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news-imageApril 5, 2025

Crypto: Solana ETFs Are Set To Launch In June According To 21Shares

The crypto market may soon experience a major new phase with the impending approval of Solana ETFs. For several years, investors have been seeking to diversify their crypto portfolios through regulated financial products.
Publisher: Cointribune
Sentiment: Positive
SOL

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Positive
cover-imageTokenpost
April 5, 2025

Fidelity's Solana ETF Filing Acknowledged by SEC as SOL Price Rises

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Fidelitys application to launch a Solana exchange-traded fund (ETF), signaling progress in the race for institutional Solana exposure. Fidelity, which manages around $4.9 trillion in assets, filed for the ETF in late March, joining other financial giants aiming to introduce Solana-backed investment products.

Negative
cover-imageTokenpost
April 5, 2025

Solana Nears Critical $100 Support as Bearish Momentum Builds

Solana (SOL) is teetering on a crucial psychological level, with prices hovering near $120 and threatening to drop below the $100 marka level not seen in months. The markets growing bearish sentiment is evident, and SOLs failure to establish higher lows raises red flags about a potential prolonged downtrend.

Positive
cover-imageNewsBTC
April 5, 2025

Is The Solana Bottom In? Experts Answer

In a new technical analysis shared via X, crypto analyst Scott Melker aka The Wolf Of All Streets (@scottmelker) highlighted a critical support-resistance setup for Solana (SOL), emphasizing what he views as a textbook bounce off of a key technical level. “Picture perfect bounce off of $112 support.

Neutral
cover-imageCointelegraph
April 4, 2025

Stablecoins 'in bull market'; Solana sputters: VanEck

Stablecoins are “in a bull market of their own,” even as smart contract platforms — including Ethereum and Solana — sputter amid the marketwide tumult, asset manager VanEck said in an April 3 monthly note.The diminished activity on smart contract platforms reflects cooling market sentiment in cryptocurrencies and beyond as traders brace for the impact of US President Donald Trump's sweeping tariff policies and a looming trade war. But stablecoin adoption — a key measure of Web3's overall health — continues apace.

Positive
cover-imageCryptoSlate
April 4, 2025

Grayscale moves closer to Solana ETF with SEC filing

Grayscale has taken the next step in its efforts to launch a spot Solana exchange-traded fund (ETF). On April 4, the digital asset manager filed a Form S-1 with the US Securities and Exchange Commission (SEC), aiming to convert its existing Grayscale Solana Trust (GSOL) into a publicly traded ETF.

Positive
cover-imageCointelegraph
April 4, 2025

PayPal, Venmo to roll out Solana, Chainlink transfers

Global payments platform PayPal has expanded its cryptocurrency offerings to include Chainlink (LINK) and Solana (SOL), giving US-based users the ability to buy, sell and transfer the popular tokens. Support for LINK and SOL will be rolled out over the next few weeks and will also be extended to users of Venmo, a US mobile payment platform owned by PayPal, the company disclosed on April 4.

Positive
cover-imageCointelegraph
April 4, 2025

Grayscale files S-1 to list Solana ETF on NYSE

Digital asset manager Grayscale registered with the United States Securities and Exchange Commission (SEC) to list the Grayscale Solana (SOL) Trust exchange-traded fund (ETF) on the New York Stock Exchange (NYSE).The ETF will trade under the ticker symbol "GSOL" and will hold spot SOL as the underlying asset, according to the April 4 S-1 filing. Grayscale announced plans to convert its existing Grayscale Solana Trust into an ETF in its 19b-4 application filed with the SEC in December 2024.

Positive
cover-imageThe Cryptonomist
April 4, 2025

PayPal expands its crypto offering: Chainlink and Solana arrive on PayPal and Venmo

PayPal Holdings, Inc. has announced the extension of its digital asset offering, introducing Chainlink (LINK) and Solana (SOL) as new crypto that can be purchased, held, sold, and transferred on the PayPal and Venmo platforms. This innovation marks another step forward in the company's commitment to providing accessible and secure digital solutions for everyone, directly responding to the requests of its users.

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