Breaking
April 4, 2025

Solana Included in Grayscale’s New ETF Bid — Is Wall Street Finally Warming Up? Simon Chandler | usagoldmines.com

Solana has fallen by 2% in the past 24 hours, with its move to $125 coming after Grayscale filed to convert its Digital Large Cap Fund into an ETF.

In addition to Bitcoin, Ethereum, Cardano and XRP, the Digital Large Cap Fund includes SOL, meaning that approval of the application could result in the first – or one of the first – spot-based SOL ETFs in the US.

However, this positive news hasn’t done that much to buoy the Solana price, which remains down by 13% in a week, 20% in a month and 30% in a year.

But with Solana’s fundamentals as strong as ever, and deadlines for SOL ETFs approaching, the coming months could prove much more positive for the alt.

Solana Included in Grayscale’s New ETF Bid — Is Wall Street Finally Warming Up?

As detailed in its S-3 filing, Grayscale is proposing to convert a fund containing SOL, BTC, ETH, XRP and ADA into a exchange-traded fund, which would list on NYSE’s Arca exchange.

The filing also reveals the fund’s weighting, which is currently at 73.52% Bitcoin, 16.16% Ethereum, 5.05% XRP, 3.83% SOL and 1.44% ADA.

As such, Solana is not the major partner in the fund, but its existence – and its potential conversion into an ETF – underscores institutional demand for SOL.

And when you add the other Solana ETFs that are currently awaiting review, it highlights how the altcoin could experience a massive surge in institutional buying later in the year.

For now, its chart suggests that it remains somewhat unloved and undervalued, with its indicators continuing to sit in lower regions.

Its RSI, for instance, has been below 50 since the beginning of March, and is still struggling to break through this level.

Solana price chart.
Source: TradingView

Likewise, its 30-day average (orange) continues to drop even further below the 200-day (blue), another sign of overselling and of an impending rebound.

Other bearish signs include a negative funding rate and a relatively low trading volume, at $3.3 billion today (down from $15.5 billion only a month ago).

Based on this, it may be some time before Solana enjoys a proper recovery, with fears surrounding US tariffs serving to keep most markets (apart from the gold market) down today.

In the longer term, Solana’s future looks very bright, given its status as the second-biggest layer-one network in the crypto ecosystem (in terms of TVL).

It could return to $200 by June, while the approval of ETFs in the second half of the year could see it reach $300 by Q4.

Solana Gets Its Own Layer-Two Platform

Since SOL may remain weak for the next few weeks, many traders may like to diversify into newer, potentially more volatile coins in the meantime.

And some of the best new alts right now are currently holding their presales, which can help them gain lots of momentum before they list on exchanges.

One example doing just this is Solaxy (SOLX), which has now raised $28.8 million in its ICO.

Investors are bullish for Solaxy because of its strong fundamentals and market potential, with the project’s status as a layer-two for Solana giving its lots of utility.

As an L2, Solaxy will provide Solana users with faster transactions and lower fees, while also providing instant bridging between itself and its parent network.

Its team will add compatibility with additional chains over time, including Ethereum, something which could give it a very wide reach.

And given that SOLX will be necessary to pay transaction fees, the coin could attract huge demand.

Investors can join its sale by going to the Solaxy website, where SOLX is currently selling at $0.001682.

This price will rise again tomorrow, while it will experience a few more increases before the sale ends, so new buyers should act sooner rather than later.

The post Solana Included in Grayscale’s New ETF Bid — Is Wall Street Finally Warming Up? appeared first on Cryptonews.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Crypto News | Good News for Ripple Investors: Is XRP Preparing for a Rebound? Jordan Lyanchev | usa...

Crypto News | Tokenized assets in US near $20B as DTCC launches AppChain for real-time tokenized ass...

Crypto News | Crypto Price Analysis April-04: ETH, XRP, ADA, SOL, and SHIB Duo Nine | usagoldmines....

Crypto News | Here’s When Coinbase’s XRP Futures Are Expected to Go Live Wayne Jones | usagoldmines...

Crypto News | Disturbing News for Cardano (ADA) and Chainlink (LINK) Investors: Details Jordan Lyan...

Why Crypto Is Down Today: Market Drops to $2.65T Amid U.S. Tariff News Debashree Patra | usagoldmine...

Bitcoin ETFs Face $100M Outflows as Markets Plunge Following Trump’s Tariff Shock Nidhi Kolhapur | u...

USDC Becomes Default Currency for New Binance Pay Users Victor | usagoldmines.com

Coinbase derivatives seeks CFTC approval for XRP futures contracts Nellius Irene | usagoldmines.com

Why Are Dogecoin (DOGE) Investors Scooping Up Big Positions In Mutuum Finance (MUTM)? Cryptopolitan ...

Over 50 Million Americans Now Use Crypto — With Most Users Seeing Value, Study Finds Shalini Nagaraj...

Analyst Predicts Final Altcoin Rally This Cycle, Utility and Network Strength Key to Gains Ruholamin...

Early-Stage Deals for Bitcoin Startups Jumped in 2024, Defying Broader Market Trends Shalini Nagaraj...

Aptos (APT) Ready For A Breakout? Analysts Eye 20% Rally If This Level Is Reclaimed Rubmar Garcia | ...

Michelle Bowman Federal Reserve Hearing: A Turning Point for Crypto Regulation? Vignesh S G | usagol...

Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing ...

Fed Rate Cut Decision in Focus Amid Crypto Volatility and Recession Fears Nidhi Kolhapur | usagoldmi...

Fed Governor Michelle Bowman set for the crypto and industry committee Florence Muchai | usagoldmine...

Bitcoin Market Sentiment Worsens as Bull Score Index Drops to 10 Samuel Edyme | usagoldmines.com

Senate Banking Committee Confirms Paul Atkins as SEC Chair, Crypto Roundtables Ahead Nidhi Kolhapur ...

Meta, Amazon hit hard by Trump’s tariffs as tech stocks plunge Nellius Irene | usagoldmines.com

An odd filing just graced the SEC vs Ripple docket, “liberty for the American people” Florence Mucha...

Crypto Market Slides 3% As Trump’s Sweeping Tariffs Rattle Assets, Recession Fears Mount Shalini Nag...

Gemini Eyes Miami Expansion as SEC Case Nears Conclusion Ruholamin Haqshanas | usagoldmines.com

Kyrgyzstan President Office Signs MoU With Changpeng Zhao in Crypto Push Sujha Sundararajan | usagol...

Crypto News | Crypto Options Traders Turn Bearish as $2.5B Expiry Event Looms Martin Young | usagol...

Crypto News | Pi Network Under Fire: PI Token Plummets 16% to an All-Time Low Jordan Lyanchev | usa...

Pi Network News: Binance Rejects Pi Coin Again, Sending Price to All-Time Low Anjali Belgaumkar | u...

Crypto News Today 5th April : Ripple VS SEC Update, Gold Price,Bitcoin News and More Qadir AK | usag...

CZ enters MOU with Kyrgyzstan to develop crypto and blockchain technology Hannah Collymore | usagold...

JD Vance says that Elon Musk won’t get sidelined by Trump Noor Bazmi | usagoldmines.com

XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Christian Encila | usagoldmines.com

Dogecoin (DOGE) Bleeds Further—Fresh Weekly Lows Test Investor Patience Aayush Jindal | usagoldmines...

Crypto News | Here’s Why Ethereum (ETH) Continues to Bleed, According to CryptoQuant Mandy Williams...

Ripple Lawsuit News: ‘Decisive Evidence in Favor of Defendants’ Requested in Emergency XRP Filing A...

Big News: Coinbase Files for XRP Futures, Spot ETF Approval Soon? Anjali Belgaumkar | usagoldmines....

Anniversary Spotlight: How RaveDAO Blended Crypto Parties with Purpose in 2024 Cryptopolitan Media |...

DeFAI, AI agents, and DeSci narratives lead 2025 price decline after leading in late 2024 Hannah Col...

42% of Brazilian Investors Have Bought Crypto – Survey Tim Alper | usagoldmines.com

Ethereum Price Losing Ground—Is a Drop to $1,550 Inevitable? Aayush Jindal | usagoldmines.com

Is Ethereum Repeating Its 2020 Trend Reversal? Analyst Predicts ETH To ‘Explode’ In Q2 2025 Ash Tiwa...

XRP Battle Heats Up—Can Bulls Turn the Tide? Aayush Jindal | usagoldmines.com

Here’s what the trillion dollar tariff wall means for big tech Shummas Humayun | usagoldmines.com

Gemini expands to Miami’s Wynwood with first South Florida office lease Nellius Irene | usagoldmines...

Bitcoin Price Still In Trouble—Why Recovery Remains Elusive Aayush Jindal | usagoldmines.com

Ethereum Faces ‘Hyperinflation Hellscape’—Analyst Reveals Key On-Chain Insights Samuel Edyme | usago...

Trump’s so-called ‘Liberation Day’ may push the US into a recession Shummas Humayun | usagoldmines.c...

Experts Explain Why Ethereum (ETH) Price Could Fall Below $1,500 In 2025 As Buyers Search For Promis...

Mitsubishi UFJ ‘On Verge of Launching Japan’s First Stablecoin’ Tim Alper | usagoldmines.com

Glassnode Finds XRP Is Retail’s Top Pick This Cycle Jake Simmons | usagoldmines.com

Crypto News | Bitcoin hashrate hits record 972 EH/s as US miners capture 30% of market Oluwapelumi A...

Ethereum and XRP Struggle for Momentum While MAGACOIN FINANCE Targets +2,500% in 2025 Cryptopolitan ...

Senate Banking Committee Advances Paul Atkins to Lead SEC 13-11 Julia Smith | usagoldmines.com

Illinois Drops Coinbase Staking Lawsuit, Following Other U.S. States Hassan Shittu | usagoldmines.co...

New York Court Bans Genius Group from Trading Stocks and Holding Bitcoin Hassan Shittu | usagoldmine...

Crypto News | SEC holds meetings with BlackRock, Crypto Council to discuss crypto ETF rules Gino Mat...

Crypto News | StanChart predicts AVAX will 10x by 2029 to outperform Bitcoin, Ethereum Assad Jafri |...

Crypto News | Bitcoin-native startups see funding boost despite overall capital decline in 2024 Gino...

Dogecoin Price Notches Higher Lows Amid Market Downturn, Why A 270% Surge Is Possible Scott Matherso...

S&P 500 and Nasdaq go deeper into correction as Russell 2000 enters bear market Jai Hamid | usag...

Shiba Inu Suffers More Blows As Meme Investors In SHIB Opt For Real-World Solutions With Mutuum Fina...

Fed chair Powell is coming to terms with the fact that he needs to cut rates now, not later Jai Hami...

Top crypto casinos that don’t require ID verification Cryptopolitan Media | usagoldmines.com

Dogecoin To $0.57 Or $0.06? Analyst Says DOGE’s Fate Hinges On This Level Keshav Verma | usagoldmine...

Crypto News | US House Passes STABLE Act for Stablecoin Regulation Martin Young | usagoldmines.com

Crypto News | Bitwise unveils 3 new ETFs to capitalize on crypto volatility for monthly income Oluwa...

Cardano launches new open-source digital identity platform Brenda Kanana | usagoldmines.com

Stablecoins flowed to a new set of chains in Q1 in search of growth Hristina Vasileva | usagoldmines...

Binance Co-founder CZ Donates 1,000 BNB to Thailand and Myanmar Earthquake Relief Efforts Jimmy Aki ...

BNY Mellon Launches Blockchain Accounting Tool, BlackRock as First Client Hassan Shittu | usagoldmin...

Crypto News | Lawmakers Urge SEC to Preserve Records on Trump-Linked Crypto Firm Wayne Jones | usag...

Crypto News | BlackRock’s BUIDL fund pays $4.17M dividends in March, surpasses $25M in total payout ...

Crypto News | Brazil’s largest lender becomes latest TradFi institution to consider launching its ow...

Crypto News | Changpeng Zhao signs MoU to boost blockchain growth in Kyrgyzstan Gino Matos | usagold...

Hong Kong investigates trust companies amid Justin Sun’s claims against First Digital Trust Cryptopo...

Why XRP Won’t Reach $3 Again In 2025, But This Crypto Coin Priced At $0.025 Will Surge Past the Mark...

World nations are retaliating against Trump’s ‘Liberation Day’ announcements Noor Bazmi | usagoldmin...

Alabama Lawmakers Introduce Bitcoin Reserve Bill as Institutional Appetite Grows Aliyu Pokima | usag...

XRP Could Spark Early Retirement Amid This Highly Expected Upswing Aliyu Pokima | usagoldmines.com

Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play? Sebastian Villafuerte | ...

Cardano (ADA) News Today And Why Mutuum Finance (MUTM) Is Emerging As A Must Have For Crypto Traders...

Missing from Trump’s tariffs list, Russia imported $22 billion of goods into US since 2022 Lubomir T...

Will Pi Network Survive This Unlock? Token Nears All-Time Low as Supply Flood Looms Simon Chandler |...

Is Ripple Building the Next USDT? RLUSD Stablecoin Quietly Nears $250M Alejandro Arrieche | usagoldm...

Trump Sell-off: Bearish Conditions Persist After Tariff Announcement: CryptoQuant Tanzeel Akhtar | u...

Polymarket Bettors Predict Nearly 50% Chance of Recession as Tariffs Hit Markets  Julia Smith | usag...

Cardano Price Breaks Out Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target Scott Mather...

Crypto News | Las tarifas de EE.UU. borran más de USD 140 mil millones del mercado cripto: detalles...

Crypto News | TreasureNFT Users Cry Scam as Platform Freezes Withdrawals Wayne Jones | usagoldmines...

Crypto News | Kadena Solves Ethereum Scalability with Chainweb EVM Chainwire | usagoldmines.com

Crypto News | Trump-Inspired Meme Coins Crash Hard Following Latest Tariffs: Details Here Dimitar D...

Crypto News | SHIB Plunges 15% in a Week but Long-Term Holders Remain Unfazed Chayanika Deka | usag...

Crypto News | Everstake Passes Independent ChainSecurity Audit to Make Staking Safer Chainwire | us...

Crypto News | Render Network to Host RenderCon 2025: Exploring the Future of Hollywood and AI Chain...

Crypto News | Stabull Labs Announces Public Sale of $STABUL Token on ProBit Global Exchange Chainwi...

Crypto News | Treasure DAO Shutdown Sends MAGIC Token Down 18% Wayne Jones | usagoldmines.com

Crypto News | Bitcoin Price Analysis: BTC May Drop to $68K if $80K Support Fails CryptoVizArt | usa...

Crypto News | North Korean hackers net $2.5 million profit after WBTC sales Oluwapelumi Adejumo | us...

Mutuum Finance (MUTM) Raises Over $6 Million in Record Time as Token Is Predicted to Be the Best of ...

Ethereum (ETH) developers may set the Pectra update for May 7 Hristina Vasileva | usagoldmines.com

Leave a Reply