In brief
- Bitwise’s Solana ETF BSOL drew $69.5M in debut inflows on Tuesday..
- The fund’s low 0.20% fee and direct staking approach contrasts with Rex-Osprey’s Solana Staking ETF.
- Strong ETF demand comes amid Solana’s 3.1% price decline on the day to $194.
Bitwise Asset Management’s spot Solana ETF is off to a promising start.
On Tuesday, the fund attracted some $69.5 million in inflows on its debut, outpacing Rex-Osprey Solana Staking ETF SSK’s $12 million debut inflow, according to data from Farside.
Bitwise Solana Fund BSOL is positioning itself as a clear investor favorite as the market evaluates two distinct approaches to staking yield.
“Truly a watershed moment.” Kyle Samani, managing partner at investment firm Multicoin Capital,
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Author: Akash Girimath
