Solana’s First US Staking ETF Could Be ‘Huge’, Bitwise’s Matt Hougan Says

Solana’s (CRYPTO: SOL) first-ever U.S. staking ETF has launched to overwhelming demand, despite a government shutdown and a consolidating crypto market.

What Happened: Bitwise introduced the Bitwise Solana Staking ETF (BSOL), offering investors exposure to Solana’s growth potential while earning its 7%+ average staking yield. The fund stakes 100% of its assets through Bitwise Onchain Solutions.

Bloomberg ETF analyst Eric Balchunas noted that BSOL debuted with $220 million in assets, already half the size of the REX-Osprey SOL + Staking ETF (SSK).

He added that BSOL saw strong first-day volume and organic …

Full story available on Benzinga.com