No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Solana’s first ETF goes live as crypto analysts predict surge of new altcoin funds

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 2 mins read
A A
Solana’s first ETF goes live as crypto analysts predict surge of new altcoin funds
Share on FacebookShare on TwitterShare on LInkedIn



First Bitcoin, then Ethereum, and now Solana. The crypto industry is flooding traditional markets with assets pegged to cryptocurrencies that mom-and-pop investors can buy up from their brokerage accounts. On Wednesday morning, the first Solana exchange-traded fund, or ETF, went live on Cboe BZX, a stock exchange based in Chicago.

Dubbed the REX-Osprey SOL and Staking ETF, the fund is available to investors who want exposure to Solana, one of the top cryptocurrencies whose market capitalization is about $81 billion, according to data from Binance. In addition to tracking the price of Solana, the fund, managed jointly by REX Financial and its sister firm Osprey Funds, also pays holders a variable monthly dividend whose current rate is 7.3%

The price of Solana jumped 2% after markets opened Wednesday to now around $151. The ETF has seen inflows of about $20 million before midday, Greg King, founder and CEO of REX Financial, told Fortune.

When they were first launched, cryptocurrency ETFs seemed exotic to many retail investors, but the successive debut of a Bitcoin, Ethereum, and now a Solana fund suggest the products are gaining a broader appeal.

The ETFs also represent an entry point for new crypto investors at a time when brokerages like Vanguard don’t let their users plug into a crypto exchange and buy the newest, hottest token. The arrival of spot crypto ETFs, or traditional market wrappers around the current price of a cryptocurrency, allow traditional and institutional investors to allocate a portion of their portfolio to crypto.

For years, the Securities and Exchange Commission blocked the launch of spot Bitcoin ETFs in the U.S., even though similar products were available in Europe. The SEC worried that the crypto-tied assets would be prone to market manipulation. Grayscale, a crypto investment firm, battled the regulator in the courts, and, in October 2023, a judge said the SEC’s rejections of Grayscale’s application for a spot Bitcoin ETF were “arbitrary and capricious.”

In January 2024, a slew of spot Bitcoin ETFs went live, including an entry into the category from the asset management titan BlackRock. Since the launch of spot Bitcoin ETFs, almost $50 billion have poured into the investment products, according to data from SoSoValue.

In July 2024, BlackRock and other issuers launched ETFs for Ethereum, the second largest cryptocurrency by market capitalization. And then, other issuers filed ETF applications for a slew of other cryptocurrencies, including Solana.

“I frankly think it would have been more difficult with the previous administration,” said King, the CEO of REX Financial.

Now, amid a more friendly financial regime under President Donald Trump, analysts anticipate that the SEC will approve many of the applications to launch cryptocurrency-tied funds.

“We expect a wave of new ETFs in this second half of 2025,” James Seyffart, a research analyst at Bloomberg Intelligence, said on X. 



Source link

Tags: AltcoinanalystsCryptoETFFundslivePredictSolanassurge
ShareTweetShare
Previous Post

How is investment income taxed in Canada?

Next Post

India’s Licence Raj offers America important lessons

Related Posts

edit post
Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

by TheAdviserMagazine
October 24, 2025
0

Microsoft will not emulate the strategies of Elon Musk’s xAI or Sam Altman’s OpenAI in creating “simulated erotica” for its...

edit post
Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

by TheAdviserMagazine
October 24, 2025
0

IndusInd Bank's former deputy chief has deposited 50% of the alleged insider trading gains with India's markets regulator, BSE said...

edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

by TheAdviserMagazine
October 24, 2025
0

Harmony Gold Mining has completed the acquisition of MAC Copper, the proprietor of the high-grade CSA copper mine in New...

edit post
Trump shutting down trade talks with Canada could give Beijing another advantage

Trump shutting down trade talks with Canada could give Beijing another advantage

by TheAdviserMagazine
October 24, 2025
0

President Trump has terminated trade talks with Canada over an anti-tariffs ad featuring Ronald Reagan. If Canada’s Prime Minister Mark...

edit post
Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV

Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV

by TheAdviserMagazine
October 24, 2025
0

After six consecutive sessions of solid gains, the Nifty paused for breath on Friday, slipping below the 26,000 mark. While...

edit post
What to know about Ireland’s election as the country votes for a new president

What to know about Ireland’s election as the country votes for a new president

by TheAdviserMagazine
October 24, 2025
0

Voters in Ireland are going to the polls Friday to elect one of two women as their new president for...

Next Post
edit post
India’s Licence Raj offers America important lessons

India’s Licence Raj offers America important lessons

edit post
Have We Started Down the Slippery Slope to a Housing Crash?

Have We Started Down the Slippery Slope to a Housing Crash?

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Tokenized Money Market Funds: Cybersecurity Lessons from the Digital Cash Frontier

Tokenized Money Market Funds: Cybersecurity Lessons from the Digital Cash Frontier

0
edit post
Inflation rate hit 3%, lower than expected

Inflation rate hit 3%, lower than expected

0
edit post
Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

0
edit post
New Bitcoin Improvement Proposal Aims To Improve Privacy

New Bitcoin Improvement Proposal Aims To Improve Privacy

0
edit post
Who you gonna trust: Barry Ritholtz or Jim Cramer?

Who you gonna trust: Barry Ritholtz or Jim Cramer?

0
edit post
Data Blackout Leaves Fed Guessing Ahead of Rate Decision

Data Blackout Leaves Fed Guessing Ahead of Rate Decision

0
edit post
Inflation rate hit 3%, lower than expected

Inflation rate hit 3%, lower than expected

October 24, 2025
edit post
Data Blackout Leaves Fed Guessing Ahead of Rate Decision

Data Blackout Leaves Fed Guessing Ahead of Rate Decision

October 24, 2025
edit post
Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

October 24, 2025
edit post
New Bitcoin Improvement Proposal Aims To Improve Privacy

New Bitcoin Improvement Proposal Aims To Improve Privacy

October 24, 2025
edit post
Bitcoin: 2,000 Level Emerges as Key Resistance for Next Leg Higher

Bitcoin: $112,000 Level Emerges as Key Resistance for Next Leg Higher

October 24, 2025
edit post
Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Inflation rate hit 3%, lower than expected
  • Data Blackout Leaves Fed Guessing Ahead of Rate Decision
  • Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.