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.
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Bitcoin’s Resilience in War: Price Stability Amid Conflict
Over the past decade, Bitcoin has demonstrated remarkable price stability during periods of war and geopolitical conflict, as seen in the recent Israel-Iran tensions. Analysts note that while BTC may experience short-term volatility immediately after a conflict erupts, broader adoption and institutional involvement have helped sustain its value. Historical trends suggest Bitcoin is increasingly viewed as a resilient asset, though its risk profile means rapid sell-offs can still occur in crisis scenarios. Experts like André Dragosch of ETC Group emphasize that long-term stability hinges on continued institutional confidence.
read moreCanada 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.
read moreBitwise Predicts Bitcoin Rally Post Iran-Israel Conflict
Bitwise Asset Management’s research indicates that Bitcoin often rallies after geopolitical shocks, with an average gain of 31.2% within 50 days. The recent Iran-Israel conflict triggered a flight to safety, but Bitcoin’s dip was short-lived, rebounding to $106,000–$107,000. Bitwise attributes potential upside to three factors: historical mean-reversion behavior, US dollar weakness, and strong structural demand from ETFs and corporate buyers like MicroStrategy. Despite skepticism about past performance, Bitwise argues current conditions mirror previous rally setups, supported by ETF inflows and macro tailwinds. BTC traded at $107,239 at press time.
read moreCoinShares 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.
read moreBlackRock’s Bitcoin ETF Hits $70B Amid Advisor Boom
BlackRock’s iShares Bitcoin Trust (IBIT) has reached a milestone of $70 billion in assets under management, attracting $1.1 billion in net inflows last week alone. The ETF’s success reflects growing institutional and advisor interest in crypto, with Bloomberg reporting that 20% of spot Bitcoin ETF shares are now held by investment advisors—a figure expected to double in the next year. Experts attribute this trend to BlackRock’s brand trust, regulatory tailwinds under the Trump administration, and advisors’ urgency to meet client demand. Ric Edelman of the Digital Assets Council recommends allocations of 10-40% to crypto, disrupting traditional portfolios. Meanwhile, analysts predict sustained growth for regulated crypto ETFs as professionals seek safer exposure to digital assets.
read moreBitcoin’s $46T Market Potential Beyond Gold
Bitcoin (BTC) is positioning itself as a competitor not just to gold’s $16 trillion market but to the entire $30 trillion US Treasury market used as a store of value, according to Bitwise CEO Hunter Horsley. His comments respond to economist Mohamed El-Erian’s caution about Treasuries losing their status as a safety benchmark. This perspective frames Bitcoin’s total addressable market at $46 trillion, challenging traditional savings instruments as institutional and individual investors reassess risk-off assets.
read moreJapan’s Bitcoin Shift as Debt Pressures Mount
Japanese institutions are reportedly shifting funds into Bitcoin as domestic debt pressures mount, with rising bond yields and an upcoming Bank of Japan (BOJ) policy meeting potentially accelerating this trend. Jeff Park of Bitwise highlights Japan’s $1.1 trillion in foreign reserves and $8.7 trillion in pensions and insurance funds, noting that even a minor reallocation could impact global markets. The BOJ’s potential policy adjustments, including quantitative easing, may further drive Bitcoin demand, with analysts predicting prices could surge to $200,000 if global debt risks worsen. Japan’s influence in global credit markets could also encourage broader institutional adoption of Bitcoin as a reserve asset.
read moreInvesco & Galaxy File Solana ETF Amid SEC Scrutiny
Invesco and Galaxy Digital have registered the Invesco Galaxy Solana ETF as a Delaware Statutory Trust, marking a significant step in the ETF approval process. The SEC has asked issuers to amend S-1 filings, focusing on in-kind redemptions and staking mechanisms—a notable shift in regulatory stance. While no green light has been given yet, the move reflects growing institutional interest in Solana, further bolstered by its partnership with R3 for real-world asset tokenization. SOL’s price rose 1.92% to $146.80 amid the news, with a market cap exceeding $75 million. The ETF could simplify institutional exposure to Solana, mirroring the convenience of traditional stock investments.
read moreBlackRock 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.
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