Solana ETF race heats up as 21Shares joins Fidelity, Bitwise and others in launching SOL fund
21Shares launched its Solana ETF (TSOL) on CBOE, joining competitors like Fidelity and Bitwise in the growing SOL fund market.Summary
Exchange-traded fund firm 21Shares has launched its Solana ETF, ticker TSOL, on the Chicago Board Options Exchange (CBOE), intensifying the competition in the SOL fund space. This launch follows recent introductions of Solana ETFs by firms including Fidelity, Bitwise, Canary Capital, and Grayscale. Federico Brokate of 21Shares expressed optimism about regulatory shifts allowing transparent crypto exposure. Despite a current market slump and uncertainty around the Federal Reserve's interest rate decision, Solana ETFs have collectively attracted $2 billion in assets under management with consistent daily inflows, according to Bloomberg analyst Eric Balchunas. Firms are actively bringing various crypto ETFs, including those for Litecoin, HBAR, and potentially Dogecoin, to market amid a perceived crypto-friendly regulatory environment.
(Source：The Block)