The first US Solana staking ETF has wrapped up its opening session with significant momentum. The new fund attracted $12 million in inflows and closed the day with $33 million in trading volume, according to Bloomberg ETF analyst Eric Balchunas. SSK Outperforms Solana, XRP Futures Volume Trading under the ticker SSK on the Cboe BZX…
The U.S. Securities and Exchange Commission (SEC) has approved Grayscale Investments’ application to convert its Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF). The move will see GDLC become a publicly traded ETF offering exposure to several crypto assets within a single structure. Optimism for Altcoin ETFs The GDLC fund currently includes…
The U.S. Securities and Exchange Commission (SEC) is expected to rule on the Grayscale Digital Large Cap Fund (GDLC) this week, and an expert thinks a green light is almost guaranteed. Nate Geraci, president of the ETF Store, predicted a “high likelihood” of approval, with such a decision potentially unlocking the path for the first…
Solana’s average monthly trading volume has climbed sharply so far in 2025, which reflects continued trader interest and liquidity rotation toward the network despite broader market volatility. According to CoinGecko’s latest report, Solana’s average monthly trading volume increased to $156 billion in 2025, up from $124.4 billion in 2024, a 25.4% year-on-year rise. By comparison,…
Bloomberg ETF experts James Seyffart and Eric Balchunas have said there is a 95% probability that the U.S. Securities and Exchange Commission (SEC) will approve spot ETFs for XRP, Litecoin (LTC), and Solana (SOL) this year. The financial watchdog is expected to decide on the three proposals in October. The New Approval Odds In a…
The REX-Osprey Solana Staking ETF will be launched on July 2 under the ticker SSK as the first US ETF allowing investors to earn rewards by staking Solana tokens to validate blockchain transactions. The new yield-chasing crypto fund tracking Solana has been cleared for debut, according to Bloomberg, citing a person familiar with the matter….
Traders are bracing for potential selling pressure as early investors and project treasuries gain access to massive, previously locked holdings. Data from the Tokenomist website shows that over $484 million worth of tokens are scheduled to hit the crypto market this week, in one-time releases and significant daily unlocks. Details of Token Unlocks According to…
A Bloomberg report has revealed that former Blackstone Inc. executive Chinh Chu and Reeve Collins, co-founder of stablecoin giant Tether, are teaming up to raise $1 billion for a listed crypto vehicle that aims to build a portfolio of digital assets. The capital is being raised through M3 Brigade Acquisition V Corp, a Special Purpose…
Digital asset funds extended their weekly inflow streak to ten weeks, drawing $1.24 billion and lifting 2025’s cumulative inflows to a new peak of $15.1 billion. That said, trading activity cooled toward the week’s end, which, according to CoinShares, is likely influenced by the Juneteenth observance in the US and reports of escalating American involvement…
A new report from Flashbots has warned that Maximum Extractable Value (MEV) is quietly becoming one of the biggest roadblocks to blockchain scaling. According to the research, rampant “spam auctions” driven by MEV searchers are systematically consuming most of the new capacity on high-throughput chains like Solana and Ethereum Layer-2s (L2s), neutralizing scaling gains and…
