VanEck has made staking available on its Solana exchange-traded note (ETN) in the European market.

Amid bullish predictions for the market's fifth-largest cryptocurrency, Solana (SOL), asset manager VanEck announced a significant upgrade to its Solana exchange-traded note (ETN), which now offers an automated staking feature, contributing to SOL's ongoing price recovery. New Staking Rules For VanEck's Solana ETN Matthew Sigel, head of digital asset research at VanEck, revealed that the Solana ETN, which trades under the ticker VSOL and currently has $73m in assets under management, will have rewards accrued and reinvested daily under the new staking rules, with the ultimate aim of attracting more investors and new capital.

Solana (SOL) has emerged as a standout performer in the cryptocurrency market, significantly outpacing major rivals like Bitcoin and Ethereum. This resurgence comes as Solana experiences a remarkable recovery from its monthly lows, fueled by increased user engagement, growing transaction volumes, and rising network fees.

The chat-themed token has emerged as one of the top gainers of the day.

American investment management firm VanEck has added staking rewards to its Solana ETN (Exchange-Traded Note) in Europe. This might offer investors a new way to generate passive income.

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Solana is emerging as one of the most active networks, looking at engagement levels over the past few months. Despite concerns around FTX and whether asset distribution will lead to a dump, bulls are optimistic about what lies ahead.

Solana price has declined by 1.56% in the last 24 hours after the Pump fun Fee Account sold 40,000 SOL worth $6.68 million. The sale happened only five hours ago and has added to the market fears on the further price movement of Solana.

Solana (SOL) has finally broken above the $160 resistance, a critical level that has held the price down since early August. This breakout signals a confirmed uptrend, sparking excitement among investors as Solana continues to push higher.

Solana (SOL) has been experiencing a period of sideways trading for the past seven months, a trend that raises questions about the strength of its buyer base and the potential for a price correction. Currently priced around $171, the cryptocurrency has shown a daily increase of 2.84%, yet concerns linger over whether Solana could plummet to $50.

In comparison to its rivals, XRP has been underperforming among the top 10 cryptocurrencies exhibiting the least amount of price movement. The asset has been stuck in a declining range for the past few weeks, unable to break through local resistance levels.

Asset management company VanEck announced on October 21 that its Solana exchange-traded note (ETN), launched in the European market, has successfully enabled the staking function.

In a recent discussion, Solana's co-founder, Anatoly Yakovenko, raised questions about the vitality of the Ethereum ecosystem without the contributions from Base, a Layer 2 solution. This query comes amidst observing the metrics of growth shown by Base, particularly in user activities and transaction volumes.

Real Vision analyst Jamie Coutts says that Solana (SOL) is likely preparing for its next leg up to higher prices.

The Solana Price could enjoy a 26x increase from its current price and rise to as high as $4,500. This is based on an analysis of a cup and handle pattern that just formed on the coin's chart.

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VanEck has launched staking for its Solana exchange-traded note (ETN) VSOL in the European market. Matthew Sigel, head of digital asset research at VanEck, confirmed the rollout on Oct. 21.

As VanEck's Solana ETN begins offering investors passive income in the EU, the asset manager awaits input on an application in the U.S.

VanEck just activated staking for its Solana exchange-traded note (ETN) in Europe, and it's now managing $73 million in assets. Staking lets investors earn rewards without extra effort.

Solana whales now control 57% of the supply, as Open Interest spikes by 40% to

VanEck introduces automated Solana staking in its ETN for European investors, offering daily rewards and enhanced security. The post VanEck introduces Solana ETN staking to European investors appeared first on Crypto Briefing.

Robinhood Crypto has added support for Solana crypto transfers for users in the European Union, according to an announcement. The platform announced on Oct.

TL;DR VanEck has launched a Solana ETN in Europe, now including the automatic staking feature. The managed assets reach $73 million, and the rewards will be automatically added to the value of the SOL token. The non-custodial approach ensures that the tokens remain under the control of the custodian, reducing counterparty risks.

Asset manager VanEck has announced that its Solana exchange-traded note available to investors in Europe now includes staking.

VanEck, one of the leading asset management companies, has recently announced a significant innovation for its Solana Exchange Traded Notes (ETN) offered in Europe. Investors who purchase the VanEck Solana ETN can now benefit from staking, a feature that opens up new earning possibilities within the growing cryptocurrency ecosystem.

In a bid to address the needs of its growing customer base, commission-free brokerage Robinhood has initiated transfers for Solana (SOL). This move is significant for both Robinhood and Solana, as the flexibility in handling SOL can bring value to both ecosystems.

VanEck Solana ETN in Europe now supports automatic staking, with rewards integrated into the token equity.

In a turnaround, the Solana price has affirmed a break above the $160 multi-month resistance, with a 5.84% jump.

Solana's price has displayed huge strength since the start, but the past weekend cleared the strong barrier preventing it from reaching $180. The token quickly surged above the crucial resistance zone between $159 and $161 at times when the volume remained restricted within a range.

Solana has faced challenges recently, experiencing a decline of about 45% from its all-time high. Despite this setback, recent technical developments indicate that SOL might be preparing for a rebound.

Hedera joined Solana as a top performer, rising 5.6% over the weekend.

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The stock of Sol Strategies (CSE: HODL) has posted a 270% monthly gain today, following the Canada-based Solana validator's rebranding from its original name of Cypherpunk Holdings.

Solana meme coins like Popcat and Cat in a dogs world continued their uptrend as their total market cap jumped to $11.38 billion. Solana DEX volume soars Popcat (POPCAT) was trading at $1.3220 on Monday, Oct.

Bitcoin (BTC) registered its best week in over a month, with its price up almost 8% as the world's largest cryptocurrency edges towards the $70,000 mark. BTC is currently trading just under $69,000 and has been up almost 1% in the past 24 hours.

Solana (SOL), a popular alternative cryptocurrency and arguably one of the most hyped digital assets of the year alongside Bitcoin, saw a big spike in fund flows into ETPs based on the altcoin last week.

Bullish sentiment is prevailing across the cryptocurrency market. While Bitcoin (BTC) has been at the forefront of this rally, altcoins like Solana (SOL) have also started to make big moves.

The Solana blockchain has threatened to dethrone the Ethereum network as the largest DeFi ecosystem backed by vibrant meme coin projects.

Thanks to the recent positive movements of these coins, a well-known crypto millionaire anticipates Ethereum (ETH) and Solana (SOL) will reach new heights during the fourth quarter of 2024. More importantly, the less than a dollar new altcoin Rexas Finance (RXS) is predicted to yield in 2025—5000%.

With the crypto market preparing to become bullish, people are starting to bet on who will perform better among Bitcoin, Ethereum, and Solana.

SOL price is painting a near-perfect cup-and-handle pattern with a price target of around $4,500.

SOL's price is painting a near-perfect cup-and-handle pattern with a price target of around $4,500.

Solana (SOL) has been on a tear, recording a 12% price surge in the past week. The altcoin currently trades at $170.16, just below the crucial $171 resistance level.

Solana's price has surged past $170, driven by derivative traders and overall market optimism. Analysts predict potential highs of $190-$250 by the end of October

SOL, LINK, ADA, UNI, and ETH have gained the most from the larger-cap alts.