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Search Results for: etfs

Investors Pull $60M from Ether Products Amid Shifting Market Trends

According to a Monday report by crypto firm CoinShares, professional investors pulled out more than $120 million from exchange-traded instruments that tracked ether (ETH) over the previous two weeks. Over the last two weeks, the products have had net outflows of $60 million each week. Which is the highest level

July 2, 2024 1 min read

Solana Nears $150 Amid Positive Investor Sentiment and ETF Buzz

Compared to the previous quarter, Solana’s liquid staking rate increased by 1.76%. The amount of cryptocurrency staked on liquid staking platforms exceeds $54 billion, as reported by DefiLlama. Users may earn additional profits and keep liquidity with a derivative token for DeFi using liquid staking, which is different from regular

July 2, 2024 2 mins read

Bitcoin (BTC) Shoots 5% Rally, a Sign of Rebound?

Bitcoin (BTC) has displayed a significant surge, gaining over $3,000 in the past 24 hours and climbing to a high of $63,787. This increase comes as the weekend ends with higher trading volume and activity in the new week.  The price of Bitcoin has stabilized above the $63,000 mark, setting

July 1, 2024 2 mins read

21Shares Applies for Spot Solana ETF in the US Following VanEck’s Lead

21Shares, an asset management business located in Switzerland, has applied to launch a Solana ETF in the US. Subsequent to the pioneering action by big competitor VanEck, this filing arrives right after. The application is based on the idea that Solana does not qualify as a security in the United

June 29, 2024 2 mins read

Will Bitcoin Bulls Gain Momentum Amidst Market Recovery?

While the global crypto market is showing some positive trends, attention has turned towards Bitcoin (BTC) as it navigates through mixed pressures. Following the release of US economic data, Bitcoin has shown a moderate upward trend despite fluctuations, climbing around $62,293 from a 24-hour low of $61,097. At the time

June 28, 2024 2 mins read

Solana ETF Filing Linked to BOME Memecoin Price Surge?

The crypto market has faced significant challenges over the past month amid a bearish trend, with many tokens reaching new lows. However, there’s been recent optimism as prices begin to rebound. Notably, Solana meme coins have surged in the last 24 hours, driven by recent news of investment firm VanEck

June 28, 2024 1 min read

21Shares Confirms its Spot ETH ETF Stance Through Form 8-A Filings

Asset manager 21Shares filed the 8-A form with the SEC for its spot Ethereum ETFs, becoming the second firm in the market following VanEck.The past few days have witnessed an increased scrutiny on altcoin exchange-traded funds with multiple firms making crucial announcements.  Initially, 21Shares partnered with Cathie Wood-led ARK Invest

June 28, 2024 2 mins read

SOL Price Shows Recovery Signs Amid Spot Solana ETF Discussions

US-based asset manager VanEck, in an interesting turn of events, filed an application for spot Solana ETF, fueling a price pump in the altcoin. After witnessing a rough monthly performance, Solana price has begun to show signs of price recovery in the last few days.  In the last 24 hours,

June 28, 2024 2 mins read