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First Solana ETF Goes Live, Hinting At A Potential Boom For Altcoin Funds

The altcoin market is making significant inroads into traditional finance, with the recent launch of the first Solana ETF on the Cboe BZX stock exchange in Chicago. 

Named the REX-Osprey SOL and Staking ETF, this fund is designed for investors looking to gain exposure to Solana. In addition to tracking Solana’s price movements, the fund also offers a variable monthly dividend, currently set at 7.3%.

Solana ETF Launch Fuels 2% Price Surge
Following this Solana ETF debut on Wednesday, SOL’s price surged by 2%, reaching around $152, while the investment vehicle attracted about $20 million in inflows by midday, as noted by Greg King, CEO of REX Financial.

First Solana ETF Goes Live, Hinting At A Potential Boom For Altcoin Funds

The altcoin market is making significant inroads into traditional finance, with the recent launch of the first Solana ETF on the Cboe BZX stock exchange in Chicago. 

Named the REX-Osprey SOL and Staking ETF, this fund is designed for investors looking to gain exposure to Solana. In addition to tracking Solana’s price movements, the fund also offers a variable monthly dividend, currently set at 7.3%.

Solana ETF Launch Fuels 2% Price Surge
Following this Solana ETF debut on Wednesday, SOL’s price surged by 2%, reaching around $152, while the investment vehicle attracted about $20 million in inflows by midday, as noted by Greg King, CEO of REX Financial. 

https://bitcoinist.com/first-solana-etf-goes-live-boom-for-altcoin-funds/