
Evgeny🍖
@gagash
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First Solana ETF Goes Live, Hinting At A Potential Boom For Altcoin Funds
The altcoin market is making significant inroads into traditional finance, with the recent launch of the first Solana ETF on the Cboe BZX stock exchange in Chicago.
Named the REX-Osprey SOL and Staking ETF, this fund is designed for investors looking to gain exposure to Solana. In addition to tracking Solana’s price movements, the fund also offers a variable monthly dividend, currently set at 7.3%.
Solana ETF Launch Fuels 2% Price Surge
Following this Solana ETF debut on Wednesday, SOL’s price surged by 2%, reaching around $152, while the investment vehicle attracted about $20 million in inflows by midday, as noted by Greg King, CEO of REX Financial.
https://bitcoinist.com/first-solana-etf-goes-live-boom-for-altcoin-funds/ 0 reply
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Bitcoin bull case hinges on Fed rate cut expectations, analysts say
With bitcoin hovering around $105,000, analysts at Bitfinex suggest it could target the $120,000 to $125,000 range in June if a weak U.S. jobs report triggers a domino effect toward earlier-than-anticipated Fed rate cuts. However, stronger-than-expected Labor data could see bitcoin drop toward $95,000, they said.
The latest U.S. jobs report, set for release on Friday, is expected to show a slowdown in labor market growth, with forecasts ranging from 125,000 to 130,000 new nonfarm payrolls added, down from April's 177,000, the Bitfinex analysts noted in an email to The Block. The unemployment rate is expected to hold at 4.2%, while average hourly earnings are forecast to rise by 0.2% to 0.3% month-over-month.
https://www.theblock.co/post/357108/bitcoin-bull-case-hinges-on-fed-rate-cut-expectations-analysts-say 0 reply
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