On Oct. 14, the SEC received a set of filings containing math that can destroy portfolios overnight. Volatility Shares, the issuer behind the first leveraged Bitcoin ETF, wants to launch a suite of 5x funds tied to Bitcoin, Ethereum, Solana, and XRP. If approved, these ETFs would magnify daily returns by a factor of five, […]
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Despite the crypto price plunge following Trump's China tariff threats, Friday saw a "paltry" $159 million in outflows, CoinShares said.
Canary Capital is inching closer to getting the SEC's sign-off as it moves to update two of its registration statements for XRP and SOL ETFs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan analysts say spot Solana ETFs are likely to get approved soon but will see limited inflows compared to Bitcoin or Ethereum ETFs.
Crypto index fund manager Bitwise designated a 0.20% fee for its Solana staking exchange-traded in an amended filing on Wednesday.
A new filing for an ETF tracking HBAR has revealed key details that analysts say signal it's inching closer to receiving the SEC's sign-off.
The crypto asset manager has also activated staking for its Grayscale Solana Trust (GSOL), which has yet to convert into an ETF.
The flows were driven by a delayed response to the U.S. interest rate cut, CoinShares Head of Research James Butterfill said.
REX Shares and Osprey Funds filed prospectuses for 21 ETFs, from ones tracking HBAR to BCH and others with staking components.
The government has officially been shut down just as dozens of different types of crypto ETFs were primed to get the SEC's sign-off.
The Asian holiday season and U.S. government shutdown may sap liquidity and delay key economic data in early October, according to K33.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Balchunas' comments follow a slew of recent 19b-4 withdrawals for Solana, XRP, Cardano, Litecoin, Dogecoin, Polkadot, and Hedera ETFs.
Stronger than anticipated macro data hit sentiment in the U.S., CoinShares Head of Research James Butterfill noted.
Asset managers have amended their spot Solana ETF filings to incorporate staking rewards, with analysts saying the funds could launch within weeks.
The SEC needs more time to review applications to allow staking for the Ethereum ETFs issued by BlackRock, Fidelity and Franklin Templeton.
Although investors initially reacted cautiously to the "hawkish cut," inflows resumed later in the week, CoinShares' James Butterfill said.
GDLC offers broad exposure to the crypto asset class while focusing on the current market leaders BTC, ETH, SOL, XRP, and ADA.
The SEC's move to approve listing standards for cryptocurrency funds is being hailed as a "huge deal" by crypto advocates.
The SEC approved on an "accelerated basis" listing standards for crypto ETFs, setting the stage for those products to be ready for trading.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Proposed SEC generic listing standards for crypto ETPs could "blow the market wide open," according to Bitwise CIO Matt Hougan.
SEC Chairman Paul Atkins has been vocal in his support of digital assets but his agency continues to punt on many ETFs.
Scaled for size, a relatively small amount of flows into Solana could significantly impact prices in the months ahead, Matt Hougan said.
Canada’s newest altcoin exchange-traded funds have raced to category leadership, with the Solana-focused SOLQ crossing C$300 million in assets under management (AUM) and the XRP-focused XRPQ topping C$150 million, according to a Tuesday announcement. The issuer said both funds now hold the largest AUM in their respective categories among Canadian peers, underscoring a sharp acceleration in institutional and retail demand for regulated exposure to Solana and XRP. Investor Demand Surges For 3iQ’s SOL And XRP ETFs SOLQ, a Toronto Stock Exchange–listed Solana staking ETF that debuted in April, benefited from marquee early allocations. The firm disclosed a lead investment from SkyBridge Capital and additional commitments from ARK Invest, which bought SOLQ through its ARKW and ARKF ETFs—moves it touted as the first US-listed ETFs to gain exposure to Solana and its staking rewards via a Canadian vehicle. Management fees on SOLQ remain waived until April 2026, the issuer added. Related Reading: XRP Liquidity Flashpoint: Analyst Eyes Rapid Move To $4.50 XRPQ launched in June and, with a 0% management fee for its first six months, has quickly scaled to more than C$150 million AUM; the Toronto Stock Exchange’s new-issuer log shows the product coming to market on June 18, 2025. The issuer said Ripple participated as an early investor. “The momentum behind SOLQ and XRPQ demonstrates that Canadian investors and global leaders in the digital asset space are embracing secure, transparent, and regulated access to digital assets,” said Pascal St-Jean, the issuer’s president and CEO. “As the market leaders, these ETFs exemplify [our] commitment to meeting investor demand while setting a benchmark for innovation in the global market.” Related Reading: XRP Set to Lead Altcoin Boom With Explosive $9.69 Target, Says Analyst The rise of these funds comes amid a broader wave of Canadian altcoin ETF launches this year. Multiple issuers have introduced spot Solana products—some with staking features and introductory fee waivers—while the domestic XRP lineup has also expanded, creating a competitive field against which SOLQ and XRPQ now claim the AUM crown. Institutional signaling has been a secondary driver. ARK’s purchase framed SOLQ as a vehicle for capturing both SOL price performance and on-chain staking economics in a regulated wrapper. “Solana represents a high-performance blockchain infrastructure with significant potential for decentralized applications and finance,” ARK’s Cathie Wood said when confirming the investment earlier this year. Contextually, Canada remains a first mover on listed crypto exposures beyond bitcoin and ether. In the United States, investors only recently gained a Solana ETF with staking economics via the REX-Osprey SSK product, while several US spot XRP ETF filings await regulatory decisions later in 2025—developments that help explain the cross-border interest in Canadian listings in the interim. A SSK-style Dogecoin ETF by REX-Osprey is set to launch this Thursday. At press time, XRP traded at $2.955. Featured image created with DALL.E, chart from TradingView.com
The cluster of filings echoes a similar round of revised filings from last Friday, which concerned spot XRP ETF proposals.
The fund follows the same route as the REX-Osprey Solana staking ETF and could go live in early November, according to analysts.
On Friday, VanEck, asset manager and cryptocurrency exchange-traded fund (ETF) issuer, announced a new filing for a spot Solana ETF backed by JitoSOL with the US Securities and Exchange Commission (SEC). This marks a significant change from other crypto ETFs as it would be the first fund to utilize a liquid staking token. A New Era For Liquid Staking? JitoSOL functions as a liquid staking token on the Solana blockchain, representing both staked SOL and the rewards associated with it. This structure allows users to stake their SOL through the Jito Network while retaining the liquidity necessary for participation in decentralized finance (DeFi) applications. Consequently, VanEck’s introduction of a new spot Solana ETF could provide investors with new opportunities to benefit from the expected growth of the Solana ecosystem. Related Reading: Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market This initiative comes on the heels of new regulatory guidance from the SEC regarding liquid staking activities. Under the administration of President Donald Trump, there has been a concerted effort to position the United States as the global leader in cryptocurrency. The Securities and Exchange Commission’s recent shift in approach reflects this vision, as it aims to clarify the regulatory landscape for the broader digital asset market, a significant departure under former Chair Gary Gensler. Nine Solana ETF Applications Await SEC Green Light In August of this year, a coalition of influential organizations, including Jito Labs, VanEck, Bitwise, the Solana Policy Institute, and Multicoin Capital Management, submitted a joint request to the SEC seeking approval for liquid staking in Solana ETF applications. The letter emphasized the operational advantages that liquid staking can offer for potential Solana ETF issuers, such as enhanced network security through increased staking participation, a wider array of investment options for market participants, and potential new revenue streams for ETF providers. With at least nine Solana ETF filings currently awaiting SEC approval, it’s clear that interest in this area is on the rise. Significant progress toward approval was signaled two months ago when VanEck’s first spot Solana ETF appeared on the Depository Trust & Clearing Corporation’s website under the ticker VSOL. Related Reading: How High Can Shiba Inu Climb In 2025? Analyst Gives Candid Outlook Importantly, the SEC has also signaled that, under specific conditions, activities related to liquid staking may not fall under the definition of securities as outlined by the Securities Act of 1933 and the Securities Exchange Act of 1934. Paul S. Atkins, the newly appointed SEC Chairman, underscored the agency’s commitment to providing clear regulatory guidance for innovative financial practices. He described the staff statement on liquid staking as a crucial measure for defining which crypto asset activities lie outside the SEC’s jurisdiction. On Friday, VanEck’s new spot Solana ETF application caused SOL’s price to surge by double digits, recording a 10% increase in the 24-hour period that brought the cryptocurrency close to the $200 threshold. Featured image from DALL-E, chart from TradingView.com
Bloomberg ETF Analyst Eric Balchunas also said that OG Bitcoiners may be creating some downward pressure on the cryptocurrency's price.