Solana News: SOL Above $195; Bitwise Says Its SOL Staking ETF Had 'Big First Day'
Bitwise's Solana Staking ETF (BSOL) saw a strong debut, while Grayscale's GSOL prepares to list on NYSE Arca.Summary
The Bitwise Solana Staking ETF (BSOL) experienced a "big first day" after launching on October 28, recording $55.4 million in volume and $217.2 million in Assets Under Management (AUM), aiming for 100% staked exposure and potential 7% rewards. Meanwhile, the Grayscale Solana Trust ETF (GSOL) was set to list on NYSE Arca on October 29, also offering exposure to SOL and potential staking rewards. Despite the ETF news, Solana (SOL) underperformed the broader crypto market, finishing up only 0.78% near $195.58, with overall trading volume 44% below its seven-day average. Technical analysis indicated that SOL was consolidating between $194 and $203 after briefly slipping below the key $200 level, suggesting muted conviction among traders.
(Source：CoinDesk)