Bloomberg’s Eric Balchunas says exchanges have posted listing notices for Bitwise’s Solana ETF and Canary’s Litecoin and HBAR ETFs, set to launch tomorrow.
Bloomberg analyst Eric Balchunas says exchanges have posted listing notices for Bitwise’s Solana ETF and Canary’s Litecoin and Hedera funds.Crypto markets may see another wave of exchange-traded fund debuts this week, with Solana, Litecoin and HBAR funds appearing in US exchange listings ahead of a potential launch on Tuesday.
A crypto ETF is a fund traded on a stock exchange that allows investors to gain exposure to digital assets such as Bitcoin (on Jan. 10, 2024, opening the door for ETFs to be listed and traded by BlackRock, Grayscale, Bitwise, ARK 21Shares, WisdomTree, Fidelity, Valkyrie, VanEck, Hashdex, Franklin Templeton and Invesco Galaxy.Staking, which involves locking up cryptocurrency to help secure a proof-of-stake blockchain like Solana and earning rewards paid out in the same token, has become one of the main narratives in crypto this year.Thomas Uhm, chief operating officer of Solana-based liquid staking and MEV protocol Jito, told Cointelegraph that the Solana ETF approvals are just the beginning. “We’re already working with tier 1 investment banks on products related to these ETFs and on accumulation strategies using staked Solana ETF options,” he said.BTC price eyes record monthly close: 5 things to know in Bitcoin this week
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