Key Takeaways
- Solana ETFs have crossed the $1 billion mark 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 pack at $732 million, per SoSoValue. Total net assets represent about 1.4% of Solana’s total market capitalization.
BSOL, the Bitwise Solana Staking ETF, tracks the performance of Solana’s native token while incorporating staking rewards. The fund stakes assets in-house to maximize returns for investors.
Funds managed by Grayscale (GSOL) and Fidelity (FSOL) follow with net assets currently totaling approximately $167 million and $122 million, respectively. While more modest compared to the market leaders, VanEck’s VSOL continues to capture steady, incremental inflows, with its total net assets now reaching roughly $28 million.
US spot Solana ETFs recorded around $16 million in net inflows on Monday, pushing cumulative inflows to $792 million. Trading activity remained steady, with $43 million in total value traded across Solana ETF products during the session.
Solana is a high-performance 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.
Source: https://cryptobriefing.com/solana-etfs-exceed-1b-assets-bitwises-bsol-leads-681m/
