New ETF presents U.S. traders publicity to Solana
A brand new funding car giving conventional traders entry to Solana—a serious cryptocurrency—started buying and selling Wednesday on the Cboe BZX Change:
- REX-Osprey Solana + Staking ETF is the first US ETF to instantly put money into Solana, the world’s sixth-largest crypto by market cap.
The launch marks a step ahead in bringing smaller digital property into the mainstream, permitting traders to realize publicity by common brokerage accounts with out instantly holding the token.
Analysts say the ETF could pave the way for comparable merchandise tied to lesser-known cryptocurrencies, however warn of restricted demand and potential closures if quantity doesn’t maintain up.
Information by way of Dow Jones / Market Watch
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BTC and ETH are likely to get most of the consideration.
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