Solana (SOL) eyes explosive 400% growth in weekly fund flows amid Solana ETF hype
Solana , a popular alternative cryptocurrency and arguably one of the most hyped digital assets of the year alongside , investment products that allow exposure to the SOL token saw a 400% increase over the course of the week, totaling $2.4 million.Vitalik Buterin Unveils 4 Major Milestones for EthereumThe gain adds to the total inflows into Solana ETPs, which have reached $58 million year-to-date.
What may change this perspective is the Solana ETF solution, which is heating up as the year draws to a close, with applications for such an investment vehicle already being made by the likes of Bitwise and VanEck. The launch of the ETF could provide greater opportunities to the market and promote such investment products, paving the way for Solana to access larger pools, audiences and liquidity. As the inflows show, the demand is there.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Limited-Edition $DOG Plushies to Launch on October 19, 2024, Bridging Digital and Physical Collectibles
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Solana cryptocurrency could rally 400% if Trump wins election, Standard Chartered saysSolana could outperform ether and bitcoin in a big way if former President Donald Trump wins the U.S. election, according to Standard Chartered.
Lire la suite »
XRP ETF Approval Is Matter of When, Not If: President of ETF StoreXRP ETF is inevitable, says ETF Store president, but there's a catch
Lire la suite »
Grayscale Looks to Turn Multi-Token Fund Into ETFHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Lire la suite »
Dimensional Fund Advisors Actively Manages Small-Cap ETF To Avoid UnderperformersDimensional Fund Advisors is taking an active approach to managing its Dimensional U.S. Small Cap ETF (DFSC) by shedding underperforming small-cap stocks that are weighing down the index.
Lire la suite »
Ombersley man completes 400-mile charity mental health walkMark Phillips, from Ombersley, says he struggled mentally after his business collapsed.
Lire la suite »
How to watch the NASCAR Cup Series South Point 400: FREE live stream, time, channelsA win by any of the playoff drivers at Las Vegas on Sunday, or the next two weeks at Homestead-Miami Speedway or in Martinsville, Virginia, will earn an automatic berth in the finale.
Lire la suite »