The launch of Solana ETFs in the United States has triggered a fundamental transformation for the cryptocurrency, with Bybit analysts predicting SOL could enter a sustained multi-quarter rally as institutional access reshapes its market structure. Despite recent price volatility that saw SOL decline 20% weekly to four-month lows, the newly launched Bitwise Solana Staking ETF (BSOL) and Grayscale Solana Trust ETF (GSOL) have attracted over $300 million in inflows, signaling strong institutional demand that could redefine Solana’s position in the crypto hierarchy.
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0 in Finance and 0 in Crypto last weekHong Kong Approves First Spot Solana ETF
Hong Kong has approved its first spot Solana ETF, becoming the latest jurisdiction to embrace cryptocurrency investment products. The approval positions Hong Kong ahead of the United States in crypto ETF adoption while expanding its digital asset offerings beyond Bitcoin and Ethereum.
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