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- 🌙 VanEck Files for Solana ETF Approval
🌙 VanEck Files for Solana ETF Approval
Fund manager VanEck filed for an ETF that would track the price of Solana, according to a filing released on Thursday.
Mike Gavela
June 27, 2024
Crypto Roundup - June 27
VanEck has filed for a Solana ETF in the US, asserting that Solana (SOL) is a commodity. This move reflects a growing institutional interest in Solana, a blockchain known for its high-speed and low-cost transactions. Meanwhile, CleanSpark, a Bitcoin mining company, has acquired GRIID Infrastructure, aiming to boost its mining capacity significantly. This acquisition underscores the ongoing consolidation in the crypto mining sector as companies strive for operational efficiencies. Additionally, a report by Immunefi revealed substantial losses from crypto hacks and scams in Q2 2024, highlighting persistent security challenges in the crypto industry.
Top Stories:
VanEck has filed for a Solana ETF, claiming SOL is a commodity.
CleanSpark acquires GRIID Infrastructure to enhance its Bitcoin mining capacity.
Immunefi reports significant crypto losses due to hacks and scams in Q2 2024.
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FUNDRAISES
Today marks a significant milestone in our mission to unlocking humanity’s potential with fully on-chain, interactive and sophisticated applications. The crypto economy is here.
Welcome to the first Real-Time Blockchain
— MegaETH (@megaeth_labs)
4:10 PM • Jun 27, 2024
Bitcoin startup Rebar raises $2.9M to build MEV products
— The Block (@TheBlock__)
1:00 PM • Jun 27, 2024
We're very excited to announce a that Fenix has completed a seed round with @orbs_network as our main investor.
Joining us are an expert list of investors, builders, angels and advisors with deep expertise in the ve(3,3) model, liquidity management and the @Blast_L2 ecosystem… x.com/i/web/status/1…
— Fenix (@FenixFinance)
9:15 AM • Jun 27, 2024
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CRYPTO TWITTER (X)
So @GSR_io sees a mere 890% increase in the value of $SOL upon an ETF approval.
So I guess my call of $1T market cap is not fantasy after all.
— ◢ J◎e McCann 🧊 (@joemccann)
10:42 PM • Jun 27, 2024
We’re partnering with @stripe, who processed the equivalent of 1% global GDP last year, to bring the benefits of faster, cheaper crypto rails to millions of businesses around the world - including with Base and USDC.
— Brian Armstrong (@brian_armstrong)
10:36 PM • Jun 27, 2024
T-Rex just filed for the first-ever 2x Microstrategy $MSTR ETFs.. these are a near-lock to be most volatile ETFs ever seen in the US, will likely be in the neighborhood of 20x the volatility of SPX. The ghost pepper of ETF hot sauce.
— Eric Balchunas (@EricBalchunas)
9:18 PM • Jun 27, 2024
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