📰 Headline
Bitwise Asset Management Sparks Industry Scramble With First U.S. Spot Solana ETF Launch
📍 Key Points
Bitwise launched the first U.S. spot Solana (SOL) ETF, giving it a “first-mover” advantage in altcoin ETFs.
The fund attracted about US$420 million in its first week.
Analysts estimate that altcoin ETFs could pull in up to US$14 billion in the first six months, with ~US$6 billion potentially going into Solana products.
The broader context: with rising institutional interest, major tokens have regained momentum. For example, Bitcoin (BTC) recently rebounded above ~US$104,000 amid strong ETF inflows.
Regulatory clarity and product innovation are driving adoption: e.g., spot crypto ETFs, more institutional participation, returning risk appetite.
It could be solana and alt coins pump
#USGovShutdownEnd? #BinanceHODLerALLO #AITokensRally
