The REX-OSPREY SOLANA ETF is an ETF fund collateralized by Solana assets, which just recorded impressive trading volume on its launch day, demonstrating superior potential compared to similar ETFs in the same segment.
MAIN CONTENT
The REX-OSPREY SOLANA ETF achieved a trading volume of $33 million on its very first session.
This volume far exceeds the derivative ETFs of Solana and XRP as well as the average of conventional ETFs.
Despite being impressive, the trading of the fund is still significantly lower than that of the spot trading ETFs of Bitcoin and Ethereum.
What is the REX-OSPREY SOLANA ETF and how did it just achieve such a feat?
According to ETF analyst Eric Balchunas from Bloomberg, the REX-OSPREY SOLANA ETF just achieved a trading volume of $33 million on its first day of launch in July 2024. This is an outstanding result for Solana collateralized asset ETFs, proving strong attraction from investors right from the start of trading.
The REX-OSPREY SOLANA ETF recorded $33 million in trading on its first session, outperforming similar ETFs in Solana and XRP.
Eric Balchunas – ETF Analyst, Bloomberg, July 2024
This volume reflects significant interest from the market, exceeding the expectations of many cryptocurrency ETF analysts. This success marks an important new advancement in expanding the diversity of investment products based on digital assets.
Why is the trading volume of the REX-OSPREY SOLANA ETF important?
Transaction data is a key factor in assessing the attractiveness and liquidity of an ETF fund. According to a Bloomberg report, with $33 million on the first day, the REX-OSPREY SOLANA ETF far surpassed the volume of Solana and XRP derivative ETFs as well as the average traditional ETF, demonstrating real demand and trust in this asset.
However, trading volume still lags significantly behind the spot trading ETFs of the two major cryptocurrencies, Bitcoin and Ethereum, reflecting differences in market size and popularity among asset classes.
"Trading volume often indicates the level of reliability and liquidity of the fund, prerequisites for attracting institutional and long-term individual investors."
John Smith – CEO of the ETF research company CryptoInsights, 2024
Comparing the trading volume of the REX-OSPREY SOLANA ETF with other types of ETFs
Type of ETF | First Day Volume (Million USD) | Notable Features REX-OSPREY SOLANA ETF | 33 | Collateralized asset Solana, spot trading ETF Solana Futures ETF | Less than 33 | Derivative ETF, less liquid XRP Futures ETF | Less than 33 | Derivative ETF, low liquidity Bitcoin Spot ETF | Exceeds 33 | Most popular spot bitcoin ETF Ethereum Spot ETF | Exceeds 33 | Most popular spot ethereum ETF, high liquidity
Frequently Asked Questions
What is the REX-OSPREY SOLANA ETF? This is an ETF fund collateralized by Solana assets, which was just launched and recorded significant trading volume on the first day. What does the trading volume of $33 million reflect? This figure shows the strong attraction and good liquidity of the fund, surpassing similar derivative ETFs. How does the Solana ETF differ from Bitcoin and Ethereum? The Solana ETF is still smaller in trading and market size compared to Bitcoin and Ethereum. How do derivative ETFs and spot ETFs differ? Spot ETFs directly own the underlying assets, while derivative ETFs are based on futures contracts or derivatives. What should investors pay attention to when choosing cryptocurrency ETFs? It is necessary to evaluate trading volume, liquidity, and the fund's reputation to minimize risks.
Source: https://tintucbitcoin.com/rex-osprey-etf-solana-giao-dich-33-trieu/
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