Bitwise Asset Management’s spot Solana ETF (BSOL) launched with explosive momentum, attracting $69.5 million in debut inflows that dramatically outpaced the $12 million drawn by Rex-Osprey’s competing Solana Staking ETF (SSK). The divergent performance signals strong institutional preference for BSOL’s direct exposure model and competitive 0.20% management fee, even as Solana’s price declined 3.1% to $194 on launch day, highlighting a potential decoupling between ETF demand and short-term price movements.
read moreChicago Board Options Exchange
0 in Finance and 1 in Crypto last week
Covered Call Strategy: Earn Income from Stocks
The covered call strategy offers investors a disciplined approach to generating steady income from stocks they already own, even during periods of minimal price movement. This time-tested options technique, popularized since the Chicago Board Options Exchange launched in 1973 and gaining traction in India after the NSE introduced derivatives trading, provides premium income while maintaining stock ownership. By selling call options against existing holdings in companies like Reliance Industries or Infosys, conservative investors can create an additional revenue stream with limited risk, making it ideal for sideways or mildly bullish market conditions.
read moreCboe to Launch 10-Year Bitcoin, Ether Futures in November
Cboe Global Markets, under the Chicago Board Options Exchange, announced plans to launch continuous futures contracts for Bitcoin and Ether with an unprecedented 10-year expiration date. Scheduled for November 10 pending regulatory review, these products aim to simplify long-term position management for US traders by eliminating frequent contract rollovers. The initiative represents a significant bridge between decentralized finance innovations and traditional regulated markets, potentially attracting institutional investors seeking extended exposure to major cryptocurrencies without the operational complexity of shorter-term derivatives.
read moreCboe Files to List Staked Injective ETF, Expanding Crypto Offerings
The Cboe has submitted a 19b-4 filing to list Canary Capital’s proposed staked Injective ETF, following the firm’s S-1 application with the SEC in July. If approved, this would be the third staked crypto ETF in the U.S., joining Solana and Ether-based funds. The ETF aims to generate staking rewards by leveraging an approved staking platform, further expanding regulated crypto investment options for U.S. investors. This development underscores the growing institutional interest in crypto staking and ETF products.
read moreXRP Price Analysis and Key Levels for Potential Breakout
XRP has experienced a significant decline of 16.78% over the past week, currently trading at $2.49 after a slight recovery. Technical analysis suggests key levels between $2.27 and $2.45, with a crucial resistance at $2.80 indicating potential bullish momentum if surpassed. Meanwhile, the filing of XRP Spot ETF applications by the Chicago Board Options Exchange could influence market sentiment as the SEC reviews them.
read moreBitcoin ETF Liquidity Expected to Increase After SEC Options Approval
Bitcoin exchange-traded funds (ETFs) are poised for a liquidity surge following the SEC’s approval of options trading for these funds, which could enhance institutional demand and inflows. As the 2024 US presidential elections approach, risk-on sentiment is expected to grow, potentially driving Bitcoin’s price higher. Analysts suggest that a weekly close above $68,700 is crucial for confirming a breakout, with Bitcoin ETFs recently surpassing $20 billion in net flows within just ten months.
read moreWisdomTree and VanEck Withdraw from Spot Ethereum ETF Market
WisdomTree has withdrawn its application for a spot Ethereum ETF, while VanEck is exiting the market due to poor performance and low investor interest. VanEck will delist its ETHV fund on September 16 and liquidate it by September 23, with investors receiving cash distributions equal to their shares’ net asset value.
read moreFranklin Templeton Endorses Solana, Fueling Speculation of Solana ETF
Franklin Templeton’s endorsement of Solana has sparked speculation about a potential spot Solana ETF, following the recent debut of its Ethereum ETF. Industry experts predict the imminent launch of a Solana ETF, with the first applications expected to receive final decisions from the US SEC around mid-March 2025. The ETF Store President and other analysts foresee an upcoming ETF era for crypto assets, including Solana, as the industry continues to evolve.
read moreCBOE to Launch Five Ethereum ETFs on July 23, Pending Approval
The Chicago Board Options Exchange is set to launch five spot Ethereum Exchange Traded Funds (ETFs) on July 23, pending regulatory approval. This move comes after the US Securities and Exchange Commission authorized rule modifications to allow the listing of multiple spot Ether ETFs. The anticipated launch has sparked increased demand from institutions, potentially leading to a shortage of Ether and heightened price volatility.
read moreSolana Blockchain Sees Bullish Surge Amid ETF Approval Anticipation
The Solana blockchain is experiencing increased trading activity, with larger buyers accumulating SOL, signaling a potential bullish trend. The surge in interest comes as the anticipation of upcoming ETF approvals for SOL grows, leading to a 17% price increase in just two days. This heightened activity suggests strategic accumulation by high-profile investors and growing optimism in the cryptocurrency market.
read more