Solana ETFs Surge Amidst Market Sell-Off, New Amplify ETF Launches

A new wave of optimism is sweeping the crypto market as another Solana exchange-traded fund (ETF) prepares for launch. Amplify ETFs’ Solana 3% Monthly Option Income ETF (SOLM) will begin trading today on the Cboe BZX Exchange, marking the third Solana ETF to hit the market following Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF (GSOL). This surge comes amid a broader crypto market selloff. Despite these price dips, SOL ETFs continue to attract significant investor interest from both institutional and retail investors.