Solana ($SOL ) is an L1 blockchain network that has been operational since 2020. Supporting DeFi, memecoins, pilots with traditional payment systems, and more, Solana has emerged as one of the leading "alt-L1" networks by market capitalization.
The demand for access to this asset without the requirement to join the cryptocurrency ecosystem. The immediate success of the Bitcoin ETF product, which recorded an inflow of USD 12 billion in Q1 2024 (according to Investopedia), has led some to speculate about the possibility of a Solana spot ETF. However, it remains to be seen whether a Solana spot ETF will become a reality, and if so, whether the fund will be as successful as the $BTC spot ETF.
SOL and many other cryptocurrencies can be purchased, traded, and more on Binance.
