#IsraelIranConflict Solana ETF hopefuls file S-1s, but more ‘back and forth’ with SEC ahead Seven Solana ETF applicants filed S-1 statements with the US Securities and Exchange Commission (SEC) on June 13; however, Bloomberg ETF analyst James Seyffart doubts 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,” Seyffart said in a post on Friday. US-based spot Bitcoin ETFs launched in January 2024, more than ten years after crypto exchange Gemini co-founders Tyler and Cameron Winklevoss filed the first spot Bitcoin ETF application with the SEC in 2013. “Staking language” was included in all the filings On June 13, Fidelity Investments filed its initial S-1 registration statement for its spot Solana (SOL) ETF product, while 21Shares, Franklin Templeton, Grayscale Investments, Bitwise Investments, and Canary Capital filed S-1 amendments.
1H timeframe: the coin has grown and stopped on the hay, a very nice rounding, and a good potential for a deal, we expect positions to be fixed from longists and flips to short
5m timeframe: we catch a small local pullback and enter, the volume of short transactions is quite large, this indicates a redistribution of participants $BTC
Crypto Market Faces Potential Short-Term Adjustment AI Summary According to Odaily, CryptoQuant analyst Axel Adler Jr has revealed a noticeable increase in long position closures and active short trading volume within the past hour. This situation represents a typical 'soft reversal point' following an upward trend. While the funding rate remains positive, the number of open contracts is decreasing, suggesting a potential short-term adjustment or consolidation below $108,000. $BTC