Solana staking ETFs are ‚missing part of puzzle‘: Bitwise CIO
Bitwise’s Chief Investment Officer Matt Hougan says Solana’s staking ETFs yield generation is a significant drawcard for institutional investors.
Solana staking exchange-traded funds have a promising future on traditional stock exchanges after Bitwise’s fund debut on the New York Stock Exchange surpassed $56 million in first-day trading volume.
Matt Hougan, Bitwise chief investment officer, described the Bitwise Solana Staking ETF (BSOL) as “the missing part of the puzzle” in conversation with Cointelegraph’s Chain Reaction daily show, as the product attracted millions of dollars in investment on the NYSE.
Hougan said the product also helps decentralize and secure the Solana network. The $BSOL ETF launched $222 million in assets, amounting to over 1.1 million SOL tokens.