U.S. Solana ETFs Launch With Innovative Staking Feature

The US saw the launch of Solana-specific exchange traded funds (ETFs), marking a significant shift in cryptocurrency investment strategies. Bitwise and Grayscale have launched their respective BSOL and GSOL ETFs, offering features like staking that are unique to this sector. These new offerings, featuring a 5.7% annual yield through staking, could absorb an estimated $5 billion in Solana (SOL) tokens, potentially echoing the success seen with Bitcoin and Ethereum ETFs.