Key Notes Bloomberg analyst suggests SEC approval for REX Shares’ Solana Staking ETF could be imminent based on unusual correspondence speed. SOL breaks above falling wedge pattern resistance at $155, positioning for potential run toward $175 intermediate and $200 ultimate targets. Nearly 65% of SOL supply currently staked at 7.52% annual rewards, creating potential supply squeeze if ETF drives institutional deposits. Solana price rallied 16% in four days, nearing $160 on Monday as ETF approval speculation and bullish market momentum reignites institutional investor interest. US SEC on the Verge of…
Tag: Solana
First US Staked Crypto ETF Launches, Offering Solana and Yield
The first US staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana (SOL) and earn yield through staking. Two days after Cointelegraph reported that the REX-Osprey Solana and Staking ETF could launch imminently, issuer REX Shares confirmed on Monday that the fund is set to debut. As the name suggests, the REX-Osprey fund will give investors direct exposure to spot SOL along with staking income, potentially paving the way for broader institutional adoption of crypto. Source: REX Shares The launch follows REXโs updated prospectus and…
Solana Jumps Ahead of First SOL ETF Hitting the Market This Week
Solana jumped about 5% Monday morning amid rumors that a SOL Staking exchange-trade fund (ETF) by Rex Shares and Osprey Funds could start trading on the market as soon as Wednesday. The token later fell back slightly, now trading up about 2.3% over the past 24 hours at $157 at press time. A spokesperson for Osprey confirmed to CryptoX that the โfund will launch Wednesday,โ following a post on X by the automated headline account โUnfolded.โ Just last week, Rex filed a letter with the Securities and Exchange Commission (SEC)…
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Solana Forms Bullish Flag On Daily Chart โ Breakout Imminent?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana is displaying signs of strength as it trades with a key chart pattern, which indicates that the altcoin is preparing for a solid move. The price has been holding steady, forming lower highs and higher…
Tokenized Stock Trading Launches on Kraken, ByBit and Solana
More than 60 tokenized stocks are now available on crypto exchanges Kraken and Bybit, as well as on Solana-based decentralized finance (DeFi) platforms. In a Monday announcement from Backed Finance, the company said its tokenized stocks product, xStocks, launched, with over 60 stocks becoming available on Bybit, Kraken and and several Solana DeFi protocols, offering users exposure to traditional stocks via blockchain infrastructure. The stock selection is focused on blue-chip giants and crypto firms, emerging and established alike. Supported stocks include Netflix, Meta, Robinhood, Coinbase, Amazon, Nvidia, McDonaldโs, Apple, Tesla…
Bitcoin and Solana Drive $2.7B Inflows to Crypto Funds
Key Notes Bitcoin led crypto fund inflows with 83% share last week. Ethereum attracted $429 million in weekly inflows. Solanaโs inflows totaled $5.3 million for the week. CoinShares has released its โDigital Asset Fund Flows Weekly Report,โ which shows that inflows into crypto funds topped $2.7 billion this past week. This outlook is quite notable, considering that it is the 11th consecutive week of inflows. Interestingly, Bitcoin BTC $107 706 24h volatility: 0.5% Market cap: $2.14 T Vol. 24h: $17.89 B and Solana SOL $150.2 24h volatility: 0.7% Market cap:…
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Analyst Says Buying This Meme Coin Is A 3X Leveraged Play If Solana ETFs Go Live
As the crypto market looks toward a recovery and the likes of Solana make their way out of losses, a crypto trader has called out one meme coin that could be a great play as the SOL price recovers. The BONK meme coin, currently the largest meme coin in the Solana ecosystem and billed for triggering the revival of the blockchain, continues to receive a lot of support as a meme coin that could outperform as the market ushers in the next altcoin season. Solanaโs BONK Meme Coin Is The…
Solana ETF Set For ‘Imminent Launch,’ Analysts Say
ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC). โRex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,โ ETF analyst Eric Balchunas said in an X post on Friday. SEC โcomfortableโ with the unique ETF structure ETF Store president Nate Geraci said in an X post on the…