Solana & Ether Staking ETF by REX Shares Ignites Ethereum ETF Inflows

4 Min Read

Quick Summary:

  • REX Shares files for Solana and Ether Staking ETFs, creating excitement in the crypto ETF space.
  • Ethereum ETFs record 10 straight days of inflows despite a 4% drop in ETH price.
  • BlackRock’s iShares Ethereum Trust (ETHA) leads the ETF market with $70.2M net inflows.
  • BTC ETFs see $358.6M in outflows, while Ether staking ETFs gain traction.
  • Coinglass reports weekly gains in Ether ETF prices, led by ETHA with 5.44%.
  • In-kind redemption added by BlackRock in their S-1 amendment boosts ETF performance.
  • Analysts predict Ether staking ETFs may launch in coming weeks.
  • ETH spot price trades at $2,517, impacted by broader Bitcoin decline.

Why the REX Shares Solana & Ether Staking ETF Matters

The crypto ETF space is buzzing with activity following REX Shares’ groundbreaking filing for Solana and Ether staking ETFs. This move has not only sparked widespread institutional interest but has also ignited a wave of fund inflows into Ethereum ETFs.

ETF analyst James Seyffart anticipates that these new staking products could launch in the next few weeks, opening up a novel path for crypto ETF investors.


Ethereum ETFs on a Winning Streak

Despite Ethereum’s price slipping by 4%, Ethereum-based ETFs have shown remarkable resilience. In fact, Ether ETFs have seen net inflows for 10 consecutive days, marking a significant turnaround in investor sentiment.

According to SoSoValue, while BTC ETFs reported $358.6 million in outflows, Ethereum ETFs remained in the green.

Top Performer: BlackRock’s ETHA

BlackRock’s iShares Ethereum Trust (ETHA) is currently dominating the Ether ETF leaderboard with $70.2 million in net inflows just yesterday. Its recent S-1 filing amendment, which introduced in-kind redemption, has been pivotal to its performance surge.

As a result, Coinglass reports a 5.44% weekly gain for ETHA — more than any other major Ether ETF on the market.


ETH Price Lags Behind ETF Growth

Interestingly, while Ether ETFs are soaring, the spot market for ETH isn’t following suit. Ethereum is trading at $2,517, and has recorded a 4% daily drop. This is largely due to the limited trading volume of ETFs, which only represent about 1.5% of the daily ETH spot market.

Moreover, Bitcoin’s 2.28% dip in the last 24 hours continues to pull down the broader crypto market, including Ethereum and other altcoins.


Expert Insight: Institutional Optimism Is Rising

ETF expert James Seyffart notes that the REX Shares filing is expected to “attract more institutional interest” in crypto staking products. The anticipation of the first-of-its-kind Solana and Ether staking ETF is fueling this optimism, even as the spot prices remain volatile.


What’s Next?

With increasing institutional adoption, regulatory advancements, and continued innovation in ETF structures like in-kind redemptions and staking, Ethereum ETFs are set for a new growth phase. If approved, REX Shares’ staking ETF could potentially become a game changer in the crypto investment ecosystem.

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