Bitcoin surged nearly 7% past $94,000 on Wednesday to hit its highest level since early March.
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"I admire the effort but this will still leave everyone who doesn't migrate's coins vunerable, including Satoshi's coins," said one Reddit user about the new proposal.
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Several issuers, including Grayscale, Franklin Templeton and VanEck, have filed paperwork to launch a spot Solana ETF, which have yet to be reviewed by the SEC. Bloomberg Intelligence ETF analysts believe there to be a 75% chance for those funds to be approved by the end of this year.
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