The 21shares Solana exchange-traded fund (TSOL) debuted with over $100 million in assets under management, signaling investor interest. Exchange-traded product (ETP) provider 21shares launched its Solana exchange-traded fund (ETF) on Wednesday, marking the fifth SOL (SOL) ETF offering in the US. The fund holds spot SOL and will stake its holdings to secure the blockchain network and reap rewards, according to an announcement from 21shares. Senior Bloomberg ETF analyst Eric Balchunas said: The Solana ETFs have now taken in $2 billion as a group, with inflows basically every day, not bad considering the 'extreme fear' right now,” he wrote. TSOL’s debut was accompanied by the launch of investment manager VanEck’s SOL ETF (VSOL) on Monday, which also features staking rewards. Read more
Bulls are struggling to hold Bitcoin price above $90,000, but BTC and altcoin charts suggest new yearly lows are the most likely outcome for cryptocurrencies in the short term. Key points: Bitcoin attempted a recovery on Tuesday, but the market open on Wednesday saw bears applying pressure at the intra-day range highs. Several altcoins are falling toward critical support levels, signaling that the bears remain in control. Read more
A new Bitcoin model shows long-term returns remain in the 300% range regardless of an investor’s entry price. Will shifting global liquidity change the outcome this time? Key takeaways: Power-law modeling shows Bitcoin generates strong long-term returns regardless of precise entry timing. Global liquidity sits far above prior-cycle levels, supporting a more favorable macroeconomic backdrop. Read more