LST JitoSOL, a Solana-based liquid staking token has received backing from federally chartered Anchorage Digital bank. This integration makes JitoSOL the first Solana LST to be backed by a US federally chartered bank. The move is likely to increase institutional access to Solana’s decentralized finance (DeFi) ecosystem.In January 2021, Anchorage...
Bloomberg Intelligence analysts now say there’s a high probability that the U.S. Securities and Exchange Commission (SEC) approves exchange-traded funds (ETFs) for a whole range of altcoins. They hope to see this under completion by late 2025. Dogecoin, Cardano, Polkadot, Hedera, Avalanche—the list goes on. Analysts predict a 90% chance...
Bloomberg Intelligence analysts now see a high probability that exchange-traded funds (ETFs) get approved for multiple altcoins. They are counting on this reaching completion by the end of 2025. DOGE, ADA, DOT, HBAR and AVAX are among the digital assets expected to pass approval. These cryptocurrencies are some of the...
The US’ first Solana staking exchange-traded fund (ETF) will launch this Wednesday. Investors buying this new ETF will not only be exposed to Solana’s growth story but to the greater yield potential that staking offers. Rex Shares and Osprey Funds have joined to create a new kind of product. Per...
The United States has recently undergone a momentous change for cryptocurrency investment. It heralded the introduction of its very first staking-based crypto Exchange Traded Fund (ETF). This innovative ETF that’s based on Solana. It’s a big moment not just for Solana, but the digital asset market as a whole. Specifically,...
Opening the week, the REX-Osprey Solana ETF is expected to debut. It would be the first Solana staking ETF to hit the U.S. market. The release comes after months of conjecture, regulatory back-and-forth, and repeated launch deadlines. The Solana blockchain has since blossomed into a diverse ecosystem home to various...
On Monday afternoon, Solana (SOL) experienced an impressive price rally. This pump occurred just before the anticipated launch of the first U.S. staked crypto ETF scheduled for Wednesday. This groundbreaking new financial product will help investors gain exposure to Solana (SOL) while earning yield by staking. The successful launch follows...
That’s quite the run considering Solana’s price was less than 3.00 just four days ago. It has since rallied 16% and as of Monday is approaching the all-important $160 level. This surge coincides with growing anticipation surrounding the potential approval of a Solana Staking ETF, which could significantly impact the...
REX Shares continues to move forward on its proposed Staked Solana ETF. Recent regulatory clarifications from the Securities and Exchange Commission (SEC) have propelled them forward. The underlying index of the proposed ETF would track daily price movements of Solana giving investors exposure to the digital asset while delivering staking...