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
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
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
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
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,
Big things have happened in 2024 in the world of cryptocurrency. Bitcoin (BTC), Ethereum (ETH), and Cosmic Kittens (CKIT) could still reach new heights in terms of their prices. Let’s take a closer look at what’s in store for these digital assets and how they might change the world of
The focus on the crypto market currently shifted towards anticipation surrounding spot Ethereum ETFs. Analysts predict initial inflows of up to $15 billion, sparking interest and speculation across the market. But the market has been fluctuating, with Ethereum experiencing a significant sell-off on Monday followed by a swift recovery on
In tandem with the crypto market decline, the sales volume of non-fungible tokens (NFTs) fell by 45 percent from the previous quarter. NFT sales continued their increasing trend from the fourth quarter of 2023, reaching $4.1 billion in the first quarter of 2024, according to statistics from CryptoSlam. The volume
In the past month, Bitcoin’s price momentum has been fluctuating between $71K and $59K. It is not potentially on the uptrend but has experienced a slight increase of 0.18% within the last 24 hours. BTC’s price was struggling to break the $65K level for a long time. At press time,
US-based leading investment firm and ETF issuer VanEck made an announcement to waive fees for spot ETH ETFs in the initial trading phase. The firm stated that it would not charge fees until an unspecified time in 2025. VanEck was one of the eight issuers approved by the SEC in
