All new ETFs launch… including a staking SOL ETF
A new wave of altcoin ETFs began trading this morning with the most hype surrounding the Bitwise Solana Staking ETF (BSOL) launching on the NYSE. Bitwise’s goal is to “maximize staking rewards by targeting a 100% stake ratio, resulting in a staking reward rate of 7.34%.” For three months, Bitwise will waive management fees on the first $1 billion of AUM.
Launching today is also Canary Capital’s spot hedera ETF (HBR) and a litecoin ETF (LTCO) — the first of their kinds — on the Nasdaq. Read more →
France Floats a Huge BSR
The Union of the Right and Centre (UDR) party has reportedly drafted France’s first comprehensive crypto bill proposing a national BTC reserve with a target of up to 2% of supply over 7-8 years (see breakdown here). The draft envisions holdings to be funded via nuclear/hydro-powered mining, allows the state to retain seized crypto, with plans to route ~€15M/day from retail savings plans, plus optional tax payments in BTC. Reality check: this isn’t close to becoming law and just an early proposal. And given current French politics, this bill has very long odds of passing anytime soon. Read more →
Zelle and Western Union are jumping into Stablecoins
With both announcements citing the GENIUS Act, Zelle will use stablecoins to enable cross-border transfers (currently only used by customers of US banks) and is considering issuing its own stablecoin. Western Union meanwhile wants to give customers – think remittances – more choice and lower friction, reducing reliance on traditional banking. The gist is that more mainstream players are building on stablecoins and the cross-border battlefield is quickly getting crowded – a narrative that should (sorry, not sorry) scare the sh*t out of long-term XRP hodlers. Adding to the pressure, IBM just launched Digital Assets Haven, a crypto service of their own that aims to help banks and government looking for custody and settlement solutions. Read more →
Trump Media unveils prediction market Truth Predict Link»
Apple crosses $4 trillion market cap for the first time Link»
Strive, the Vivek Ramaswamy-backed bitcoin treasury company, is surging again on elevated retail interest Link»
Prenetics Raises $48M To Buy Bitcoin Link»
Don't Let Anyone Tell You You Can't Solo Mine A Bitcoin Block Link»
Securitize to go public at $1.25B via Cantor SPAC deal Link»
📥️ Want to advertise in CoinSnacks? Learn More