Solana ETFs pull $369M in November as investors look to productive yield assets
0
0
Solana ETFs have pulled in $369 million so far this month as investors appear to favor yield-bearing products, while Bitcoin and Ether ETFs faced billions in redemptions.
Despite steep redemptions from Bitcoin and Ethereum ETFs, Solana attracted $369 million of inflows this month as investors increasingly positioned SOL as a yield-generating asset.
According to Bohdan Opryshko, co-founder and chief operating officer of Everstake, both institutions and retail holders are “treating Solana as a yield-generating asset rather than a speculative trade.”
He told Cointelegraph that Solana’s native staking rewards of 5%–7% have created an appeal that Bitcoin (BTC) ETFs cannot match, and only a limited set of Ethereum products currently offer.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0