New Solana ETF could pave the way for wider adoption of niche cryptos

New ETF offers U.S. investors exposure to Solana

A new investment vehicle giving traditional investors access to Solana—a major cryptocurrency—began trading Wednesday on the Cboe BZX Exchange:

• REX-Osprey Solana + Staking ETF is the first US ETF to directly invest in Solana, the world’s sixth-largest crypto by market cap.

The launch marks a step forward in bringing smaller digital assets into the mainstream, allowing investors to gain exposure through regular brokerage accounts without directly holding the token.

Analysts say the ETF could pave the way for similar products tied to lesser-known cryptocurrencies, but warn of limited demand and potential closures if volume doesn’t hold up.

Info via Dow Jones / Market Watch

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BTC and ETH tend to get most of the attention. This article was written by Eamonn Sheridan at www.forexlive.com.