📅 November 1 | United States
The launch of the first Solana exchange-traded funds (ETFs) in the United States has just made history. In just one week of trading, the SOL-based financial products attracted over $200 million in net inflows, solidifying the network as Ethereum's main rival in the new era of institutional investment in crypto assets.
📖 After months of regulatory waiting, Solana ETFs officially debuted on major US markets, supported by leading firms like VanEck and 21Shares. Despite the overall volatility of the crypto market, the funds exceeded initial forecasts and raised $200 million in their short first week, a milestone that positions them as one of the most successful ETF launches of the year.
Analysts explain that this success reflects a shift in the institutional narrative: investors are seeking exposure to projects with real utility, speed, and low cost—characteristics that Solana has perfected.
Currently, the network processes more than 2,000 transactions per second and has attracted a growing ecosystem of DeFi applications, NFTs, and tokenized payments.
The report details that the VanEck Solana Trust (SOLX) ETF led inflows, with nearly $120 million under management, followed by the 21Shares Solana ETP, which added an additional $80 million.
These products allow large funds and institutional managers to invest in Solana without needing to directly hold the token, opening a new door to mass adoption.
“The institutional appetite for Solana surprised even the most optimistic traders. This marks the beginning of a new phase in the diversification of the crypto market,” commented an analyst from TD Cowen.
Topic Opinion:
Solana has gone from being a promising prospect to a serious financial player. Its technical efficiency and growing ecosystem have allowed it to climb to the table of the major players. The success of ETFs demonstrates that institutional money is seeking new avenues for returns beyond Bitcoin and Ethereum, and Solana is poised to fill that gap.
💬 Do you think Solana is destined to surpass Ethereum in institutional adoption?
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