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Bitwise has launched a Solana staking ETP in Europe, trading under the ticker BSOL, which offers a 6.48% annualized return and is backed by Marinade. While the US currently prohibits staking rewards in ETFs, potential regulatory changes could pave the way for similar products, enhancing interest in the SOL ecosystem. This development reflects a growing appetite for altcoin-focused funds in Europe and optimism for future offerings in the US.
Solana's price has struggled below $215 after peaking at $263 on November 22, dipping to $203 last week. Despite a recent uptick in trading volume, analysts suggest it may retest the $203 support before any potential recovery, with a target of $300 requiring a break through resistance at $222. Meanwhile, Bitwise has launched a Solana Staking ETP in Europe, offering a 6.48% staking reward, as interest in Solana remains high.
Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, ticker BSOL, offering a 6.48% annual percentage yield, surpassing competitors like 21Shares. With a management fee of 0.85%, it aims to attract stakers while awaiting U.S. approval for its Solana ETF. The firm remains optimistic about ETF approvals by 2025, predicting significant growth in the crypto market.
Bloomberg ETF analysts predict a wave of cryptocurrency ETFs next year, starting with a Bitcoin and Ethereum combo, followed by Litecoin and Hedera Hashgraph. A joint XRP and Solana ETF may be delayed due to ongoing legal issues, but optimism remains for future approvals under a new SEC administration.
Bloomberg analysts predict a surge in cryptocurrency ETFs in 2025, driven by anticipated changes in SEC leadership. Bitcoin and Ethereum combo ETFs are expected to lead, while Litecoin and HBAR may gain quicker approval due to favorable classifications. However, Solana and XRP face delays due to ongoing legal challenges. The shift in SEC leadership, with a pro-crypto nominee expected, could create a more favorable environment for altcoin ETFs, although market demand remains uncertain.
Bloomberg analysts predict that Litecoin and Hedera ETFs will launch before those for Solana and XRP, citing fewer regulatory hurdles. However, market demand for these ETFs remains uncertain, with limited issuer interest compared to the multiple filings for XRP and Solana. Regulatory challenges, particularly for Solana and XRP due to ongoing legal issues, may further delay their approval. Litecoin is currently trading at $122.41, having increased by 4.95% in the past day and 10.69% over the past week.
Solana (SOL) is set for significant growth in 2025, bolstered by a record $173 million in ecosystem funding during Q3 2024, technological advancements, and increasing institutional interest. The anticipated launch of a spot SOL Exchange-Traded Fund (ETF) is expected to attract more institutional investors, enhancing Solana's market position against competitors like Bitcoin and Ethereum.Improvements to Solana's infrastructure, particularly through the Firedancer client, promise to boost transaction speeds and network scalability. With a positive market sentiment and projections suggesting SOL could reach new heights, the combination of capital influx, innovation, and institutional support positions Solana as a formidable player in the digital currency landscape.
Bloomberg analysts anticipate a surge in cryptocurrency ETFs in 2025, driven by expected changes in SEC leadership. The first approvals may include Bitcoin and Ethereum combo ETFs, followed by Litecoin and HBAR, while XRP and Solana ETFs await further regulatory clarity. With the departure of Gary Gensler, a shift towards a more favorable regulatory environment is expected under the pro-crypto leadership of Paul Atkins, potentially paving the way for a broader range of crypto investment products.
Bitwise has launched a Solana staking ETP in Europe, ticker BSOL, with Marinade as its staking provider, offering a 6.48% yield. This follows their plans for a Solana ETF in the US, which currently excludes staking rewards due to securities law concerns. Analysts suggest that changes in SEC leadership could eventually allow US spot ETF issuers to include staking rewards.
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