Grayscale's Solana ETF Sees $1.4 Million Inflow on Debut, Possibly Influenced by Powell's Hawkish Stance

Grayscale's physical Solana (SOL) exchange-traded fund, GSOL, began trading on the 29th, marking a net inflow of $1.4 million on its first day, according to data from Farside and So-So Value. This ETF has completed its conversion from a closed-end trust to a listed entity. The fee is set at 0.35%. Meanwhile, Bitwise's BSOL, which listed a day earlier, recorded a net inflow of $46.5 million on the 29th, following an impressive debut of $69.5 million on its first trading day, October 28th. This initial trading day saw the highest volume of the year for an ETF listing, with $57.9 million, and approximately $75 million on the second day...