The U.S. Securities and Exchange Commission (SEC) has begun a formal review of the Canary HBAR ETF proposal, which seeks to list a physically backed Hedera (HBAR) ETF on Nasdaq. The SEC is evaluating whether the product meets regulatory standards, including resistance to market manipulation, liquidity, and investor safeguards. Public comments are open until July 7, 2025, with rebuttals due by July 21. If approved, the ETF would be a landmark for Hedera, providing traditional market access to HBAR. The review follows a cautious SEC approach to crypto ETFs, mirroring processes for other altcoins like DOGE and DOT. Meanwhile, HBAR’s price dipped 8% amid the news, while Solana saw a 6% rise following SEC updates on its ETF prospects.
about SEC Reviews Canary HBAR ETF Proposal for Market IntegrityCanary Capital
0 in Finance and 0 in Crypto last weekCoinShares Files for Solana ETF Amid Altcoin Fund Boom
CoinShares has submitted an application for a Solana ETF, which would track SOL’s price and trade on Nasdaq. This follows similar filings from major asset managers like 21Shares, Fidelity, and Grayscale, reflecting heightened demand for altcoin investment vehicles. Analysts estimate a 70% chance of Solana ETF approval this year, buoyed by the SEC’s recent openness to crypto products like Bitcoin and Ethereum ETFs. SOL, the sixth-largest cryptocurrency, is favored for its speed in decentralized applications. The price of SOL recently rose 4% to $156.87, though still below its January peak of $293.31. The SEC’s approval of Bitcoin and Ethereum ETFs—now managing over $100 billion combined—sets a precedent for further crypto fund expansions.
about CoinShares Files for Solana ETF Amid Altcoin Fund BoomTRON Price Dips but Bullish Signals Persist Amid Bitcoin Volatility
TRON’s price recently broke above the $0.274 resistance level, ending a five-month trading range, but was pulled back by Bitcoin’s sudden drop from its peak. Despite the retracement, indicators like the Sharpe Ratio and daily active addresses show resilience, with the altcoin maintaining steady user engagement and adoption. Positive developments, including the minting of a new stablecoin and an ETF application, reinforce TRX’s bullish outlook despite short-term market volatility. Analysts are watching key support levels and Bitcoin’s stability above $100,000 as critical factors for TRON’s next move.
about TRON Price Dips but Bullish Signals Persist Amid Bitcoin VolatilityBlackRock Expected to File for XRP ETF Amid SEC Buzz
Nate Geraci, President of ETF Store, anticipates BlackRock will file for an XRP ETF, following competitors like Bitwise, Franklin Templeton, and WisdomTree, who have already submitted applications. The SEC approved Bitcoin ETFs in January 2024, sparking interest in crypto-based ETFs. With Ripple’s legal battle with the SEC potentially concluding soon, speculation around BlackRock’s entry is growing. Geraci argues it would be illogical for BlackRock, a leader in BTC and ETH ETFs, to cede the XRP ETF space to rivals. However, BlackRock appears cautious after a false XRP ETF filing in 2023. Meanwhile, the SEC has extended review periods for filings from Franklin Templeton, Bitwise, and Grayscale, though analysts like James Seyffart and Eric Balchunas view these delays as procedural rather than rejections, estimating an 85% approval chance for XRP ETFs.
about BlackRock Expected to File for XRP ETF Amid SEC BuzzPudgy Penguins & Lufthansa: Earn Miles with NFT Purchases
Pudgy Penguins has announced a groundbreaking partnership with Lufthansa’s Miles & More program, enabling users to earn travel miles for every purchase made with fiat or PENGU tokens on the Pudgy Shop. The miles can be redeemed with over 300 global partners, including airlines and travel experiences. This collaboration marks a rare fusion of NFTs, physical merchandise, and traditional loyalty programs. Additionally, Pudgy Penguins continues to expand its reach, with recent listings on South Korea’s Upbit exchange and discussions around a unique ETF proposal that includes both PENGU tokens and Pudgy Penguins NFTs. Despite recent price declines, the project remains a leader in blending crypto with real-world utility.
about Pudgy Penguins & Lufthansa: Earn Miles with NFT PurchasesSEC Extends Review for Crypto ETFs Including Dogecoin, HBAR
The SEC has extended review periods for several cryptocurrency ETF proposals, including Bitwise’s Dogecoin ETF, Grayscale’s Hedera Trust, and Canary Capital’s HBAR ETF. Four Solana ETF filings and Grayscale’s Cardano ETF also face delays, with new deadlines set for July 2025 and July 15, respectively. The SEC emphasized that the extensions are for further public comments and do not indicate final decisions. The regulator is evaluating whether these ETFs meet legal standards to prevent fraud and protect investors under federal securities laws. Over 70 crypto-related ETFs are currently awaiting SEC approval, highlighting the growing interest in crypto-based investment products.
about SEC Extends Review for Crypto ETFs Including Dogecoin, HBARNasdaq Seeks SEC Approval for 21Shares SUI ETF Listing
Nasdaq has submitted a 19b-4 filing to the SEC seeking approval to list the 21Shares SUI ETF, initiating the regulatory review process. The proposed fund reflects increasing institutional interest in the Sui blockchain, which has seen $300 million allocated to SUI-based products globally. Sui’s DeFi ecosystem showed strong Q1 growth with record DEX volumes, though the SUI token faced market volatility. Major firms like Franklin Templeton and VanEck have already launched Sui-related initiatives, signaling broader adoption. If approved, the ETF would provide US investors with regulated access to Sui’s native token and ecosystem.
about Nasdaq Seeks SEC Approval for 21Shares SUI ETF ListingSEC Nears Approval for Solana & Litecoin ETFs at 90% Odds
The U.S. SEC appears closer to approving spot ETFs for Solana (SOL) and Litecoin (LTC), with Bloomberg analyst James Seyffart estimating 90% approval odds. XRP follows at 85%, while Dogecoin (DOGE) stands at 80%. The SEC has requested updated S1 forms from issuers, including clarifications on staking and in-kind redemptions, signaling potential approval within 3-5 weeks. Major firms like Grayscale, VanEck, and Bitwise are competing to launch these products. While delays have occurred (with decisions pushed to Q4 2025), Brazil has already introduced its own Solana ETF. The SEC’s crypto task force is actively working with issuers to finalize regulatory details.
about SEC Nears Approval for Solana & Litecoin ETFs at 90% OddsSolana ETF Advances as SEC Requests S-1 Amendments
The SEC has given issuers one week to submit revised S-1 forms for spot Solana ETFs, signaling progress in regulatory approval. This development has already boosted SOL’s price by 6% to $165, with trading volume up 54%. Key asset managers, including VanEck and Fidelity, are addressing SEC concerns, particularly around in-kind redemptions and staking. Market sentiment is bullish, with Polymarket predicting an 85% chance of approval by 2025. However, delays remain possible, as seen with Bitcoin and Ethereum ETFs. Meanwhile, Canada has already launched a staking-enabled Solana ETF, increasing pressure on the U.S. to keep pace. Technical resistance for SOL sits near $182, but long-term forecasts suggest potential for a $1,000 rally if approved.
about Solana ETF Advances as SEC Requests S-1 AmendmentsCanary Capital Plans Injective Staking ETF in Delaware
Canary Capital has formed a Delaware trust named the ‘Canary Staked INJ ETF,’ signaling a move toward a new ETF that combines Injective’s INJ token spot price with staking rewards. While this is an early step, SEC approval remains uncertain, especially given the regulatory scrutiny around staking. Injective’s ecosystem is gaining institutional traction, with BitGo joining as a validator and Google Cloud integrating its developer suite. The network boasts 2 billion transactions, 0.6s finality, and 25,000 TPS, reinforcing its technical edge. INJ’s price has risen 2.31% in 24 hours, reflecting growing investor interest.
about Canary Capital Plans Injective Staking ETF in DelawareSEC Fast-Tracks Solana ETFs, Potential Approval in 5 Weeks
The SEC has directed Solana ETF applicants to file amended S-1 forms within a week, clarifying in-kind redemptions and staking procedures. Sources indicate regulators may allow limited staking within the ETF structure, with a decision expected in 3-5 weeks. Analysts James Seyffart and Eric Balchunas predict potential approval by July, citing the rare ‘C-Corp’ filing format used by REX Shares as a catalyst. Major firms like Fidelity, Grayscale, and VanEck are among the applicants, with Grayscale aiming to convert its Solana Trust into an ETF. Recent delays and a push for first-to-file advantages highlight the competitive landscape. The SEC’s accelerated review suggests growing regulatory openness to crypto-based ETFs.
about SEC Fast-Tracks Solana ETFs, Potential Approval in 5 WeeksCanary Capital Plans INJ Staking ETF via Delaware Trust
Fund manager Canary Capital has initiated the process of creating an ETF for staked Injective (INJ) tokens by establishing a Delaware trust. The ‘Canary Staked INJ ETF’ entity was recently formed, marking a preliminary step before regulatory filings with the SEC. This development could introduce a new investment vehicle offering exposure to staked INJ, leveraging the Injective blockchain’s native token. Delaware trust formation is a standard initial procedure for ETF issuers ahead of SEC submissions.
about Canary Capital Plans INJ Staking ETF via Delaware Trust