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ETF Investors Turn Bearish on Bitcoin, Bullish on XRP and Solana: CoinShares

Investors withdrew over $1.1 billion from Bitcoin and Ethereum funds last week, driven by a decline in Bitcoin's price, as reported by CoinShares. Despite these significant outflows, funds focused on Solana and XRP saw inflows, bucking the overall trend. Investors placed approximately $291 million into Solana-related funds and over $93 million into XRP funds. Overall, digital asset investment products experienced $812 million in outflows, with Bitcoin accounting for $719 million and Ethereum for $409 million. The report indicated that the recent macroeconomic data, particularly regarding GDP and durable goods, influenced expectations regarding future U.S. interest rate cuts, contributing to market volatility. Bitcoin has fluctuated around $210, with a recent uptick but still down over the week, reflecting ongoing uncertainties in the market. Meanwhile, Solana and XRP displayed resilience, showing modest gains in a challenging environment for cryptocurrencies.

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The 5 Largest Publicly Traded Solana Treasury Firms

Publicly traded companies are increasingly adding Solana (SOL) to their balance sheets, with significant investments marked by substantial treasury holdings in this cryptocurrency. Leading the charge is Forward Industries, possessing 6.8 million SOL, driven by a $1.65 billion PIPE financing from major crypto influencers. Following this, Solana Company

Life insurer Meanwhile raises $82M for Bitcoin financial products

Bitcoin life insurance company Meanwhile secured $82 million in funding to expand Bitcoin-denominated savings, annuities, and insurance products. The investment round was led by Bain Capital Crypto and Haun Ventures, highlighting the demand for Bitcoin-based retirement and inflation-proof savings solutions. Meanwhile offers a suite of financial products where all transactions

BNB Continues Historic Surge as Nasdaq-Listed Firm Reveals $611 Million Treasury

BNB has seen a significant surge, hitting a new price high of $1,330 after CEA Industries announced it now holds 480,000 BNB, valued at over $600 million. This announcement led to an 8% increase in CEA's stock on Nasdaq. BNB has surged by 27% in just

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