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Inside Bitwise’s milestone Solana ETF launch

Bitwise has launched its Solana Staking ETF (BSOL) on the New York Stock Exchange, marking a significant milestone in the cryptocurrency investment space. This follows the successful introduction of Bitcoin and Ether ETFs. Bitwise's CIO, Matt Hougan, emphasized the importance of Solana as a major cryptocurrency, noting its substantial market cap of around $110 billion. The launch comes amid heightened demand for U.S. cryptocurrency ETFs, with Bitwise managing to file ahead of its competitors. Institutional interest is significant, particularly in stablecoin and tokenization growth, which Hougan believes will attract more traditional investors to both Solana and Ethereum. The launch timing is viewed as crucial for market success, with Hougan predicting that adjusted for size, BSOL could be the most successful ETP launch of all time, despite not reaching the inflows seen in other asset classes. Concurrently, other cryptocurrency ETFs for Hedera and Litecoin also went live, indicating a growing acceptance of diverse crypto assets.

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XRP Price Analysis: Ripple Trades Higher on Big Flows, Yet Technical Setup Signals Caution

XRP rose by 0.60% to $2.623 as its trading volume surged 47% above the seven-day average, reflecting growing institutional interest. While this bullish behavior is noted, XRP continues to face resistance near $2.68, with many analysts suggesting a consolidation phase is imminent. The support level around $2.

XRP and SOL Futures Open Interest on CME Hits Record High

XRP and Solana futures have reached a record open interest on the Chicago Mercantile Exchange (CME), reflecting a strong appetite for these regulated crypto products. Open interest for both futures totaled around $3 billion, with 9,900 XRP and micro XRP contracts and 15,600 open positions in standard and

Bitcoin News: Standard Pre-FOMC Pullback and $120K Break Puts $143K in Play, Analysts Say

Bitcoin price rebounded near $112,500 after failing to break above $116,000. Analysts are observing the $120,000 threshold, which, if surpassed, could lead to a rally towards $143,000. Currently, Bitcoin trades around $113,000, as traders await the Federal Open Market Committee (FOMC) meeting. They suggest that

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