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Solana Underperforms Ethereum as SOL ETF Commences Trading

DeFi News
Less than a week after Bloomberg ETF analyst Eric Balchunas reported that a Solana Staking ETF could launch soon, REX Shares’ Solana ETF went live today. However, SOL is underperforming ETH, despite decent trading volume on the ETF’s launch.
SOL is up 4% today; however, ETH is leading all major tokens today and is up 6.9%, nearly reclaiming the $2,700 mark.
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