Solana Just Solved Its Biggest Data Problem, Says Helius CEO

Grayscale Solana ETF brings staking exposure to NYSE Arca

Crypto Newsan hour ago

PositiveCryptocurrency

Grayscale Investments has launched the Grayscale Solana ETF on NYSE Arca, which aims to pass on 77% of net staking rewards to investors. This initiative is significant as it allows investors to gain exposure to staking rewards directly, enhancing the product's net asset value. With the growing interest in cryptocurrency investments, this ETF could attract more investors looking for innovative ways to engage with the digital asset market.

Solana price stalls under $200 despite ETF buzz, can it breakout?

Crypto News3 hours ago

NeutralCryptocurrency

Solana's price is currently stuck below the $200 mark, trading at $194.22 after a 4.33% drop today, even as ETF discussions dominate the market. This situation highlights the uncertainty investors face as they await a new catalyst to drive prices higher. Understanding Solana's performance in this context is crucial for those looking to navigate the volatile cryptocurrency landscape.

Crypto ETP season? Safello, Deutsche Bank to launch first TAO ETP on SIX Swiss Exchange

Cointelegraph4 hours ago

PositiveCryptocurrency

Safello and Deutsche Bank are set to launch the first TAO ETP on the SIX Swiss Exchange, marking a significant moment in the growing trend of crypto exchange-traded products. This development is part of a broader wave of crypto ETFs emerging globally, including new funds for Solana, Litecoin, and Hedera in markets like the US and Hong Kong. This matters because it reflects increasing institutional interest in cryptocurrencies and could pave the way for more mainstream adoption.

Bitwise Solana ETF records debut with $69.5M in inflows

via Cointelegraph

Crypto News4 hours ago

PositiveCryptocurrency

The Bitwise Solana ETF has made a remarkable debut, attracting $69.5 million in inflows on its first day, outpacing other altcoin ETFs that struggled to gain traction. This significant interest highlights the growing demand for Solana-based investments and showcases the potential of cryptocurrency ETFs in the U.S. market. As investors look for new opportunities, the success of this ETF could pave the way for more innovative financial products in the crypto space.

Solana Price Set For Double-Digit Rally Above $230: Analyst Reveals How To Spot Next Move

Bitcoinist4 hours ago

PositiveCryptocurrency

The recent recovery in the cryptocurrency market has sparked optimism for Solana, which briefly surged above $200 before facing some resistance. Despite the pullback, analysts remain bullish, suggesting that there are indicators to watch for a potential rally above $230. This is significant as it reflects the resilience of Solana amidst market fluctuations and could signal a strong buying opportunity for investors.

Bitwise CIO Predicts Solana Staking ETF Will Be ‘Huge’ As First Day Volume Hits $56M

NewsBTC6 hours ago

PositiveCryptocurrency

Bitwise Asset Manager's CIO, Matt Hougan, has high hopes for the newly launched Solana Staking ETF, predicting it will attract substantial institutional interest. The ETF's first day saw impressive trading volume of $56 million, indicating strong investor enthusiasm. This development is significant as it reflects growing confidence in cryptocurrency investments and could pave the way for more institutional participation in the crypto market.

Best Meme Coins to Buy as Bitwise Solana ETF Debuts with $69.5M Inflows

via NewsBTC

Bitcoinist7 hours ago

PositiveCryptocurrency

The debut of the Bitwise Solana ETF with an impressive $69.5 million in inflows marks a significant milestone in the cryptocurrency world, showcasing growing trust and accessibility in digital assets. This success not only highlights Solana's increasing prominence in mainstream finance but also sets the stage for potential gains in popular meme coins like $PEPENODE, $MAXI, and $USDUC, which could benefit from this momentum.

Why This Analyst Is More Bullish On XRP Over Ethereum For The Short-Term

Latest from Cryptocurrency

NewsBTCan hour ago

PositiveCryptocurrency

Technical analyst Charting Guy has recently expressed a bullish outlook on XRP compared to Ethereum, highlighting a potential short-term advantage for XRP. His analysis, shared on social media, points to a bullish divergence in the XRP/ETH weekly chart that hasn't been seen since mid-2024. This shift in momentum could indicate a favorable price movement for XRP, making it an exciting development for investors and traders in the cryptocurrency market.

Bitcoin price hit $116k but warning signs suggest a bull trap in play

via NewsBTC

Crypto Newsan hour ago

NeutralCryptocurrency

Bitcoin's price has recently reached $116,000, a significant milestone that has traders excited. However, experts are cautioning that this surge could be a bull trap, as there are signs of resistance and potential loss of momentum. This situation is crucial for investors to watch, as it could indicate whether Bitcoin will continue to rise or face a downturn.

Crypto Briefingan hour ago

Taurus expands to US with new New York office

PositiveCryptocurrency

Taurus's recent expansion into the US with a new office in New York marks a significant step in the growth of the digital asset and crypto industry. This move not only underscores New York's emerging role as a key hub for innovation in this sector but also reflects the increasing interest and investment in cryptocurrency. As Taurus establishes its presence in such a vibrant market, it could lead to more opportunities for collaboration and development in the digital finance space.

‘Don’t buy the meme,’ warns CZ, as bizarre golden statue memecoin crashes 86%

via Crypto Briefing

Cointelegraphan hour ago

NegativeCryptocurrency

Binance founder Changpeng Zhao has issued a stark warning to investors regarding a new CZ-themed memecoin, which saw its value plummet by 86% shortly after its launch. This dramatic crash highlights the volatility and risks associated with meme-based cryptocurrencies, urging potential buyers to exercise caution. Zhao's advice serves as a reminder of the unpredictable nature of the crypto market, especially for speculative assets.

Solana Lands Major Win As Western Union Goes Crypto

via Cointelegraph

Bitcoinistan hour ago

PositiveCryptocurrency

DeFi needs smarter wallets to prevent overnight losses

Cointelegraphan hour ago

PositiveCryptocurrency

The article highlights the urgent need for smarter wallets in the decentralized finance (DeFi) sector to protect users from overnight losses. With crypto markets operating 24/7, relying on manual vigilance is no longer sufficient. Automated wallet protections can help prevent passive vaults from exposing users to the risk of liquidations while they sleep. This innovation is crucial for enhancing security and trust in the DeFi ecosystem, making it safer for investors.