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How high can SOL’s price go as the first Solana ETF goes live?
Solana’s native token, SOL , traded at $203 on Tuesday, up 14% from its local low of $177 reached on Wednesday. This recovery was fueled by growing excitement around the launch of the first Solana ETF in the US today. The Bitwise Solana Staking exchange-traded fund (ETF) was set to debut on the New York Stock Exchange on Tuesday under the ticker symbol BSOL. This marked the first US spot Solana ETF with 100% direct exposure to SOL, including built-in staking for about 7% annual yields from network rewards. Bloomberg ETF analyst Eric Balchunas confirmed NYSE listing notices, adding that Grayscale's Solana Trust ... (full story)
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