Bitwise, Grayscale Launch First Staking Solana ETFs, Attract $200M in Inflows
Bitwise ($BSOL) and Grayscale ($GSOL) have made headlines with the launch of the first staking-enabled spot Solana ETFs. These ETFs attracted nearly $200M in inflows within a week, indicating investors' confidence in crypto's long-term potential.
The launches, on October 28 and 29 respectively, saw $BSOL attract over $197M in net inflows, making it the biggest crypto ETF launch since Ethereum. This significant interest signals a healthy consolidation phase in the crypto market.
$BSOL's first day alone saw $69.5M in inflows, leading all crypto ETPs in weekly flows with +$417m. Meanwhile, $GSOL, launched a day later with a higher fee of 0.35%, still managed $2.2M in cumulative net inflows. This shows investors' appetite for these ETFs.
In other news, PepeNode ($PEPENODE) offers a unique mine-to-earn cryptocurrency project with a gamified mining ecosystem and real rewards. Additionally, Bitcoin Hyper ($HYPER) is building a new Layer-2 solution to bring Solana-like speeds and Web3 support to Bitcoin.
The strong inflows into these ETFs and the innovative projects like PepeNode and Bitcoin Hyper indicate a vibrant crypto market. Meanwhile, expert-recommended altcoins in presale, such as BlockchainFX, Snorter, and Nexchain, offer potential high returns for early investors.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
- Inspired & Paddy Power Extend Virtual Sports Partnership for UK & Ireland Retail
- South West & South East England: Check & Object to Lorry Operator Licensing Now
