It started to be traded for the first time in the USA Rex-osprey solana + stinging ETFOn the opening day, it reached a volume of $ 33 million. Bloomberg ETF analyst Eric Balchunas, the performance of the XRP futures opened to operations at the beginning of the year left behind reported. With this Solana The request for this new ETF is Spot Bitcoin $109,658.18 and Ethereum 
$2,585.66 The first day of the ETFs, respectively, $ 4.6 billion and $ 1 billion recorded as well as the records were far behind.
Solana ETF saw $ 33 million on the first trading day
Rex-Oosprey ETF, which provides passive access to investors and stinging awards, reached a transaction volume of $ 33 million on the first trading day listed on the US stock exchanges. This volume overshaded the debut performance of the XRP futures ETFs as well as the solea futures ETF, which was released during the year. Liquid of short -term investors LEFT The choice of coin investment was the main factor that carries the volume up.
ETFUnlike traditional Spot Instruments, the component of the “Stinging” of the ‘Stinging ”offers a prize return potential. According to analysts, fund managers looking for interest rates with this structure and investors who want to benefit from the day -day price movements met on the same ground. However, the depth of the ETF is still limited. Liquidity providers gradually open positions to increase the volume.
Request abyss against Bitcoin and Ethereum
On the other hand, spot introduced on 11 January 2024 Bitcoin ETFHe closed his first trading day with 4.6 billion dollars, Spot Ethereum ETFThey saw $ 1 billion. These huge figures show that the opening volume of the solana ETF is still addressing a limited investor group. Observer Blue Chip of Main Stream Funds crypto currencyIt shows priority to the lar as the main reason for this imbalance in the capital structure.
Nevertheless XRP The fact that futures leaving the beginning of the start of the ETFs proves that corporate acceptance is much higher in Solana. Balchunas underlined that the volume difference depends on the market value, regulatory clarity and the maturity of the investor profile. For Solana, the next important threshold will be to withdraw the daily volume of the daily volume with permanent capital inflow.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
