Over 80% of investors are betting on the approval of a Solana and Litecoin ETF in 2025, despite the latest delay from the SEC. The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June. The SEC pushed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator. The decision came the week after the SEC delayed its ruling on Canary Capital’s Litecoin (LTC) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post. Read more
SIPEX Company (stock symbol: SPX), one of the largest distributors of building materials and finishes in Romania, reported a turnover of RON66.5 million for the first quarter (Q1) of 2025, down 4% against the same period of 2024, as per the company's financial report for Q1/2025.
Banking giant UBS says its high-net-worth clients in Asia are pivoting from US dollar assets toward gold, crypto and Chinese markets. High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group. “Gold is getting very popular,” Amy Lo, the Swiss bank’s co-head of wealth management for Asia, said during Bloomberg’s New Voices event held in Hong Kong on May 13. She cited rising geopolitical uncertainty and persistent market volatility as primary factors behind the shift. Investors, traditionally concentrated in US-centric assets, are now seeking broader exposure across alternative asset classes, including crypto, commodities and other currencies. Read more
Alternative investment fund Transilvania Investments Alliance in the first three months of 2025 generated RON38.9 million net profit, up 133% from Q1/2024.