Solana Makes History with Groundbreaking Spot ETF Approval
08.08.2024 1:19 1min. read Alexander Stefanov
The Brazilian Securities and Exchange Commission (CVM) has greenlit the introduction of the first Solana spot ETF, marking a global first.
This Solana ETF will use the CME CF Solana Dollar Reference Rate to determine its price.
This rate, created through a collaboration between the Chicago Mercantile Exchange (CME) and Crypto Facilities (CF), offers a reliable measure of Solana’s value in US dollars based on data from major cryptocurrency exchanges.
The ETF is currently in its pre-launch phase, which involves gathering initial investments, finalizing contracts with key service providers like fund administrators and custodians, and acquiring the necessary assets for the fund.
While the exact launch date is not set, the ETF is expected to debut within the next 90 days.
-
1
Altcoin Season on the Horizon? Exciting Predictions from Analysts
22.09.2024 11:00 2min. read -
2
Chainlink Poised for Significant Growth as Institutional Interest Rises
07.10.2024 19:30 2min. read -
3
Cardano (ADA) Sees Increased Activity, But Price Remains Flat
08.09.2024 9:00 1min. read -
4
These Two Altcoins May be on the Verge of a Breakout, According to Analyst
21.09.2024 20:26 2min. read -
5
Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research
28.09.2024 21:00 2min. read
Chainlink Poised for Significant Growth as Institutional Interest Rises
Chainlink is one of the top cryptocurrencies by market cap and has proved throughout the years, that it is a project that has great potential.
Bitget’s Token Plunges Over 50%, Exchange Promises Full Compensation
On October 7, Bitget’s native BGB token experienced a serious crash, falling from $1.14 to just over $0.53 in a matter of minutes before partially recovering to $1.
Memecoins Dominate Crypto Sector, According to Recent Report
Memecoins continue to dominate the crypto market with their gains, being the best performers not only in the past 24 hours, but last week as well.
Crypto Project Liquidates $9.5 Million in ETH Amid Ongoing Sales
A notable cryptocurrency foundation has made headlines after liquidating a significant amount of Ethereum.
-
1
Altcoin Season on the Horizon? Exciting Predictions from Analysts
22.09.2024 11:00 2min. read -
2
Chainlink Poised for Significant Growth as Institutional Interest Rises
07.10.2024 19:30 2min. read -
3
Cardano (ADA) Sees Increased Activity, But Price Remains Flat
08.09.2024 9:00 1min. read -
4
These Two Altcoins May be on the Verge of a Breakout, According to Analyst
21.09.2024 20:26 2min. read -
5
Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research
28.09.2024 21:00 2min. read
