Crypto Firms Eye Public Markets While Solana ETF Witnesses Soaring Demand
Crypto Firms Eye Public Markets While Solana ETF Witnesses Soaring Demand
In recent developments within the crypto market, Consensys, the company behind MetaMask, is reportedly pursuing an initial public offering (IPO) with the involvement of financial giants JPMorgan and Goldman Sachs. Simultaneously, the Bitwise Solana Staking ETF has shown exceptional market performance, registering a remarkable $56 million in day-one volume—the highest among almost 850 ETF launches this year—and subsequently surpassing $70 million in volume on its second day.
Crypto Firms Eye Public Markets While Solana ETF Shines
Consensys, known as the parent company of the widely-used crypto wallet MetaMask, is reportedly pursuing an initial public offering (IPO), looking to follow in the footsteps of other significant crypto firms like Circle and Bullish. This strategic move signals a growing trend of crypto companies seeking to go public, potentially with the backing of major financial institutions such as JPMorgan and Goldman Sachs, according to Axios.
Meanwhile, the Solana ecosystem is experiencing a surge in institutional interest. The Bitwise Solana Staking ETF has garnered significant attention, crossing an impressive $70 million in volume on its second day of trading. Its debut saw a substantial $56 million in day-one volume, making it the highest among nearly 850 ETF launches recorded this year, underscoring robust investor demand for Solana-related investment products.