CoinShares Wants to Offer Solana Staking ETF—But It's Complicated, Experts Warn► https://t.co/1dk3f3n3yl https://t.co/1dk3f3n3yl ...

Group 1 - The core viewpoint of the article is that the launch of the "Solana Staking ETF" marks a significant development in the cryptocurrency ETF market, transforming SOL from a price-dependent asset to one that can generate its own returns through staking [2][5][9] - The ETF was launched on July 2, with a trading volume of $8 million in the first 20 minutes and a total of approximately $33 million on its first day, indicating a strong initial interest [2][3] - The ETF's structure allows for a minimum of 40% of assets to be allocated to foreign Solana ETPs, with the remaining assets held in a C-Corp structure to generate around 7% annualized returns, providing a compliant pathway under U.S. regulations [5][9][10] Group 2 - The "Solana Staking ETF" differs from traditional ETFs by utilizing a special regulatory framework and requiring custodians to hold the underlying digital assets rather than the fund issuers [4][5] - Market reactions to the ETF have been muted, with SOL's price rising only about 3.6% within 24 hours of the launch, suggesting a more mature market expectation compared to previous ETF approvals [2][6] - The approval of the SSK ETF has increased anticipation for other Solana ETFs currently under review, indicating a potential wave of new ETF products in the coming months [7][8] Group 3 - The SEC has delayed decisions on other Ethereum ETF proposals, raising concerns about the risks associated with staking and the complexities of reward distribution, which may affect future ETF approvals [8][9] - The approval of the SSK ETF is seen as a positive signal for future products, particularly those incorporating staking features, but regulatory scrutiny will remain based on the specifics of each asset [9][10] - The successful launch of the SSK ETF could lead to increased liquidity in the cryptocurrency market and attract more institutional investors, although it may also heighten market volatility [7][8]

Market Trends & Cryptocurrency Performance - Crypto majors experienced a rebound, with ETH leading the gains [1] - BTC increased by 2% to $109,600, ETH rose by 6% to $2,600, XRP increased by 5% to $2.29, and SOL increased by 4% to $154 [1] - Memecoins like BONK (+16%), WIF (+15%), and FARTCOIN (+14%) led the top movers [1] - Standard Chartered analysts predict Bitcoin to reach $135,000 in Q3 and $200,000 in Q4 [1] ETF & Investment Products - BlackRock's IBIT Bitcoin ETF is generating more revenue than its S&P 500 index fund [1] - A Solana staking ETF launched and saw $33 million in volume on its first day [1] - The SEC paused Grayscale's large-cap fund from listing for further review, one day after staff approval [1] Corporate Actions & Acquisitions - Coinbase acquired Liquifi, a token-management platform [1][2] - Addentax Group plans to acquire 12,000 BTC, valued at $1.3 billion, from an independent BTC holder [1] - Bit Digital raised $163 million for an ETH Corporate Treasury [1] NFT Market - ETH NFT leaders showed mixed performance, with Punks at 39 ETH, Pudgy down 1% at 9.7 ETH, and BAYC up 3% at 10.8 ETH [2] - An Alien Nodemonke was sold for 1.29 BTC, equivalent to $141,400 [2]

ETF Performance - Solana Staking ETF (SSK) 首日交易量达 3300 万美元 [1] - SSK 的交易量超过了 SOL 和 XRP 期货 ETF [1] - SSK 的交易量低于 BTC 和 ETH 现货 ETF [1]

Market Trends & Crypto Performance - Crypto majors experienced a downturn while the S&P 500 reached a new all-time high [1] - BTC decreased by 1% to $106,600, ETH decreased by 1% to $2,450, XRP increased by 1% to $2.10, and SOL decreased by 1% to $149 [1] - Memecoin leaders were mostly down, including DOGE (-2%), Shiba (-2%), PEPE (-4%), TRUMP (-3%), BONK (-5%), SPX (-10%) & FARTCOIN (-1%) [1] - Overall NFT market cap fell 3% to $9.2 billion [3] Corporate Developments & Investments - Robinhood announced new crypto products, including tokenized U.S stocks, a custom Layer-2 blockchain, crypto staking, leveraged futures, and AI-powered portfolio tools; stock increased by 13% [1] - MicroStrategy purchased an additional 4,980 BTC, valued at approximately $532 million [1] - Bitmine stock surged 700% following the announcement of Tom Lee as Chairman, planning to build an ETH Treasury with an initial investment of $250 million [1] - Eric Trump's American Bitcoin expanded to Dubai, raising $220 million for Bitcoin acquisition and mining equipment [1] New Products & Integrations - Jupiter integrated xStock trading, enabling users to swap SOL, stablecoins, and memecoins for stocks like NVDA and MSTR [2] - Rex-Osprey's Solana Staking ETF was approved to begin trading [1] - Ripple's CTO confirmed Ethereum-compatible smart contracts are live on XRP Ledger [1] - Bitget Wallet partnered with Mastercard and Immersive for new crypto payment cards [1]

Solana staking ETF coming this week?!?James Seyffart (@JSeyff):Seems like this Solana Staking ETF could be going live this week. ...