Solana Staking ETF Bags $12M in Wall Street Debut

The first fund that is traded on the stock market offers investors of exposure Saltworks In the United States, on Wednesday, he created a $ 12 million in his debut debut in his Wall Street debut in his debut, said Rex and Osprey Fonds spokesman Decipher

Rex-Ospray Solana + Stakarski ETF, which also offers investors offering at least half of the Fund’s property-one first for US markets-Renishated $ 33.6 million in trading volume, by Nasdaq data.

“[The ETF’s] Trading scope 1. The day was 82% less than what could be expected on the basis of market Sal/BTC restrictions, “Juan Leon told a small investment strategist. Decryt. “This lack of appetite shows that institutional investors are still very early in their understanding of SOL.”

Solana has recently changed around $ 153, which is a 4.6% increase in the past 24 hours, according to the crypto data providers Co ringecko. The price of the property has dropped 48% since she reached $ 293 in January, shortly after the debut of the meme coin of US President Donald Trump.

Although the US Securities and Exchange Commission is expected to approve several ETF-focused on cryptocurrencies this year, debut on Wednesday is a new chapter “In the Krypto ETF story,” Digital co-founder and CEO Nathan McCauley said.

As the only US Federal Authorized Digital Property Bank, Anchorage preserves the ETF digital property, using its platform for investing in Solan. McCauley said the innovation of Anchorage will hopefully be translated into other products.

“Starting ETFS Crypto Stacking achieves a win for consumers and a significant step forward in full approach to the cryptocurrency ecosystem,” he said.

Anchorage started Leaving the institutions raised Ethereum in the US in 2022, shortly before Ethereum switched to a consensus model with a evidence. In April Blackkock Tapsin Anchorage as a guardian for the protection of some funds for his Bitcoin and Ethereum etf -ve.

Anchorage services reflect a regular bank, but it is permissible to maintain a crypto currency on behalf of clients. As for the Crypto ETF USA, many property managers have selected Coinbase for guardian, including investments in the gray page and Bitwise.

Unlike the Crypto ETF Spot, approved by the SEC last year, Rex-Osprey Solana + Stack Etf is structured by the Investment Society Act. This difference required a qualified guardian, such as Anchorage, to hold the assets of the fund.

On Wednesday, Rex-Oprey Solana + ETF’s share went to “A Healthy Start,” Bloomberg ETF wrote analyst James Seyffart on X, former Twitter, showing at $ 8 million in the amount of trading that the Fund achieved in the first 20 minutes.

Edited by James Rubin