Vanguard Launches Solana ETF, Drives $45.7M Inflows

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Based on 528btc, Vanguard has launched a Solana ETF, leading to a $45.7 million inflow in a single day. This marks a significant shift for the asset manager, which has removed its platform-wide ban on cryptocurrency. The ETF, which tracks the price of $SOL, is now available to approximately 50 million clients. Vanguard's move coincides with a broader market rally, including a Bitcoin price rebound to $93,000 and the liquidation of $400 million in short positions. Bitwise's $BSOL led the inflows with $29.4 million, while Franklin Templeton's $SOEZ also launched with a competitive fee of 0.19%.

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