SOL / TetherUSLong
Solana ETF & Sol Szn
Updated
Solana summer just started! ☀️
VanEck announced the first application for Solana spot ETF in the United States. VanEck said that Solana is a commodity that provides a better user experience than Ethereum. In 2021, Grayscale launched the Solana Trust Fund, which is aimed at institutional investors and high net worth investors. Any portion of the Trust's SOL will not be used to earn staking rewards, to earn additional SOL or to generate income or other earnings.
However, SOL faces some difficulties in applying for a spot ETF. For example, it does not have a futures ETF like Bitcoin and Ethereum. In addition, the SEC once ruled that SOL is a security, causing Robinhood to delist SOL.
while Sol boyz hold the 125$ support now traders getting ready for Sol szn and Sol memes pump
we can have an small pullback and another attack to higher level 150, 155 and 157$
VanEck announced the first application for Solana spot ETF in the United States. VanEck said that Solana is a commodity that provides a better user experience than Ethereum. In 2021, Grayscale launched the Solana Trust Fund, which is aimed at institutional investors and high net worth investors. Any portion of the Trust's SOL will not be used to earn staking rewards, to earn additional SOL or to generate income or other earnings.
However, SOL faces some difficulties in applying for a spot ETF. For example, it does not have a futures ETF like Bitcoin and Ethereum. In addition, the SEC once ruled that SOL is a security, causing Robinhood to delist SOL.
while Sol boyz hold the 125$ support now traders getting ready for Sol szn and Sol memes pump
we can have an small pullback and another attack to higher level 150, 155 and 157$
Note
SOLBTC heading to 0.0025$ as well
Note
Following VanEck, 21Shares announced its application for the Solana spot ETFNote
GSR Markets predicts that spot Solana ETFs in the US could boost SOL's price by up to 9xNote
Solana's fees and revenue experienced significant growth in the second quarter, generating over $ 26M, a more than 42x increase YoY.The total SOL trading volume reached 292B, nearly 7x higher compared to the same period last year.
Note
Trade active
we hitting targets one by one
Note
Solana surpassed Ethereum in monthly DEX trading volume for the first time in July 2024, reaching $55.876 billion, compared to Ethereum’s $53.868 billion. Other outstanding performing chains include Arbitrum ($24.569 billion), BSC ($17.888 billion), and Base ($15.554 billion).Note
FTX whistleblower comes forward to reveal that FTX has a secret holding of 8% of Solana supplyTrade active
Solana hits a new all-time high against Ethereum!
Note
The Brazilian Securities and Exchange Commission (CVM) approved the first Solana spot ETF with CME Group, to be live in 90 days.Trade active
Eric Balchunas said that the Solana ETF application has stalled at the second step of the filing process. The chance of 2024 is 0. If Harris wins, the chance of 2025 is also close to zero. The only hope is that Trump wins. Unless there is a change in the leadership of the US government, the possibility of Solana ETF approval is extremely small. Note
The Brazilian Securities and Exchange Commission (CVM) has approved the second Solana ETF, launched by Brazil-based asset management company Hashdex in partnership with local investment bank BTG Pactual. On August 8, the CVM approved the first Solana ETF in BrazilTrade active
Solana’s staking and re-staking have received attention from exchanges. Bybit announced the upcoming launch of bbSOL, a liquid staking token. By staking SOL on Bybit Web3, people can get bbSOL tokens. Bitget and Binance also hinted at the upcoming launch of BGSOL and BNSOLTrade active
SBF's ex-girlfriend, Alameda CEO Caroline Ellison, will be sentenced in a New York court on September 24. Because Ellison cooperated with prosecutors, her sentence may be relatively lenient. Other former FTX executives Gary Wang and Nishad Singh are scheduled to be sentenced on November 20 and October 30
Trade active
FTX/Alameda associated wallet H4y...gFZ redeemed 177,693 SOL (US$23.75 million) from Solana PoS staking today, and may transfer SOL to CEX in the future. H4y...gFZ address currently still has up to 7.057 million SOL (US$943 million) in staking. Most of the SOL held by FTX may have been sold through OTCTrade active
on October 24, Solana's network real economic value (transaction fees + MVE Tips) reached $11,089,500, a record high, which should be related to the hot Memecoin market on the network. Since October 19, Solana's network real economic value has exceeded EthereumTrade active
SOL now ($ 83.57B) flips PayPal ($ 83.52B) in market capTrade active
Solana experienced a significant surge in on-chain transfer volume, hitting around $224 billion in just one day—nearly triple its market capitalization of $76 billion! This spike appears to have been caused by one wallet managing numerous accounts, possibly controlled by a bot. The recent increase in transaction fees that many observed is likely linked to this event.Trade closed: target reached
🟣MasterClass moonypto.com/masterclass
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.