CoinShares Files for Solana Staking ETF on Nasdaq

CoinShares Files for Solana Staking ETF on Nasdaq
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CoinShares has filed for a Solana Staking ETF on Nasdaq, joining major players like BlackRock and Fidelity in offering staking features. The move highlights growing institutional interest in crypto yield products, despite inherent risks like redemption delays.

  • Solana staking ETFs face a liquidity mismatch: unstaking takes 2-3 days vs. same-day ETF redemption requirements.
  • Early demand shows potential – Rex-Osprey's Solana ETF gathered $137M AUM despite Solana funds being just 8.7% of Ethereum ETF assets.
  • Analysts split on staking's impact: Morningstar doubts it will 'meaningfully change' demand, while DeFi execs call it a 'no-brainer' for yield-seeking institutions.
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