Asset management firm and ETF issuer Fidelity has officially submitted an S-1 registration filing for a Solana spot ETF. The exchange-traded fund will also include staking options for users. Fidelity isn’t the only firm eyeing a SOL ETF, with a flurry of companies issuing SOL ETF S-1 amendments on Friday, including VanEck, 21Shares, Bitwise, Grayscale, Canary Capital, and Franklin Templeton. VanEck was the first U.S. company to file for a spot Solana ETF in June 2024 and was also the last to submit its amended S-1 filing for the day. Fidelity advances toward a spot SOL ETF Fidelity submitted its S-1 statement Friday to the U.S. Securities and Exchange Commission (SEC). The firm acknowledged that the proposed Fidelity Solana Fund would operate as a Delaware statutory trust. The ETF’s goal is to mirror SOL’s performance based on the Fidelity Solana Reference Rate Index, which calculates price data using a volume-weighted median price after 15 seconds. The index aggregates prices from eligible spot markets and reflects the real-time value of SOL in U.S. dollars. The ETF issuer revealed that the fund aims to keep SOL in custody and earn extra yield by staking some of its holdings through vetted providers. The resulting staking rewards will be treated as income and distributed accordingly. Fidelity has named a custodian who will store all SOL in segregated accounts on behalf of the trust. According to the company, most assets will be held in cold storage with limited SOL in hot wallets for transactions. The firm also plans to list shares on the Cboe BZX Exchange, though the ticker symbol remains undisclosed. According to Fidelity, shares will be created and redeemed in large blocks called Baskets, mainly by authorized participants using either SOL or cash. The asset management firm added that daily net asset value (NAV) will be calculated using the same index method applied to SOL pricing. The filing also revealed an annual sponsor fee tied to the fund’s SOL assets, though the percentage remains undisclosed. Fidelity said the fee will cover most standard operating expenses, except for unusual costs and a separate staking-related fee paid to the custodian from staking rewards. Fidelity’s affiliate, FD Funds Management LLC, will sponsor the product. The firm said the Trust will not use leverage, derivatives, or complex instruments, keeping the structure simple for traditional investors. According to the asset management company, the custodian will control all private keys, and the sponsor will oversee staking activities and manage security. The Trust’s assets, including staked SOL, are not protected by the FDIC or SIPC insurance. To initiate the momentum, a sponsor affiliate purchased a single Seed Share to set up the fund. Fidelity also clarified that the trust isn’t registered under the Investment Company Act of 1940, which means investors won’t receive the same regulatory protections given to traditional mutual funds or ETFs that fall under that law. The trust needs registration approval from the SEC before sales can commence. Fidelity has labeled the trust as an emerging growth company, allowing it to follow scaled-back reporting rules initially. SEC urges ETF issuers to update their S-1 filings by June The latest filing follows the U.S. SEC’s directive last week for spot Solana ETF issuers to update their S-1 filings by June. Bloomberg’s ETF analyst Eric Balchunas said at the time that the agency’s request indicates it’s more likely than before to approve some of the products, giving a timeline of two to four months for spot SOL ETFs to go live. Bloomberg analyst James Seyffart doubts the Solana ETF approval will come as soon as next week. “I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it. If anyone remembers the Bitcoin ETF launch, there were a lot of filings over the preceding couple months before launch.” – James Seyffart , ETF Analyst at Bloomberg The regulator also reportedly asked issuers to update language surrounding in-kind redemptions and how issuers would approach staking. Firms have been advocating for the agency to approve Ethereum and Solana staking ETFs, which would earn holders staking yield. The SEC has approved spot Bitcoin and Ethereum ETFs as well as several blended crypto-equity funds. ETF issuers, including VanEck, 21Shares, and Canary Capital, recently urged the agency to practice a first-to-file approach, where the SEC prioritizes greenlighting financial products based on the order of arrival KEY Difference Wire helps crypto brands break through and dominate headlines fast
The cryptocurrency market faces renewed bearish pressure as Bitcoin, Ethereum, and XRP approach critical support levels, signaling potential volatility ahead. Amidst geopolitical tensions, these leading digital assets exhibit consolidation patterns,
As Bitcoin's value climbs toward unprecedented levels, another digital asset is grabbing the spotlight. A viral meme coin named XYZVerse is turning heads with its astonishing growth potential. Could this underdog be the key to even greater wealth? Uncover how this unexpected contender might surpass Bitcoin's gains and redefine opportunities in the digital currency market. XYZVerse Sets a New Trend, Could This be the Next 50X Meme Coin? The buzz around XYZVerse is real. it is going to break records in the meme coin space, targeting 50X growth upon launch. The current presale gives early investors the chance to grab $XYZ tokens at a significantly discounted price, far below the expected listing price. Bullish Mood on $XYZ XYZVerse is already featured on CoinMarketCap where the community has shown a strongly bullish mood on this coin, with 95% voters anticipating $XYZ to grow. XYZ was further noticed by reputable crypto influencers. DanjoCapitalMaster , who has close to 800,000 followers, recently expressed his support for the project, calling XYZVerse a “moonshot opportunity.” More Than Just a Meme Coin Unlike most meme coins that ride trends without much substance, XYZVerse is setting a new trend. It is blending the high-energy world of sports with the viral nature of meme culture. And it’s working. The presale is moving fast, with early buyers locking in tokens at a fraction of what some believe could be its future value. Right now, XYZVerse is still in its presale phase, but demand is high. The price has already climbed from $0.0001 in Stage 1 to $0.003333 by Stage 12, with over 70% of the $15 million milestone already raised. Investors who got in early have secured a steep discount, and with a final presale target price of $0.1, those numbers have people paying attention. Still Time to Get in Before the Presale Ends Beyond just hype, XYZVerse has a structured tokenomics model aimed at long-term sustainability. A share of 15% is allocated to liquidity to create a solid market foundation.To reward its community via airdrops and bonuses, the team has put aside 10% of the total supply. Moreover, a big chunk of 17.13% is designated for deflationary burns, which could reduce supply and drive demand for $XYZ over time. A Community-Driven Project With Big Plans One thing setting XYZVerse apart is how it engages its community. The team recently launched the Ambassador Program, giving users the chance to earn free tokens by supporting the project. And that’s just the start—there are already talks with major sports celebrities to help boost visibility. The recent partnership with decentralized sportsbook bookmaker.XYZ underscores XYZVerse’s commitment to expanding its utility. It’s a big move that gives the community something to actually use. 🔥First Exclusive Bonuses from Our Partners🔥You showed huge interest — now it's time to cash in💰 @bookmakerxyz is kicking things off with an exclusive First Bet Insurance for $XYZ holders.🔹 How it works:1️⃣ Visit: https://t.co/iIVMCfXh8H 2️⃣ Connect your EVM wallet that you… pic.twitter.com/ydY353SLTE — XYZVerse (@xyz_verse) April 2, 2025 As part of the deal, $XYZ holders get a special bonus on their first bet—a nice perk that adds extra value just for being part of the ecosystem. By bringing together traditional sports fans and the fast-moving crypto space, XYZVerse is building something different—something with entertainment value and real engagement. Could XYZVerse Be the Next Big Meme Coin? With a fast-growing presale, a strong community, and an ambitious roadmap, XYZVerse has the ingredients of a project with serious potential. While the crypto market is always unpredictable, many investors see this as an opportunity to get in early on something big. The presale won’t last forever—so if you’re interested, now might be the time to take a closer look. Join XYZVerse, the Next Moonshot Opportunity Bitcoin: The Digital Gold Changing the Future of Money Bitcoin is the first cryptocurrency, created by someone known as Satoshi Nakamoto. It runs on a technology called blockchain, allowing people to send money directly to each other without a bank. Instead of physical coins, Bitcoin is a network of computers keeping records of transactions. Miners verify these transactions by solving complex puzzles and are rewarded with bitcoins. This makes the system secure and resistant to fraud. About every four years, the reward miners get is cut in half in an event called "halving." There will only ever be 21 million bitcoins, making it scarce like gold. In the current market, Bitcoin remains strong compared to other cryptocurrencies. Its limited supply and growing acceptance make it attractive. While other coins come and go, Bitcoin has stood the test of time. With more people and companies using it, Bitcoin could be a good choice for those interested in the future of digital money. Conclusion Bitcoin's rise is promising, but XYZVerse's unique memecoin offers greater potential, uniting sports fans and aiming for 20,000% growth—making it a standout in the crypto space. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bond performance is in the gutter while bitcoin is reaching all-time highs. Savvy financial advisors are now telling their peers to throw out bonds and replace them with crypto. Abra’s Barhydt Predicts Crypto Will Replace Classic 60/40 Asset Allocation The decades-long rule of thumb for diversifying assets in a client portfolio by allocating 60% of
Bitcoin’s price exhibited notable volatility during the 2024 Israel-Iran conflict, revealing a pattern of short-term dips followed by strong recoveries amid geopolitical tensions. Historical data from Crypto Rover indicates that
The U.S. Securities and Exchange Commission (SEC) has approved Trump Media and Technology Group’s (TMTG) registration statement linked to a $2.3 billion Bitcoin treasury initiative. Key Takeaways: The SEC approved Trump Media’s $2.3B Bitcoin-linked registration, covering 85 million shares. TMTG says it has no immediate plans to issue new securities despite gaining shelf flexibility. CEO Devin Nunes says the firm aims to grow its media, fintech, and Bitcoin holdings in parallel. The decision, revealed in a June 13 filing , marks a major regulatory step for the company behind Truth Social, the platform founded by President Donald Trump and partially owned by him. According to the filing, the SEC declared effective TMTG’s S-3 registration statement, initially submitted on June 6. Trump Media Registers 85M Shares Linked to $2.3B Bitcoin Deal: SEC The document outlines the registration of roughly 56 million shares and an additional 29 million shares tied to convertible notes, forming part of the firm’s broader equity and debt agreements with approximately 50 investors. The total proceeds from these arrangements amount to $2.3 billion. Although the registration includes a universal shelf to allow TMTG greater capital-raising flexibility, the company said it has “no immediate plans” to issue new securities under the provision. The move appears more strategic than urgent, aligning with TMTG’s stated ambition to evolve beyond its media roots. TMTG President and CEO Devin Nunes said the company is now pushing forward on multiple fronts. “We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities,” Nunes said. “By simultaneously enhancing and growing our social media platform, TV streaming platform, and our fintech brand while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.” SEC APPROVES TRUMP MEDIA’S BITCOIN TREASURY DEAL pic.twitter.com/bybvEZ5TjS — Kyle Chassé / DD (@kyle_chasse) June 13, 2025 Despite the regulatory win, TMTG shares dropped 2.06% on the day of the announcement, closing at $19.52. TMTG Confirms $2.5B Capital Raise to Buy Bitcoin The SEC’s green light comes just weeks after TMTG confirmed a $2.5 billion capital raise to accumulate Bitcoin, following earlier denials. In that May 27 announcement, Nunes characterized Bitcoin as “an apex instrument of financial freedom,” asserting that it would become a core part of the company’s asset base. On May 28, Arkham Intelligence posted on X, “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?” — referencing MicroStrategy’s executive chairman and his aggressive Bitcoin strategy. TMTG isn’t stopping there. On June 5, the company filed for approval to launch its own Bitcoin exchange-traded fund (ETF), signaling even deeper ambitions in digital assets. According to the filing, the ETF would hold Bitcoin in custody and aim to mirror its market performance. Trump has publicly supported the expansion of crypto access and has pledged to make the United States a leading center for digital assets. Earlier this month, he hosted a private dinner for investors in his personal meme coin project at his golf club. The post Trump’s Truth Social Gets SEC Greenlight for $2.3B Bitcoin Treasury Deal appeared first on Cryptonews .
Galaxy Digital CEO Mike Novogratz believes Bitcoin ( BTC ) could hit a seven-figure price amid growing adoption of the crypto king. In a new interview on CNBC, Novogratz says Bitcoin has become an “institutionalized macro asset” just like gold or silver. According to Novogratz, the rising number of institutional investors putting money into Bitcoin will further draw more investors into an asset with a fixed supply. “More and more people are realizing this is a story that they want to care about. And so once Larry Fink said BlackRock’s getting behind this, all that pushing the snowball uphill, it started rolling downhill. And now we’ve got all these treasury companies buying Bitcoin, we’ve got sovereign wealth [funds] buying Bitcoin, we’ve got retail investors buying Bitcoin, there are easier ways to get it. And so the adoption of Bitcoin as a macro asset, as an asset to save money in, I think that’s now a ball rolling downhill.” The Galaxy Digital CEO says Bitcoin could go up by over 9x from the current level as it increasingly becomes accepted as a store of value by younger generations. “The bull case becomes that over time, young people care about it more than old people. And so gold slowly gets replaced by Bitcoin. If you look at gold’s market cap and Bitcoin’s market cap, Bitcoin has a long way to go – 10x. And so that’s a $1 million Bitcoin just to be where gold is. And I think gold should go from $3,000 to $10,000.” Bitcoin is trading at $105,662 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Vadim Sadovski The post Billionaire Mike Novogratz Details Massive Bitcoin Price Target, Says BTC Adoption As Macro Asset Approaching Maximum Speed appeared first on The Daily Hodl .
The SEC has officially approved Trump Media & Technology Group’s plan to raise $2.3 billion for a Bitcoin treasury, marking a pivotal moment in institutional cryptocurrency investment. This approval signals
Mechanism Capital partner Andrew Kang stated on social media that it is difficult for Bitcoin to experience a correction of more than 30% in the short term. “The measures Trump took during the trade war period were an absolute bottom for Bitcoin,” Kang said. Claiming that current market conditions support Bitcoin’s upward surge, Kang argued that a deep correction is unlikely before the largest cryptocurrency reaches at least $140,000 to $160,000. Related News: Analysis Company Shares 3 Bullish and 3 Bearish Altcoins On the other hand, the threat of war between Israel and Iran has caused investors to stay away from cryptocurrencies. The fact that cryptocurrencies are seen as volatile and risky assets in times of uncertainty has triggered investors to turn to safer havens. The escalation of tensions between the two countries has also raised concerns that Iran could close the Strait of Hormuz in retaliation. According to the US Energy Information Administration, 20% of global oil transportation takes place through this strait. Iran's Supreme Leader Ayatollah Ali Khamenei vowed to retaliate against Israel in a message published on X, writing that the country “must be ready for a harsh punishment.” *This is not investment advice. Continue Reading: Does South Korean analyst Andrew Kang Expect Bitcoin to Fall Following Recent Events? “There Won’t Be a Correction at Least Until Here”
BitcoinWorld Unveiling Meta’s Significant AI Investment and Shifting Tech IPO Trends The world of technology and finance is constantly evolving, with major players making strategic moves that ripple across industries. Recently, a significant development caught the attention of market watchers: Meta’s substantial investment in the AI data-labeling space. This move, alongside intriguing shifts in the public offering landscape, offers key insights for anyone tracking the pulse of innovation and investment. The Bitcoin World Equity podcast recently delved into these topics, providing a deep dive into what these developments signal for the future. Meta AI Investment: A Bold Move in the AI Race? Meta Platforms has reportedly made a significant Meta AI Investment , committing a substantial $14.3 billion to Scale AI, a leader in data labeling. However, this isn’t a straightforward acquisition. Meta is taking a 49% stake in the company and bringing Scale AI’s co-founder, Alexandr Wang, onto their team. This strategic partial ownership and talent acquisition highlight Meta’s urgency to accelerate its position in the competitive artificial intelligence landscape. The move signals Meta’s determination to keep pace with AI heavyweights like OpenAI and Google, although the exact strategy for leveraging this investment remains a subject of discussion. The Equity podcast hosts explored whether this Scale AI Deal represents a genuine game-changer for Meta’s AI capabilities or if it’s primarily aimed at adding a well-connected figure like Wang to their ranks at a time when Meta’s internal AI progress faces scrutiny. Navigating the Fintech IPO Market Beyond the realm of artificial intelligence, the financial technology sector continues to see activity in the public markets. The discussion turned to the Fintech IPO Market , specifically examining recent performance. A notable example is Chime’s initial public offering, which reportedly priced above initial expectations at $27 per share and saw a positive jump in early trading. This performance offers potential signals for the broader tech IPO landscape. Anthony Ha, one of the Equity podcast hosts, shared his perspective, offering some “not-so-hot takes” on what Chime’s IPO signals for overall Tech IPO Trends . The conversation explored whether this indicates renewed investor appetite or if specific sector strength is driving these outcomes. Understanding these nuances is crucial for evaluating the health and direction of technology companies seeking public funding. The Rise of Agentic AI Startups The podcast also touched upon emerging trends within the AI sector itself, particularly focusing on the types of companies gaining traction. Y Combinator’s recent Demo Day reportedly showcased a significant number of “agentic” AI Startups . These companies are focused on building autonomous software agents capable of performing complex tasks with minimal human intervention. This focus on autonomous AI aligns with broader discussions around AI-driven task automation. A recent conversation with Fiverr’s CEO provided further context on how AI is impacting the gig economy and potentially transforming how tasks are assigned and completed. The rise of agentic AI startups suggests a future where software agents play an increasingly central role in both business processes and potentially, personal productivity. Beyond AI and IPOs: Other Tech Highlights The Equity podcast episode covered additional fascinating developments in the tech world: An archival interview with Scale AI co-founder Alexandr Wang offered insights into his early predictions for the future of artificial intelligence. A look at the quiet 18-month collaboration between Jony Ive’s design firm LoveFrom and electric vehicle maker Rivian on their first electric bike product, confirming its bike-like form factor. These diverse topics underscore the dynamic nature of the technology sector, where innovation spans from complex AI investments to consumer product design collaborations. Conclusion The recent news cycle, as discussed on the Bitcoin World Equity podcast, highlights pivotal moments in the tech and financial markets. Meta’s significant Meta AI Investment in Scale AI demonstrates the ongoing intensity of the AI race. Simultaneously, the performance of recent offerings in the Fintech IPO Market provides valuable data points for understanding current Tech IPO Trends . The emergence of agentic AI Startups from accelerators like Y Combinator points towards the next wave of AI-driven innovation. Staying informed on these key developments is essential for navigating the future of technology and investment. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post Unveiling Meta’s Significant AI Investment and Shifting Tech IPO Trends first appeared on BitcoinWorld and is written by Editorial Team