Bitwise’s Solana ETF Launches Strong with $69.5M Inflows
- Bitwise’s Solana ETF BSOL attracted $69.5 million in inflows on its debut.
- BSOL’s management fee is set at a competitive ETF rate of 0.20%, waived for the first three months.
- In contrast, Rex-Osprey’s Solana Staking ETF SSK saw only $12 million in debut inflows.
- The BSOL fund offers direct spot Solana exposure with all assets staked in-house, aiming to deliver a full staking yield of approximately staking yield—approximately 7%.
- Solana’s price declined by 3.1% on the day, trading at $194.
The Bitwise Solana ETF BSOL has made a strong market entry with substantial inflows, highlighting investor interest despite Solana’s recent price decline. The fund’s low fees and direct staking approach offer attractive benefits compared to its competitors.
Source:Decrypt
