Solana News: Rothschild, PNC Financial Services Disclose Holdings in SOL ETF — Source: CoinGape Rothschild Investment expands investment in Solana ETF beyond Bitcoin and Ethereum ETFs. PNC Financial Services reveals holdings in Solana ETF. SOL price spikes 5% amid massive $336 million in inflow into spot Solana ETFs. In a major Solana news, financial giants Rothschild Investment and PNC Financial Services have revealed interest in SOL. Latest financial disclosures highlighting holdings in Solana E ...

Analysts Say SOL Oversold: Could a Strong Rebound Be Ahead?. Photo by BeInCrypto Solana (SOL) entered November still struggling to find a clear direction. The token is down 4% over the past seven days and nearly 19% this month, despite a brief bounce attempt amid Halloween. Solana price now trades near $186, trapped in a range between $178 and $209. While outflows from holders have slowed, one group of traders might be keeping the SOL price in check. Big Money Still Missing From the Move The Chaikin Mo ...

Here’s why Solana, XRP, and others may never rival Bitcoin’s ETF success. | Credit: CCN. Key Takeaways Altcoin ETFs made their long-awaited debut, led by HBAR, Litecoin, and Solana. Despite the hype, early trading shows little investor enthusiasm or liquidity. Bitcoin remains the benchmark for institutional confidence and market depth. Without BlackRock’s involvement, altcoin ETFs may capture only 20–40% of Bitcoin’s flows. When the SEC approved the first Bitcoin (BTC) spot ETFs in early 2024, ...

Swiss-based asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) to launch a Hyperliquid (HYPE) exchange-traded fund (ETF) amid growing institutional appetite for altcoin-linked investment products. Key Takeaways: 21Shares seeks SEC approval for a fund tracking the HYPE token, signaling growing institutional demand for altcoin exposure. Asset manager Bitwise recently filed for a similar product. Strong trading volumes in new Solana, Litecoin, and Hedera ETFs show Wall ...

On Oct. 28, the first U.S. Solana spot ETF — the Bitwise Solana Staking ETF (ticker: BSOL) — was listed, recording $69.45 million in net inflows on its first day, bringing its net asset value to $289 million. Following its debut, the fund’s total net assets reached $289 million, with its SOL net asset ratio (share of Solana’s total market capitalization) at 0.27%. https://t.co/8xboaactGDNotably, the Canary HBAR ETF and Canary Litecoin ETF, which were listed on the same day, recorded no net inflows or outflo ...

Core Insights - Bitwise Asset Management has launched the first U.S. ETP providing 100% direct exposure to SOL, named the Bitwise Solana Staking ETF (NYSE: BSOL) [1] - The company manages over $15 billion in client assets and offers a suite of more than 30 crypto investment products across the U.S., the U.K., and Europe [1] - The CEO of Bitwise, Hunter Hors, emphasized that investors are attracted to both growth potential and staking rewards [1]

Core Insights - The launch of the Bitwise Solana Staking ETF (BSOL) marks a significant milestone in the cryptocurrency ETF market, making Solana the third cryptocurrency to have a spot ETF in the U.S. after Bitcoin and Ethereum [1] - The listing of BSOL has led to a massive liquidation event in the Solana perpetual contract market, with a 230% increase in liquidation data compared to the previous trading day, totaling over $120 million [1][3] Group 1: Market Impact - BSOL's launch follows a simplified approval process by the SEC, providing investors with staking rewards alongside SOL holdings, which is expected to shift significant funds from offshore products to the regulated U.S. market [3] - SOL's price tested the critical resistance level of $200, rebounding over 60% from previous sell-offs, currently fluctuating between $175 and $212 [3] - The intense battle between bulls and bears around the $200 mark has resulted in a large-scale liquidation event for Solana [3][6] Group 2: Whale Activity - A notable whale address has adjusted its positions frequently, amassing a total holding of $52.45 million, with $50 million in HYPE long positions yielding an 87% return [5] - This whale activity indicates institutional investors' long-term confidence in the Solana ecosystem, as they also opened positions in various altcoins [5] Group 3: Macro Economic Context - The volatility in the Solana market is influenced by broader macroeconomic factors, including expectations of a 25 basis point rate cut by the Federal Reserve, which has increased risk appetite in the cryptocurrency market [8] - The easing of U.S.-China trade tensions has also contributed to a more optimistic market sentiment [8] Group 4: Market Sentiment - Despite the significant liquidation event, the overall market sentiment remains neutral, with the Fear and Greed Index at 50, up from 34 the previous week [10] - The Solana network has maintained a stable operation for 21 months, providing a solid foundation for its value [10] - Upcoming launches of Solana ETFs in Hong Kong are expected to provide additional liquidity and market depth [10]