Market focus

The United States’ first Solana staking exchange-traded fund (ETF) ended its debut trading day with $12 million in inflows — a positive sign for crypto staking-enabled ETFs. The REX-Osprey Solana Staking ETF debuted on the Cboe BZX Exchange on Wednesday, recording $33 million in trading volume and $12 million in inflows, according to Bloomberg ETF analyst Eric Balchunas. The fund, trading…

The first US-staked cryptocurrency exchange-traded fund (ETF) will launch on Wednesday, allowing investors to hold Solana and earn yield through staking. Two days after Cointelegraph reported that the REX-Osprey Solana and Staking ETF could launch imminently, issuer REX Shares confirmed on Monday that the fund is set to debut. As the name suggests, the REX-Osprey fund will…

Japanese Bitcoin treasury firm Metaplanet has surpassed mining company Cleanspark in becoming the fifth-largest corporate holder of Bitcoin after buying another 1,005 BTC for $108 million. The firm now holds 13,350 BTC acquired for around $1.31 billion at around $97,832 per Bitcoin. At current market prices, the treasury is worth $1.45 billion. Bitcoin mining company…

Coinbase Global (COIN) stock extended its rally on Wednesday, setting a fresh 52-week high and coming within range of its record closing price from November 2021, as the broader digital asset industry followed Bitcoin’s lead. Shares of the crypto exchange rallied by as much as 7.1% Wednesday morning, reaching an intraday high of $369.25, according…

The growing use of yield-bearing tokenized US Treasury products as collateral for leveraged crypto trading creates new pathways for risk transmission across markets, increasing the likelihood of cascading effects on decentralized finance (DeFi) protocols. Tokenization is the process of converting real-world assets into digital tokens on a blockchain. In the case of US Treasurys, these…

Shares of Circle Internet Group (CRCL) hold the largest weighting in VanEck’s digital asset corporate index, highlighting the stablecoin issuer’s growing influence in the crypto economy. Circle stock makes up 13% of the MVIS Global Digital Assets Equity Index (MVDAPP), which was developed by a VanEck subsidiary to track the performance of the largest and…