Bitwise Asset Management's new spot Solana ETF (BSOL) has attracted $69.5 million in inflows on its first day, greatly surpassing its rival, the Rex-Osprey Solana Staking ETF (SSK). BSOL offers a fully spot-based investment with a 7% staking yield and low fees, making it appealing to both institutional and retail investors. This launch marks a significant milestone for Solana's adoption in traditional finance. Meanwhile, Western Union's plan to issue a dollar-backed stablecoin on Solana further highlights blockchain’s growing role in mainstream financial services.
Continue to read Bitwise Solana Spot ETF Draws $69.5M on Debut, Outperforming Competitor ETFs
Bitwise Asset Management's new spot Solana ETF (BSOL) has attracted $69.5 million in inflows on its first day, greatly surpassing its rival, the Rex-Osprey Solana Staking ETF (SSK). BSOL offers a fully spot-based investment with a 7% staking yield and low fees, making it appealing to both institutional and retail investors. This launch marks a significant milestone for Solana's adoption in traditional finance. Meanwhile, Western Union's plan to issue a dollar-backed stablecoin on Solana further highlights blockchain’s growing role in mainstream financial services.
Continue to read Bitwise Solana Spot ETF Draws $69.5M on Debut, Outperforming Competitor ETFs
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