Solana spot inflows have hit a six-month low of $180 million following its recent decline to $185, despite having seen two SOL ETFs debut on the U.S market this week. Summary Solana’s spot inflows have dropped to a six-month low as investor interest in newly launched SOL ETFs fades, leading to weakened liquidity and rising…
Bitwise’s chief investment officer Matt Hougan is betting big on Solana, noting that it could mirror Bitcoin’s early growth. Summary Bitwise CIO Matt Hougan has outlined why he’s bullish on Solana, comparing it to Bitcoin’s early growth narrative. He explained that the best crypto investments offer “two ways to win,” through both market growth and…
Crypto market maker and trading platform Jump Crypto has swapped about $205 million in Solana for Bitcoin, onchain data shows. Summary Jump Crypto transferred 1.1 million Solana tokens valued at $205 million at the time to Galaxy Digital. The firm swapped that for 2,455 Bitcoin valued at around $265 million. Solana price dropped to lows…
One of Solana’s leading trading platforms is taking a new step that could reshape how tokens are launched across the network. Summary HumidiFi DEX will debut its WET token on Jupiter’s DTF ICO platform. The Solana-based DEX processes up to 40% of network DEX volume. DTF grants JUP stakers exclusive access and introduces a controlled token sale format. HumidiFi, a leading decentralized…
Grayscale Solana ETF intends to pass on 77% of net staking rewards, directly accruing that value into the product’s net asset value for investors. Summary Grayscale uplists its Solana product to NYSE Arca as the firm’s first ETF with staking exposure GSOL aims to pass 77% of net staking rewards into NAV and launched with…
Solana price is hovering under resistance as investors look for the next catalyst in a week dominated by ETF headlines and broader market turbulence. Summary Solana price is trading around $194, down 4.3% on the day but still up 5.1% for the week, as ETF buzz keeps investor attention high despite market turbulence. New spot…
The first U.S Solana spot ETF, Bitwise Solana ETF, has seen its net inflows surge to $69.45 million on its first day, beating out other altcoin ETFs which saw no inflows. Summary The Bitwise Solana ETF (BSOL) made a strong market debut with $69.45 million in first-day inflows, pushing its total assets to $288.92 million…
Western Union is tapping the Solana blockchain to serve as the core rails for its USDPT stablecoin network. The move signals a major enterprise validation of the network’s capacity and reliability. Summary Western Union plans to launch USDPT, a stablecoin issued on Solana with Anchorage Digital Bank. The rollout includes a Digital Asset Network to…
Solana ETF preparations are now entering final stages after the NYSE certified Bitwise’s staking product for listing. The formal listing notice signals that all exchange-level requirements are now met, pending a final operational launch. Summary NYSE approved Bitwise Solana Staking ETF, clearing a key listing step. The fund could launch as soon as October 28…
Reliance Global Group has added Solana to its digital asset portfolio, a move that sees the Nasdaq-listed company now boast treasury holdings with five of the top ten cryptocurrencies today. Summary Nasdaq-listed Reliance Global Group has added Solana to its corporate treasury strategy. Reliance now boasts a diversified crypto treasury portfolio that includes Bitcoin, Ethereum,…
