Rothschild and PNC Financial Services Show Interest in Solana (SOL)
- Rothschild Investment and PNC Financial Services have disclosed holdings in a Solana ETF.
- Total inflows into Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF (GSOL) reached $336 million in two weeks.
- BSOL led with $323.8 million of the total inflows.
- SOL price increased nearly 5% to $167, with a trading volume surge of 55% in the last day.
- SOL futures open interest rose by almost 3% to $7.80 billion within the same timeframe.
The growing interest from traditional financial institutions like Rothschild and PNC highlights a shift toward ETFs focused on SOL, as investors seek staking rewards over Bitcoin ETFs. This trend is reflected in significant inflows into Solana ETFs despite broader market challenges.
With SOL price currently at $167 after a nearly five percent increase, the momentum suggests renewed investor confidence amid substantial ETF inflows.(Source)
