Day: June 28, 2024

BREAKING: 21Shares Joins Race To Launch Spot Solana ETF

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In a significant development for the cryptocurrency industry, investment firm 21Shares filed an S-1 registration form for a Spot Solana ETF with the US Securities and Exchange Commission (SEC) on Friday.  The 21Shares application follows a similar filing by Bitcoin ETF issuer and asset manager VanEck on Thursday, indicating a growing interest in Solana as a potential competitor to the anticipated Ethereum ETF market, which is expected to begin trading in July. 21Shares Introduces Core Solana ETF The 21Shares Core Solana ETF, as described in the filing, is designed to…

Solana Poised For Epic Reversal? Analyst Spots Bullish Pattern

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Solana (SOL), a cryptocurrency renowned for its fast transaction speeds, might be on the verge of a significant comeback. Technical analysts are drawing parallels between the current price chart and a previous pattern that preceded a substantial price surge in 2022, sparking optimism for a bullish reversal. Related Reading Solana: Chart Pattern Suggests Possible Rebound The buzz among analysts centers around a descending triangle pattern visible on SOL’s current chart. This pattern, often observed during a consolidation phase after a downtrend, typically indicates a continuation of the decline. However, when…

Investment Giant VanEck Files for Solana Exchange-Traded Fund, Triggering Modest Price Jump for SOL

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Investment giant VanEck is seeking approval for a spot Solana (SOL) exchange-traded fund (ETF), according to a new filing with the U.S. Securities and Exchange Commission (SEC). The company submitted an S-1 registration statement to the securities regulator on Thursday related to the SOL ETF, which would be called the VanEck Solana Trust. VanEck, who is the first company in the United States to file for an SOL ETF, says it would be listed on the Cboe BZX Exchange if ultimately approved by the SEC. After the filing, Solana’s price…

Solana (SOL) ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto

“Given that CME-traded solana futures don’t currently exist, it seems the only viable path for spot solana ETF approval would be the implementation of a legitimate crypto regulatory framework that clearly defines which crypto assets are securities versus commodities – or for the SEC to agree with solana being designated as a non-security commodity,” said Nate Geraci, president of the ETF Store, an investment advisory firm. Source

Bitcoin Mining Firm Bitdeer Partners With Ohio Port Authority for 570 MW Expansion

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Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW). Bitdeer Expands Power Capacity With New Partnership in Ohio Bitdeer, a Nasdaq-listed company, has leased land at the Hannibal Industrial […] Original

Bitcoin price may not rise that ‘dramatically,’ Peter Thiel says

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Billionaire enterpeneur Peter Thiel says he still holds Bitcoin (BTC) and continues to support for the benchmark cryptocurrency. .Thiel has something else to say about Bitcoin – specifically about its price. The entrepreneur and founder of venture capital firm Founders Fund says that the price of Bitcoin may not rise as “dramatically” as many hope. Thiel shared this view during an interview at the Aspen Ideas Festival in Colorado on Thursday. Peter Thiel still holds Bitcoin During the interview, in which Thiel commented about Nvidia, TikTok and the upcoming US…

US Spot Bitcoin ETFs Draw $11.8M Thursday, Bitwise’s BITB Led the Pack With $8M

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $11.8 million on Thursday, marking the third consecutive day of inflows. Bitwise’s BITB fund topped the list, bringing in $8 million during the trading sessions. Demand for Bitcoin ETFs Continues Since Jan. 11, 2024, the 11 spot bitcoin ETFs have accumulated $14.45 billion in total net inflows, including […] Source CryptoX Portal