Do ETFs risk centralizing Solana, and who actually gets the yield?
Solana spent years constructing a staking tradition wherein over two-thirds of the circulating provide is delegated to validators, incomes roughly 6% yearly from inflation and charges. Non-staking Solana ETFs would possibly simply change this dynamic. Now that reflexive on-chain participation faces a brand new competitor: exchange-traded funds that both can’t or is not going to…
