The first ETF is presented in Solana live, where the encryption analysts expect to increase the new Altcoin boxes
The first Bitcoin, then ethereum, and now Solana. The encryption industry is drowning traditional markets with assets associated with encrypted currencies that investors from the mother and pop can buy from their mediation accounts. On Wednesday morning, the first trading box for exchange in Solana, or ETF, on CBOE BZX, is a stock exchange based in Chicago.
It is called the fund called Rex-AOSPREY SOL and Stoke ETF, and it is available for investors who want to be exposed to Solana, one of the best cryptocurrencies that amounts to the market capital about 81 billion dollars, according to data from Binance. In addition to tracking the Solana price, the box, which is jointly managed by Rex Financial and its sister, Osprey, also pays a variable monthly profit holder of 7.3 %.
Solana’s price jumped by 2 % after the opening of the markets on Wednesday to about 151 dollars. ETF witnessed flows of about 20 million dollars before midday, said Greg King, founder and CEO of Rex Financial, said. luck.
When it was first launched, the investment funds traded in the cryptocurrency looked strange for many retailers, but for the first time in a row from Bitcoin and Ethereum, and now the Solana Fund indicates that the products gain a wider appeal.
ETFS also represents an entry point for new encryption investors at a time such as brokerage companies forefront Do not let their users connect to the exchange of encryption and the most hot and hotter purchase. Spot Crypto, or traditional market covers around the current coil currency, allows traditional investors and founders to allocate part of their portfolio to encryption.
For years, the Securities and Stock Exchange Committee prevented the launch of the spot Bitcoin Investment funds circulated in the United States, although similar products were available in Europe. SEC is concerned that the assets associated with encryption will be vulnerable to the manipulation of the market. ashenThe encryption investment company, the organizer in the courts, fought, and in October 2023, a judge said that the Supreme Education Council refused to apply Grayscale to obtain Bitcoin ETF “arbitrary and volatile”.
In January 2024, a large group of investment funds circulated in Bitcoin, including entry to the category of Titan Management Titan Blackrock. Since the launch of Spot Bitcoin Etfs, nearly $ 50 billion has been poured into Investment productsAccording to data from Sosovalue.
In July 2024, Blackrock and other exporters launched the investment funds circulating in Ethereum, the second largest encrypted currency depending on the market value. After that, the other exporters submitted ETF requests to obtain a large number of other encrypted currencies, including Solana.
“I honestly think it was difficult with the previous administration,” said King, CEO of Rex Financial.
Now, amid a more friendly financial system during President Donald Trump, analysts expect the Supreme Education Council to agree on many requests to launch funds linked to the encrypted currency.
“We expect a wave of investment funds circulating in this second half of 2025,” James Sevart, an intelligent Bloomberg research analyst, He said On x.
