Investment giant VanEck is seeking approval for a spot Solana (SOL) exchange-traded fund (ETF), according to a new filing with the U.S. Securities and Exchange Commission (SEC). The company submitted an S-1 registration statement to the securities regulator on Thursday related to the SOL ETF, which would be called the VanEck Solana Trust. VanEck, who
Bitcoin and other cryptocurrencies were rising early Friday. Solana was the standout gainer, after the first U.S. application was filed for a spot exchange-traded fund tied to the cryptocurrency. Bitcoin was up 1.3% over the past 24 hours to $61,519. The largest cryptocurrency has fallen from levels of around $64,000 after news on Monday that
From yield-bearing option trades to funds packaging bank loans, it’s shaping up to be a bumper year for strategies that purport to bring a professional investing edge to the masses. Financial firms of all stripes are marketing their creative trades to clients beset with uncertainty about the economy and Federal Reserve policy. Yet virtually no allocation has proved as
Bitcoin and other cryptocurrencies were falling early Friday. However, MicroStrategy has made another major purchase of the largest crypto. Bitcoin was down 1.5% over the past 24 hours to $64,617. Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Climate-focused mutual funds in China saw a decline in assets and product launches last year despite an uptick in inflows, with the funds prone to huge volatility because of speculative trading, according to Morningstar. Assets of mutual funds and exchange-traded funds (ETFs) with a climate-related mandate in China, the world’s largest emitter of greenhouse gases,
The cryptocurrency market has experienced remarkable growth, rewarding investors with its potential. Bitcoin surged by approximately 168%, Ethereum advanced by around 66%, and Solana, a relative newcomer, soared over 100% in the past year. While these returns are undeniably attractive, direct investment in individual cryptocurrencies presents challenges for many investors due to inherent volatility and
Digital assets have seen $12 billion of net inflows year-to-date, and if flows continue at the same pace the number could grow to $26 billion by the end of the year, JPMorgan (JPM) said in a research report on Wednesday. Spot bitcoin (BTC) exchange-traded funds (ETFs) have led the way, attracting $16 billion of net
Bitcoin was giving back some gains early Thursday after breaking through the $70,000 barrier but Ether was rising and testing its recent highs. The focus is now on whether the Federal Reserve can give the crypto sector another boost. Bitcoin was down 0.3% over the past 24 hours to $70,958. The largest crypto hit a record
For those unfamiliar with cryptocurrency, this is a major milestone in Asia and across the world as it opens the road for adoption and investment in cryptocurrency, moving the asset class from niche to mainstream. Although the US allowed spot bitcoin ETFs in January, it only recently approved applications to list spot ether ETFs; a
Digital assets have experienced a significant year, with the market moving toward mainstream adoption. This shift has resulted in a decrease in price volatility, which had been a key attraction for many investors, Bloomberg reported Thursday (May 30). As a result, the largest U.S. crypto exchange, Coinbase, has experienced a decline in consumer trading volume and a