Crypto News: Solana ETFs Off to a Flying Start With Millions in Early Inflows

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The post Crypto News: Solana ETFs Off to a Flying Start With Millions in Early Inflows appeared first on Coinpedia Fintech News

After launching, the U.S. spot Solana ETFs recorded strong inflows. By the third day of trading, both Grayscale and Bitwise confirmed growing market adoption. Listed on NYSE Arca and Nasdaq, these funds give investors an easy way to gain exposure to Solana while benefiting from features like staking rewards and lower fees.

Bitwise BSOL ETF

Bitwise officially posted the halftime ETF collections on its X post. During its day 3 (as of 12 pm), it recorded $25 million in trading volume with $315 million in assets under management (AUM). It targets 100% of its assets to be staked, so that investors can stake rewards from their Solana holdings.

The ETF charges 0.20% management fees but waives this fee (0%) for the first three months on the first $1 billion in assets. Additionally, 100% of the staking rewards generated are passed through to the investors without any fee for the first three months.

By full time, BSOL recorded $36.55 in inflows with net assets coming at $343.78 million. Its total trading value surged to $46.12 million.

Grayscale GSOL ETF

In its full-time trading, Grayscale GSOL saw a total net inflow of $780.50K, with a market price of $12.99 at the time. Its total trading value reached $6.59 million with net assets of $96.19 million, as per SoSoValue data.

Overall, the spot Solana ETF recorded its lowest on Thursday since its launch. Its total net inflow dropped to $37.33 million, and total trading volume reached $52.71 million. Net assets came in at $439.97 million, representing 0.44% of Solana’s market cap.