Key Takeaways
What does the launch of TSOL signal for Solana’s market presence?
TSOL’s debut marks a major milestone, boosting institutional interest and expanding Solana’s ETF footprint.
How has Solana’s price and Open Interest responded to recent ETF activity?
SOL’s Open Interest surged 5.28% to $3.2 billion, with price action reflecting strong bullish momentum.
Solana [SOL] ETFs are gaining traction among institutional investors.
In the U.S. market, Solana Spot ETFs continue to attract fresh capital, with listed funds seeing steady inflows over the past few days.
Meanwhile, new Solana spot ETFs are still entering the scene; most recently, 21Shares’s TSOL became effective, adding to the growing lineup.
Solana ETF inflows continue to gain momentum
Over the last week, the SOL ETFs have consistently posted positive flow activity.
Last recorded on the 20th of November, the daily inflows hit a record high of $55 million, with the Cumulative Total Net Inflow standing at $476 million, at press time.
Bitwise’s BSOL still commanded the lead with $35.87 million in inflows, followed by Grayscale’s GSOL with $12 million.
Source: SoSoValue
21Shares launches TSOL
In its latest announcement, 21Shares, one of the world’s leading issuers of crypto ETPs, launched its highly anticipated Solana ETF in the U.S.
This new fund complements the company’s European Solana ETP (ASOL), which is its largest offering in Europe, and underscores the growing adoption of cryptocurrency across the U.S. market.
Speaking on the matter, Federico Brokate, Global Head of Business Development at 21Shares, stated:
TSOL’s debut could mark a key milestone for Solana, as it comes with increased volatility and institutional interest.
Notably, recent Open Interest (OI) data shows SOL making strong gains.
In the past 24 hours alone, the token’s OI surged by 5.28%, reaching $3.20 billion at the time of writing.
Source: Coinalyze
Source: https://ambcrypto.com/inside-tsols-debut-as-solana-etfs-see-record-55m-daily-inflow/
