Token Surges
Why? The launch of the first U.S.-listed ETF (Exchange-Traded Fund) offering direct exposure to Solana’s SOL token.
Extra Benefit: The ETF also allows access to staking rewards, making it more attractive to investors.
Takeaway for Investors:
This news is bullish for Coinbase and Solana.
Shows ongoing institutional adoption of crypto.
Coinbase is strengthening its services beyond just trading.
ETF listing for Solana can drive price appreciation like it did with Bitcoin earlier in 2024.
