Bitwise Launches First US Solana ETF
Update: 2025-11-11
Description
Bitwise Asset Managements launch of the first US spot Solana ETF, while the SEC was shut down, has disrupted the financial world, granting them a significant first-mover advantage in the single crypto ETF market. This bold move, which tracked the spot price of Solana, the sixth-largest cryptocurrency, has attracted $420 million in its first week and could potentially attract $14 billion in altcoin ETFs in the first six months. Other firms, like Grayscale Investments and VanEck, have adjusted their strategies to align with Bitwises approach, highlighting the high stakes in securing a first-mover advantage in the rapidly evolving crypto ETF landscape.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
