bitwise’s BSOL leading the way at $732 million. for SoSoValue. Total net assets represent approximately 1.4% of Solana’s total market capitalization.
BSOL, the Bitwise Solana Staking ETF, tracks the performance of Solana’s native token and includes staking rewards. The fund deploys assets internally to maximize returns for investors.
Funds managed by Grayscale (GSOL) and Fidelity (FSOL) follow with net assets currently at approximately $167 million and $122 million, respectively. Although more modest compared to the industry leaders, VanEck’s VSOL continues to generate steady, incremental inflows, with total net assets now at approximately $28 million.
US spot Solana ETFs recorded net inflows of about $16 million on Monday, bringing cumulative inflows to $792 million. Trading activity remained steady, with a total of $43 million traded across Solana ETF products during the session.
Solana is a powerful blockchain known for its transaction speed and support for decentralized applications. The launch of spot ETFs has contributed to increased institutional interest in the platform.
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