VanEck Launches Solana ETF, Grayscale Invests; Will ETFs Boost Prices?

VanEck and Grayscale are making waves in the cryptocurrency space by launching new Ethereum ETFs. While VanEck offers institutional access with waived fees for a limited time, Grayscale launched a spot Solana fund attracting significant assets quickly. Experts say investor inflows will depend on Solana’s price movement and critical support levels. 2023 has been turbulent for crypto, with Solana experiencing sharp price drops recently. Analysts note that the new ETFs, combined with increased trading volumes, could see significant inflows, potentially benefiting prices.