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Tokenized crypto ETFs on Solana
| Rank | Tokenized by | Trading hours | Buy | ||||
|---|---|---|---|---|---|---|---|
| 1 | iShares Ethereum Trust ETF | $43.52 | 4.04% | Ondo | US market hours | — | |
| 2 | iShares Bitcoin Trust ETF | $38.803 | 4.30% | Ondo | US market hours | — | |
| 3 | Fidelity Solana Fund | $9.411 | 2.22% | Ondo | US market hours | — |
Tokens tracking spot crypto funds, priced from on-chain trading on Solana.
Tokenized crypto ETF prices
Tokenized crypto ETFs are tokens that track exchange-traded funds holding spot bitcoin, ether, or SOL. An issuer holds the fund shares and issues tokens on Solana, so the token follows the fund's share price. It's a fund wrapper around assets that already trade on-chain, which makes it a narrower choice than holding the coins directly.
Why hold a fund token instead of the coin?
On most platforms, a crypto ETF exists to give brokerage customers access to a coin. In a Solana wallet, that access problem mostly doesn't exist: you can hold SOL directly, and bitcoin and ether are available on Solana in wrapped form. If what you want is the coin, holding the coin is simpler.
A fund token makes sense when you specifically want the fund's exposure, such as its custody arrangement, its structure, or a price that tracks the regulated fund. That's a real reason for some people, but it's a narrower one than the headline suggests.
How a crypto fund token can differ from the coin
The fund charges an annual fee, which slowly pulls its value below the coin it holds. The fund also trades only during US market hours, while the coin trades around the clock, so over nights and weekends the coin can move a long way while the fund's last price stands still.
The token adds its own layer on top. Its on-chain price comes from whoever trades it, and on a thin token that price can sit away from both the fund and the coin.
Tokenized crypto ETFs FAQ
What is a tokenized crypto ETF?
Coins or fund tokens, in one wallet
Hold SOL, wrapped bitcoin and ether, and tokenized crypto funds side by side in Solflare, and swap between them on Solana.
Crypto prices are highly volatile and can fall sharply. Tokenized crypto ETFs are issued by third parties and give price exposure to a fund rather than fund shares, shareholder rights, or a claim on the fund's coins; redemption terms are set by the issuer. The fund's fees and trading hours mean the token can differ from the coin's price. Liquidity can be thin. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody these tokens. Nothing here is financial advice.