Grayscale Investments has launched its staking-enabled Solana ETF on NYSE Arca, backed by $103 million in seed capital, and is now the second Solana ETP manager in the US. Cryptocurrency asset manager Grayscale Investments has launched its staking-enabled Solana spot exchange-traded fund (ETF), expanding institutional access to Solana exposure. According to a Wednesday announcement, the Grayscale Solana Trust ETF began trading under the GSOL ticker on the New York Stock Exchange Arca platform. The product includes staking functionality, allowing investors to earn rewards through Solana’s proof-of-stake (PoS) network. Grayscale’s senior vice president of ETFs, Inkoo Kang, said the new product is “expanding investor choice.” The company said it is now among the largest Solana (SOL) exchange-traded product (ETP) managers in the United States by assets under management. Read more
Binance integrates Bubblemaps’ blockchain data tools into its Web3 Wallet, giving users more transparency into token distribution and potential insider trading activity. Crypto exchange Binance is partnering with blockchain data platform Bubblemaps to give users of its non-custodial Web3 Wallet more insight into potential insider trading and token manipulation. The integration will allow millions of Binance Web3 Wallet users to utilize Bubblemaps’ blockchain data visualization tool to view token distribution and onchain wallet clusters, aiming to add “layers of transparency” to the Binance experience, according to a Wednesday announcement shared with Cointelegraph. Binance aims to help traders identify insider trading activity or other coordinated market behavior by analyzing a token’s distribution pattern. Read more
Bitcoin diverged from US stocks to give up $116,000 local highs while the S&P 500 reached record levels into the Fed interest-rate decision. Key points: Bitcoin struggles to return to its range highs after its latest sell-off. BTC price targets for the new “volatile retest” focus on $111,000 and a $114,500 weekly close. Read more