The exchange-traded product (ETP) provider 21Shares launched its Solana exchange-traded fund (ETF) on Wednesday, marking the debut of the fifth SOL ETF product in the United States.
According to 21Shares' announcement, the fund holds spot SOL and will stake its holdings to secure the blockchain network and earn rewards. Bloomberg senior ETF analyst Eric Balchunas stated:
"21Shares today launched its spot Solana ETF (TSOL) with a fee of 21 basis points (BPS) and an opening assets under management (AUM) of $100 million.
The Solana ETF as a whole has attracted $2 billion in funds, with essentially daily inflows, performing quite well considering the current 'extreme fear' sentiment," he wrote.
The debut of TSOL coincided with the launch of investment management company VanEck's SOL ETF (VSOL) on Monday, which also offers staking rewards.
According to Bitwise Chief Investment Officer Matt Hougan, market analysts and industry executives suggest that 2026 could be a milestone year for altcoin ETFs, with the potential launch of over 100 new investment tools attracting new capital inflows.
While cryptocurrency ETFs provide a tool to attract funds from passive investors in traditional financial markets, the flow of investments is two-way; strong demand can drive up the prices of underlying assets, but high net outflows can harm prices.
According to CoinMarketCap, despite the ETF launches, the price of SOL has dropped by about 14% over the past 7 days.
According to Hougan, Bitwise's Solana ETF (BSOL) launched in October and has attracted nearly $500 million in net inflows within three weeks of its debut, making it one of the most successful ETF launches in history.
In January, analysts at banking and financial services company JPMorgan predicted that the SOL ETF would attract billions of dollars in funds for SOL.
JPMorgan analysts added that the price performance of SOL and Ripple (XRP) ETFs could surpass that of Ethereum (ETH) ETFs in the first six months after their debut in the United States.
Related: Ethereum (ETH) enters the "buy zone," but volatility-averse traders take a wait-and-see approach.
Original article: “21Shares Solana ETF Launches Amid Market Turmoil, But Fund Flows Show Investor Interest”
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