Solana
Why Solana is down 2.6% today
Analysis
Solana (SOL) fell 2.6% over the past 24 hours despite headlines that could support longer-term access and liquidity. ING’s move to open retail access to Solana ETPs for customers in Germany may not have translated into immediate spot buying, and the market still traded lower on the day.
Contributing Factors (3)
ING opens retail access to Bitcoin, Ethereum, Solana ETPs in Germany
Still, ING Deutschland noted that crypto ETPs carry significant risks and stated that crypto has no intrinsic value.
Germans can now buy bitcoin, ether, solana products directly from their ING accounts
These crypto products receive the same German tax treatment as directly held bitcoin.
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Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.