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On the same day as the announcement, Bitcoin reached a historic milestone, crossing $100,000 for the first time.

Bitcoin has hit a new all-time high of $104,000, surpassing the $100,000 milestone, as strong demand and market momentum push its market cap to $2 trillion.

The digital asset manager aims to turn its current Grayscale Solana Trust into the ETF, similar to how it previously converted its Bitcoin and Ethereum trusts into spot ETFs.