Solana ETFs Just Set a New Record With $188 Million in Weekly Inflows. Here's Why I'm Bullish on Solana for 2027.
With investors nibbling at Solana ETFs, the Bitwise Solana Staking ETF could be a fund to consider heading into 2027.
Overview
As of Wednesday, Oct. 7, which was a rough day for the cryptocurrency complex notwithstanding, Solana (CRYPTO: SOL) has been on a tear of late.
Even with the Oct. 7 pullback, the Bitwise Solana Staking ETF (NYSEMKT: BSOL), the largest exchange-traded fund (ETF) dedicated to the seventh-largest digital currency by market cap, is up 49.3% over the past 90 days. It's no wonder investors are enthusiastic about this $1.3 billion ETF, which offers a net staking reward rate of 5.4%.
Solana could be a crypto star in 2027. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- Prediction: This Is How Much Micron Stock Will Be Worth By the End of 2027
- AbbVie's Dividend Yield Is at Its Lowest Level Since 2018. Here's Why the Stock Is Still a Great Pick for Income Investors Anyway.
- Stocks Are Expensive and Investors Are Getting Scared. Warren Buffett's 13-Word Rule Has Specific Advice for Both Conditions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.