Solana ETFs | Crypto

Solana ETFs have pulled in $369 million so far this month as investors appear to favor yield-bearing products, while Bitcoin and Ether ETFs faced billions in redemptions. Despite steep redemptions from Bitcoin and Ethereum ETFs, Solana attracted $369 million of inflows this month as investors increasingly positioned SOL as a yield-generating asset. According to Bohdan Opryshko, co-founder and chief operating officer of Everstake, both institutions and retail holders are “treating Solana as a yield-generating asset rather than a speculative trade.” He told Cointelegraph that Solana’s native staking rewards of 5%–7% have created an appeal that Bitcoin (BTC) ETFs cannot match, and only a limited set of Ethereum products currently offer. Read more

A sharp divergence emerged in the crypto ETF market this month. According to SoSo Value data, the new products tracking Solana and XRP are attracting significant capital, contrasting with a severe wave of outflows from established Bitcoin and Ethereum funds. The data shows that the newly launched altcoin ETFs have registered more than $500 million […] The post XRP and Solana ETFs thrive as over $4B in Bitcoin and Ethereum exits the market appeared first on CryptoSlate.

For six consecutive trading days, starting October 28, when Bitwise launched the BSOL US Solana ETF, it pulled in $284 million, while Bitcoin and Ethereum funds bled capital. According to Farside Investors’ data, Bitcoin ETFs lost $1.7 billion over the same stretch. Ethereum products shed $473 million. The divergence wasn’t subtle, and it arrived at a moment when macroeconomic […] The post Solana ETFs are outperforming Bitcoin: Is SOL siphoning BTC liquidity? appeared first on CryptoSlate.

Solana ETFs recorded over $400 million in inflows, but SOL’s price lost a key technical support, sparking fears of a drop toward $120. Key takeaways: The spot Solana ETFs start strong by drawing over $400 million in weekly inflows. SOL broke its 211-day uptrend, slipping below key moving averages. Read more

Tidal Trust II has filed an application with the US Securities and Exchange Commission to introduce two new exchange-traded funds (ETFs) that offer leveraged long exposure to XRP and Solana. The filing, made public on Aug. 19 via Form N-1A, outlines plans to offer daily exposure to the digital assets with leverage between 150% and […] The post And another one: Leveraged XRP and Solana ETFs filed with SEC by Tidal Trust II appeared first on CryptoSlate.

The US Securities and Exchange Commission (SEC) asked would-be Solana exchange-traded fund (ETF) sponsors to file amended S-1 Forms within a week, Blockworks reported on June 10, citing three people familiar with the discussions. The sources said that the SEC has informed the issuers that it intends to respond within 30 days of the filings. […] The post SEC reportedly fast-tracks Solana ETFs: potential approval arrives within 5 weeks appeared first on CryptoSlate.