Filecoin (FIL) rose 2% over the last 24 hours, advancing from $2.37 to $2.42, according to CoinDesk Research's technical analysis model. The model showed that the digital asset formed robust support at the $2.31 level. The most notable price breakthrough materialized as FIL successfully penetrated the $2.37 resistance barrier amid heavy trading volume of 6,938,918, approximately three times the daily average, indicating significant institutional participation and validating the bullish momentum toward th ...

Core Insights - Grayscale Investments is expanding its exposure to altcoins such as Chainlink (LINK), Zcash (ZEC), Stellar Lumens (XLM), and Filecoin (FIL), indicating a strategic shift beyond Bitcoin and Ethereum [1][2] Group 1: Grayscale's Strategy - Recent filings and product rebrands suggest a focus on select altcoins, with Grayscale positioning itself as the world's largest digital asset manager [1] - The accumulation trends observed in Grayscale's holdings often precede market rallies, hinting at potential breakout assets [2] Group 2: Chainlink Developments - Grayscale filed for a spot LINK ETF in early September, seeking SEC approval to convert its Chainlink Trust into an ETF listed on NYSE Arca under the ticker GLNK, which may include a staking component with Coinbase Custody as custodian [3] - Analysts highlight that Chainlink (LINK) has one of the "cleanest macro setups" among altcoins, with steady buying pressure reflected in its accumulation chart through 2024 [4]

Core Insights - DeFi Technologies Inc. has launched eight new SEK-denominated exchange-traded products (ETPs) through its subsidiary Valour, expanding its offerings to over 75 ETPs and reinforcing its position in the digital asset market [1][2][9] Group 1: New ETP Listings - The newly listed ETPs include Valour Bitcoin Cash (BCH), Valour Unus Sed Leo (LEO), Valour OKB (OKB), Valour Polygon (POL), Valour Algorand (ALGO), Valour Filecoin (FIL), Valour Arbitrum (ARB), and Valour Stacks (STX) [9][10] - These ETPs provide regulated, exchange-traded access to leading blockchain protocols and infrastructure projects, catering to growing investor demand for diversified digital asset exposure [9][14] Group 2: Market Position and Goals - Valour aims to achieve 100 listed ETPs by the end of 2025, with the recent additions solidifying its leadership in the regulated digital asset investment space [14][15] - The company has surpassed 75 ETPs, delivering the broadest lineup of digital asset ETPs across major European exchanges, including Spotlight Stock Market, Börse Frankfurt, and Euronext [14][15] Group 3: Executive Commentary - Johanna Belitz, Head of Nordics at Valour, highlighted the strong demand in the Nordic market for transparent and regulated exposure to digital assets [13] - Elaine Buehler, Head of Product at Valour, emphasized the strategic curation of products that reflect the evolving architecture of Web3, aiming to provide compliant exposure to foundational infrastructure and high-utility ecosystem tokens [13]