Solana (SOL) has rebounded from its June 14 low of $140.21, now trading at $151 amid strengthening technical indicators. A potential golden cross on the MACD and an RSI nearing 50 suggest upward momentum, while Galaxy Digital’s $101M SOL staking highlights institutional confidence. The Solana ETF race is heating up, with CoinShares joining seven other firms in filing applications—analysts now estimate a 90% approval chance. If buying pressure holds, SOL could test resistance at $157.92, with $165.12 as the next target. However, a drop below support at $142.59 remains a risk if demand falters.
about Solana Rebounds: Golden Cross & ETF Hype Fuel RecoveryCoinshares
0 in Finance and 0 in Crypto last weekCrypto Funds Hit Record $1.9B Inflows Amid Global Tensions
Crypto-focused investment products defied geopolitical uncertainty, recording $1.9 billion in inflows last week—the ninth straight week of growth, per CoinShares. Bitcoin dominated with $1.3 billion, while Ethereum saw $583 million, its highest since February. The U.S. led investments, but Europe also showed strong interest, though Hong Kong and Brazil saw outflows. Despite brief volatility from Middle East tensions, Bitcoin rebounded above $105K, and Ethereum surged to $2,625. Altcoins like XRP and Sui also gained traction, with institutional confidence growing as Nasdaq filed for a Sui ETF. The data underscores crypto’s resilience and deepening institutional adoption.
about Crypto Funds Hit Record $1.9B Inflows Amid Global TensionsSolana ETF Hype and Solaxy Layer-2 Presale Surge
Solana is experiencing a surge in institutional interest, with firms like DeFi Development and SOL Strategies raising hundreds of millions for SOL-focused initiatives. The potential approval of spot Solana ETFs, including filings by CoinShares, could further legitimize SOL as a yield-generating asset. Solana’s Total Value Locked (TVL) has surpassed $8B, reflecting its growing adoption. Simultaneously, Solaxy, Solana’s first Layer-2 chain, has raised $54M in its presale, with its multichain functionality and upcoming mainnet launch generating excitement. While SOL’s price lags behind its adoption, the combination of ETF potential and Layer-2 innovation could propel both SOL and Solaxy ($SOLX) forward, though regulatory and market risks remain.
about Solana ETF Hype and Solaxy Layer-2 Presale SurgeCanada Approves First Spot XRP ETF, Trading Starts June 18
Purpose Investments’ spot XRP ETF has received approval from the Ontario Securities Commission (OSC), marking a groundbreaking moment for crypto regulation in Canada. The ETF, trading under the ticker XRPP, will provide investors with direct exposure to XRP’s price movements without owning the cryptocurrency itself. Purpose Investments’ Chief Innovation Officer, Vlad Tasevski, praised the decision as reinforcing Canada’s leadership in regulated digital asset ecosystems. This follows Canada’s recent approval of a spot Solana ETF, highlighting the country’s progressive stance on altcoin investment products. Meanwhile, the U.S. SEC is still deliberating on similar XRP ETF applications, with analysts predicting an 85% chance of approval this year. Despite regulatory hurdles and legal controversies surrounding XRP, the asset’s price shows potential for a rebound, with targets of $2.6 and $5 in the near term.
about Canada Approves First Spot XRP ETF, Trading Starts June 18Crypto Outflows Hit $1.2B Amid Fed Rate Uncertainty
Crypto investment products faced another week of significant outflows, with $584 million exiting the market, bringing the two-week total to $1.2 billion. The withdrawals were driven by investor skepticism over potential Federal Reserve rate cuts, as noted by CoinShares’ Head of Research James Butterfill. Bitcoin bore the brunt of the outflows with $630 million withdrawn, while Ethereum saw $58 million exit. Despite the bearish trend, altcoins like Solana and Litecoin attracted modest inflows, and multi-asset products gained $98 million. Regional disparities emerged, with the U.S. leading outflows while Switzerland and Brazil saw net inflows. The data underscores the market’s sensitivity to macroeconomic signals and diverging regional strategies.
about Crypto Outflows Hit $1.2B Amid Fed Rate UncertaintyCrypto Inflows Hit $13B Despite Geopolitical Tensions
Institutional digital asset investment products have recorded $13.2 billion in year-to-date inflows, with $1.9 billion added last week alone, according to CoinShares. Despite geopolitical concerns, crypto assets remained resilient, attracting inflows alongside gold. The US led with $1.9 billion in inflows, while Germany, Switzerland, and Canada followed with smaller amounts. Bitcoin saw $1.3 billion in inflows after two weeks of outflows, and Ethereum extended its eight-week streak with $583 million last week. Meanwhile, Hong Kong and Brazil experienced outflows, highlighting regional disparities in crypto adoption.
about Crypto Inflows Hit $13B Despite Geopolitical TensionsCoinShares 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 BoomCrypto Funds See $1.9B Inflows as Bitcoin, Ethereum Rally
Digital asset funds attracted $1.9 billion in inflows last week, extending a nine-week streak to $12.9 billion cumulatively, per CoinShares. Bitcoin rebounded with $1.3 billion in inflows, reversing prior outflows, while Ethereum saw $583 million—its highest weekly inflow since February. XRP and Sui also gained traction. Western markets, led by the U.S., drove growth, while Asia and South America saw outflows. Investors appear to prioritize crypto’s long-term value over Middle East tensions, with institutional confidence remaining strong.
about Crypto Funds See $1.9B Inflows as Bitcoin, Ethereum RallyCrypto ETPs Hit Record $13.2B YTD Inflows Amid Bitcoin Rally
Crypto ETPs have set a new record with $13.2 billion in year-to-date inflows, driven by sustained investor demand. The latest week saw $1.9 billion in inflows, extending a nine-week streak to $12.9 billion, according to CoinShares. Bitcoin’s proximity to all-time highs and Ether’s brief climb above $2,800—a level last seen in February—contributed to the bullish sentiment. James Butterfill, CoinShares’ head of research, highlighted the milestone as a sign of growing institutional and retail confidence in crypto investment products.
about Crypto ETPs Hit Record $13.2B YTD Inflows Amid Bitcoin RallySpot Ethereum ETFs Hit Record 19-Day Inflow Streak, Nearing $1.4B
Spot Ethereum ETFs in the US have set a new record with 19 consecutive days of net inflows from May 16 to June 12, totaling nearly $1.4 billion. BlackRock’s ETHA led the inflows, capturing 70% of the total. This streak surpasses the previous 18-day record from late 2024, signaling renewed investor confidence. Ethereum-linked products also dominated weekly fund flows, with CoinShares reporting seven consecutive positive weeks. The ETFs are now approaching $4 billion in cumulative inflows, reinforcing Ethereum’s position as the second-largest crypto fund segment in the US.
about Spot Ethereum ETFs Hit Record 19-Day Inflow Streak, Nearing $1.4BBlackRock 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 BuzzWhy Firms Hesitate to Add Bitcoin to Treasury Reserves
While Bitcoin adoption as a treasury reserve asset is accelerating, most major firms—including Meta—have yet to embrace it. CoinShares’ James Butterfill argues the case is compelling, but corporate resistance persists. Meta shareholders overwhelmingly dismissed a proposal to assess Bitcoin’s suitability, despite the company holding $72 billion in liquid reserves. Only a handful of firms, like MicroStrategy, have fully committed to BTC as a reserve asset, signaling lingering institutional caution despite crypto’s potential benefits.
about Why Firms Hesitate to Add Bitcoin to Treasury Reserves