Big banks once shunned cryptocurrencies as too wild for their polished portfolios.
These S-1 forms with the SEC mark a turning point. They let everyday investors buy digital assets, including the Solana ETF, through familiar stock-like products.
The Bitcoin Trust holds spot BTC directly, mirroring its market price for simple exposure. The Solana Trust goes further, allocating part of holdings to staking, where users lock tokens to secure the network and earn rewards, much like interest on a savings account. Sponsor Morgan Stanley Investment Management oversees both, building on the firm’s recent green light for advisors to pitch spot Bitcoin and Ethereum ETFs to clients.
Picture a retiree in Chicago dipping toes into crypto without downloading wallets or fretting hacks. That’s the pitch: regulated access via brokerage accounts. Recent trends like spot Bitcoin ETFs pulling $1.16 billion in two days show hunger for such ease. Solana’s appeal shines here, boasting 65,000 transactions per second versus Bitcoin’s seven, fueling DeFi apps and NFTs
Solana spot ETFs recorded a robust $16.8 million in net inflows yesterday, their largest single-day gain over the past 20 days. Unlike slower networks, Solana’s appeal lies in low fees and high throughput, drawing both retail traders and institutions seeking yield through staking rewards baked into these funds.
Yesterday’s volume dwarfs recent averages of $2-5 million daily, reflecting broader market optimism after Bitcoin’s rally and regulatory nods like Morgan Stanley’s fresh ETF filings. With total Solana ETF AUM already topping $1 billion across products like Bitwise’s $BSOL, this inflow hints at accelerating adoption.
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U.S. spot Bitcoin ETFs attracted $986.9 million last week, extending their positive streak to three weeks as institutional demand recovered and BTC held near $80,000.
BTCBREAKING: @MorganStanley filed its first crypto ETFs ever: a Bitcoin ETF and a Solana ETF 🔥
🚨JUST IN: @Solana spot ETFs recorded $16.8M in net inflows yesterday, the largest single day inflow seen over the past 20 days.
