By offering an ETF, VanEck hopes to tap into the growing demand and provide a convenient investment vehicle for those interested in Solana.
Other exchanges, such as Uphold, are also delisting multiple stablecoins, including $USDT, in response to the MiCA rules.
Over 1.5 million $ETH has been burned since September 2022, while 1.36 million $ETH has been added, resulting in a net reduction of 345,000 $ETH, equivalent to over $1.1 billion at current prices.
Mass investor exodus, ETF outflows, Mt. Gox repayment concerns, and market-wide declines has fuelled a bearish sentiment for Bitcoin.
Brollups will support over 90% of DeFi use cases upon launch without needing a hard fork or issuing a non-Bitcoin token.
If approved, QSOL will be the first Solana ($SOL) exchange-traded product (ETP) listed in North America, trading on the Toronto Stock Exchange (TSX) under the ticker “QSOL”.
The cryptocurrency market’s downturn extended to altcoins, with many experiencing significant losses. $DOGE and $SOL were among the hardest hit.
JPMorgan noted that Bitcoin prices are currently high relative to production costs, leading them to anticipate minimal inflows in the coming months.
By the end of Monday, GME was trading at $24.89, a 62% drop from its two-year high of $61 last Thursday.
At the time of writing, $SOL was changing hands for $159.36. The altcoin has gained popularity due to its high-speed blockchain and reduced transaction costs, appealing to developers and investors alike.
