🟣The SEC’s approval of the first spot Solana-based ETF — the Bitwise Solana Staking ETF (BSOL) — marks a turning point for the altcoin market. On its first trading day, BSOL saw impressive performance, with trading volumes hitting $56 million and total assets under management nearing $290 million. Analysts at Bitget compared the event to the launch of the first Bitcoin ETF, noting that institutional interest in Solana is now rising sharply.
🟣The debut of BSOL paves the way for further sector growth. With attractive staking yields, high network throughput, and the upcoming Grayscale Solana Trust ETF, Solana is cementing its position as one of the core digital assets of the new institutional cycle.