Yasir_munir

#BigTechStablecoins
A Game-Changer in the Financial Landscape
The emergence of big tech companies exploring stablecoin initiatives has sparked significant interest in the financial world. Stablecoins, backed by fiat currencies or other assets, offer a stable store of value and medium of exchange.

Benefits of Big Tech Stablecoins
- *Increased Adoption*: Big tech companies' involvement can drive mainstream adoption of stablecoins and cryptocurrencies.
- *Improved Efficiency*: Stablecoins can facilitate fast and low-cost transactions, enhancing financial efficiency.
- *Increased Accessibility*: Big tech stablecoins can provide access to financial services for underserved populations.

Potential Use Cases
- *Payments*: Stablecoins can enable fast and secure payments, reducing transaction costs.
- *Remittances*: Stablecoins can facilitate cross-border remittances, increasing efficiency and reducing fees.
- *Financial Inclusion*: Stablecoins can provide access to financial services for underserved populations.

Challenges and Concerns
- *Regulatory Uncertainty*: The regulatory landscape for stablecoins is still evolving.
- *Security Risks*: Stablecoins require robust security measures to prevent potential risks.
- *Compliance*: Big tech companies must ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.

Conclusion
Big tech stablecoins have the potential to revolutionize the financial landscape by providing a stable and efficient means of exchange. However, regulatory challenges and security concerns must be addressed to ensure widespread adoption.
#BTC

$USDC
USDC (USD Coin) is a popular stablecoin pegged to the US dollar, allowing for seamless transactions and trading in the cryptocurrency market. When paired with other cryptocurrencies, USDC enables traders to easily swap between assets.

Popular USDC Coin Pairs
- *USDC/BTC*: This pair allows traders to buy or sell Bitcoin (BTC) using USDC.
- *USDC/ETH*: This pair enables traders to buy or sell Ethereum (ETH) using USDC.
- *USDC/USDT*: This pair allows traders to swap between two stablecoins, USDC and USDT.

Benefits of Trading with USDC Pairs
- *Stability*: USDC's peg to the US dollar provides stability and reduces volatility.
- *Liquidity*: USDC pairs often have high liquidity, making it easier to buy or sell assets.
- *Flexibility*: USDC pairs offer flexibility in trading, allowing traders to easily switch between assets.

Factors to Consider When Trading USDC Pairs
- *Market Volatility*: While USDC is stable, the paired asset may experience volatility.
- *Liquidity*: Ensure sufficient liquidity in the pair to avoid slippage.
- *Fees*: Consider the fees associated with trading USDC pairs.

Conclusion
USDC coin pairs offer a convenient way to trade cryptocurrencies with reduced volatility. By understanding the benefits and factors to consider, traders can make informed decisions when trading with USDC pairs.
#BTC

#TradingOperations
Trading Operations: A Comprehensive Overview
Trading operations are the backbone of financial markets, enabling the smooth execution of trades and management of risk. It involves a range of activities, including trade booking, reconciliation, profit and loss analysis, and new desk functionality.

Key Components of Trading Operations
- *Trade Execution*: The process of buying and selling securities, commodities, or currencies.
- *Trade Reconciliation*: Ensuring that trades are accurately recorded and matched between counterparties.
- *Profit and Loss Analysis*: Analyzing the financial performance of trades to identify areas for improvement.
- *Risk Management*: Identifying and mitigating potential risks associated with trading activities ¹.

Metrics for Evaluating Trading Operations
- *Operational Efficiency Metrics*: Measuring the time it takes to onboard new instruments, transaction confirmation accuracy, and trading infrastructure responsiveness.
- *Trade Surveillance Metrics*: Monitoring trading activity for potential market manipulation or unusual behavior.
- *Transaction Cost Analysis*: Evaluating the costs associated with executing trades, including explicit and implicit costs.
- *Order Book Analysis*: Analyzing the dynamics of supply and demand for a particular security.

Benefits of Effective Trading Operations
- *Improved Efficiency*: Streamlining trading processes to reduce costs and enhance productivity.
- *Enhanced Risk Management*: Identifying and mitigating potential risks to minimize losses.
- *Better Decision-Making*: Providing accurate and timely information to support trading decisions.

Careers in Trading Operations
- *Trading Operations Analyst*: Responsible for day-to-day support functions, including trade booking, reconciliation, and profit and loss analysis.
- *Graduate Trading Operations/DevOps Engineer*: Focuses on ensuring the performance and stability of trading systems, as well as developing and implementing monitoring solutions ² ¹.
#btc
#sui

$BTC
Cryptocurrency Pairs: Understanding BTC Trading
Cryptocurrency pairs are a crucial aspect of the crypto economy, allowing for the easy swap of one token for another. In the context of Bitcoin (BTC), trading pairs represent how much of one token you can purchase with a given amount of BTC.

Popular BTC Trading Pairs
- *BTC/USDT*: One of the most popular trading pairs, BTC/USDT represents the value of Bitcoin in terms of Tether (USDT). According to recent data, the trading volume for this pair is around $2,550,049,592.
- *BTC/USD*: This pair represents the value of Bitcoin in US dollars. Major exchanges like Coinbase and Binance support this pair.
- *ETH/BTC*: Another popular pair, ETH/BTC, shows the value of Ethereum (ETH) in terms of Bitcoin (BTC).

How Cryptocurrency Pairs Work
When trading cryptocurrencies, you need to find an exchange that supports the trading pair you're interested in. If the pair is not supported, you may need to perform multiple transactions, which can result in higher taxes and fees.

Benefits of Cryptocurrency Pairs
- *Increased Liquidity*: More trading pairs can lead to increased liquidity in the market.
- *Better Trading Conditions*: Certain pairs may offer better trading conditions, such as lower fees and taxes.
- *More Trading Options*: With more pairs available, traders have a larger variety of transactions they can perform.

Factors to Consider When Choosing a Trading Pair
- *Fees and Taxes*: Different pairs may have varying fees and tax implications.
- *Market Volatility*: Cryptocurrency markets can be highly volatile, affecting the value of trading pairs.
- *Liquidity*: Look for pairs with sufficient liquidity to ensure smooth transactions ¹.

Current BTC Price and Market Data
- *Current Price*: $104,717 (0.2% increase in the last 24 hours)
- *Market Capitalization*: $2.08 trillion
- *24-Hour Trading Volume*: $44.67 billion
- *Circulating Supply*: 19.88 million BTC
#BTC

#TrumpVsMusk
*The Musk-Trump Feud: A Deepening Rift*

The once-cordial relationship between Elon Musk and Donald Trump has devolved into a bitter public feud. The spat, which began over disagreements on Trump's "Big Beautiful Bill," has escalated into personal attacks and accusations.

*The Bill: A Point of Contention*

Musk criticized the bill, saying, "A bill can be big or it could be beautiful, but I don't know if it could be both." He argued that the bill would worsen the federal deficit and undermine cost-cutting efforts. Trump, however, defended the bill, calling it "one big, beautiful bill" and claiming it would help "Make America Great Again".

*Escalating Tensions*

The feud intensified when Musk accused Trump of being mentioned in the Jeffrey Epstein files, a claim Trump has denied. Musk's accusation prompted Democrats to demand the release of these files, further fueling the controversy ¹ ².

*Personal Attacks and Accusations*

The spat has taken a personal turn, with Musk claiming Trump would have lost the 2024 election without his support. Trump responded by saying Musk had worn out his welcome and was "going crazy" after being asked to leave the White House. Musk also suggested Trump should be impeached and floated Vice President JD Vance as a suitable replacement ³ ¹ ⁴.

*Consequences and Implications*

The public feud has had significant consequences, including a $150 billion loss in valuation for Musk's businesses. The spat may also impact SpaceX's $22 billion in government contracts. With both men wielding considerable influence, this feud could have far-reaching implications for politics and business ³ ¹.

*Key Exchanges in the Feud*

- *Musk's Criticism of the Bill*: Musk slammed the bill, saying it would increase the budget deficit and undermine cost-cutting efforts.
- *Trump's Defense*: Trump defended the bill, calling it essential for "Make America Great Again".
#TRUMP

#CEXvsDEX101
*CEX vs DEX: Understanding the Difference*

In the world of cryptocurrency, exchanges play a crucial role in facilitating buying, selling, and trading digital assets. There are two primary types of exchanges: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). Here's a comparison:

*Centralized Exchanges (CEX)*

1. *Definition*: CEX are traditional exchanges that operate on a centralized platform, where users' funds are held by the exchange.
2. *Advantages*: User-friendly interface, high liquidity, and fast transaction processing.
3. *Disadvantages*: Vulnerable to hacking, potential for price manipulation, and reliance on a central authority.

*Decentralized Exchanges (DEX)*

1. *Definition*: DEX operate on blockchain technology, allowing peer-to-peer transactions without a central authority.
2. *Advantages*: Increased security, transparency, and control over funds.
3. *Disadvantages*: Often less user-friendly, lower liquidity, and slower transaction processing.

*Key Differences*

1. *Control*: CEX hold users' funds, while DEX allow users to retain control.
2. *Security*: DEX are generally more secure due to decentralized architecture.
3. *Liquidity*: CEX typically offer higher liquidity due to larger user bases.

*Conclusion*

CEX and DEX cater to different needs and preferences. While CEX offer convenience and liquidity, DEX provide security and control. As the cryptocurrency landscape evolves, understanding the differences between CEX and DEX can help users make informed decisions about their trading activities.

$BTC
#pepe

#Liquidity101
*Liquidity 101: Understanding the Basics*

Liquidity refers to the ability to buy or sell an asset quickly and at a fair price. It's a crucial concept in finance, investing, and trading. Here's a brief overview:

*What is Liquidity?*

Liquidity measures how easily an asset can be converted into cash without significantly affecting its market price. Assets with high liquidity can be bought or sold quickly, while illiquid assets may take longer to sell or may sell at a discount.

*Types of Liquidity*

1. *Market Liquidity*: The ability to buy or sell an asset in a particular market.
2. *Funding Liquidity*: The ability to meet financial obligations as they fall due.

*Importance of Liquidity*

1. *Reduced Risk*: Liquid assets can be sold quickly, reducing the risk of significant losses.
2. *Increased Flexibility*: Liquid assets provide flexibility to respond to changing market conditions.
3. *Better Pricing*: Liquid markets tend to have tighter bid-ask spreads, resulting in better prices.

*Factors Affecting Liquidity*

1. *Market Volatility*: Volatility can reduce liquidity, making it harder to buy or sell assets.
2. *Market Depth*: The number of buyers and sellers in a market affects liquidity.
3. *Trading Volume*: Higher trading volumes typically indicate greater liquidity.

*Conclusion*

Understanding liquidity is essential for investors, traders, and businesses. By recognizing the importance of liquidity and its factors, you can make more informed decisions and manage risk effectively.
#PEPE‏

#TradingTypes101
*Trading 101: A Beginner's Guide*

Trading involves buying and selling assets to profit from market fluctuations. It's essential to understand the basics before starting. Here's a brief overview:

*What is Trading?*

Trading involves exchanging assets, such as stocks, commodities, or currencies, with the goal of making a profit.

*Types of Trading*

1. *Day Trading*: Buying and selling assets within a single trading day.
2. *Swing Trading*: Holding assets for a short period, typically several days or weeks.
3. *Position Trading*: Holding assets for an extended period, often months or years.

*Key Concepts*

1. *Technical Analysis*: Studying charts and patterns to predict market direction.
2. *Risk Management*: Managing potential losses through stop-loss orders and diversification.

*Getting Started*

1. *Education*: Learn about trading strategies and market analysis.
2. *Practice*: Use a demo account to test your skills.
3. *Discipline*: Stick to your trading plan and manage risk effectively.

By understanding these basics, you'll be better equipped to navigate the world of trading.
#BTC

#OrderTypes101

*Crypto Trading 101*

Crypto trading involves buying and selling digital currencies like Bitcoin (BTC) and Ethereum (ETH). To succeed, traders must understand technical analysis, market trends, and risk management. Technical analysis helps predict market direction using chart patterns and indicators. Market trends enable traders to predict future price movements. Risk management involves diversifying portfolios and using stop-loss orders. By mastering these concepts, traders can navigate the volatile crypto market and potentially earn significant profits. Staying informed and adapting to market changes is key. With the right strategy, crypto trading can be a lucrative investment opportunity. Discipline is essential.
#BTC

#TradingOperation

*Crypto Trading Operations: An Analysis*

Crypto trading is a rapidly growing field that involves major coins like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Trading operations include technical analysis, studying market trends, and risk management.

*Technical Analysis*

Technical analysis involves using chart patterns, indicators, and trend lines to predict market direction. This helps traders make informed buy and sell decisions.

*Market Trends*

Studying market trends enables traders to predict future price movements. This helps them buy and sell at the right time.

*Risk Management*

Risk management is a crucial aspect of trading. Traders should diversify their portfolio and use stop-loss orders to minimize risk.

*Conclusion*

Crypto trading is an attractive yet risky field. Through technical analysis, market trend analysis, and risk management, traders can achieve success. Focusing on major coins like BTC, ETH, and BNB, traders can grow their portfolio and earn profits.
#PEPE‏

#XRPETF
Ripple to $5?
It looks like Ripple's decline is nearing its end, opening the door for a potential breakout in the XRP ETF propelled by confidence.
XRP Price Prediction Weekly: C...
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Home /News /XRP Price Prediction Weekly: Could a US XRP ETF Wednesday Push Ripple to $5?
XRP Price Prediction Weekly: Could a US XRP ETF Wednesday Push Ripple to $5?
It looks like Ripple's decline is nearing its end, opening the door for a potential breakout in the XRP ETF propelled by confidence.
Skerdian Meta•Sunday, April 27, 2025•2 min read
Ripple XRP buyers return
Quick overview
Ripple's recent consolidation phase may be ending, with signs of a potential breakout driven by XRP ETF optimism.
After a significant rally in late 2024, XRP experienced a pullback but has recently bounced back above $2.20, indicating bullish momentum.
The launch of the world's first XRP spot ETF in Brazil could further enhance market sentiment, with predictions of a U.S. ETF approval adding to the optimism.
Traders should monitor the $2.20–$2.50 range, as a breakout could lead to new all-time highs and possibly a target of $5.
It looks like Ripple’s decline is nearing its end, opening the door for a potential breakout in the XRP ETF propelled by confidence.

Ripple Recovery: End of the Correction Phase?
After a massive surge at the end of 2024, Ripple (XRP) has spent the early months of 2025 in a consolidation and correction phase. However, signs are emerging that the pullback might be over, with broader bullish momentum ready to resume.

Ripple’s historic rally began before Donald Trump’s return to the White House, as XRP skyrocketed from around $0.50 in November 2024 to an intraday high near $3.39 by mid-January — a gain of over 300%. This breakout was primarily driven by renewed optimism after a critical win for Ripple in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
#XRPEFT

XRP News Today: XRP Gains as Brazil Approves First XRP-Spot ETF; BTC at $93k
XRP rallies 2.79% as ProShares secures SEC approval to launch three XRP Futures ETFs on April 30.
Hashdex launches first XRP-spot ETF in Brazil, signaling potential global expansion for XRP ETFs.
Ripple and SEC settlement talks could reignite hopes for a US XRP-spot ETF and boost XRP demand.
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XRP News Today: XRP Gains as Brazil Approves First XRP-Spot ETF; BTC at $93k
By:
Bob Mason
Published: Apr 28, 2025, 01:36 GMT+00:00
Key Points:
XRP rallies 2.79% as ProShares secures SEC approval to launch three XRP Futures ETFs on April 30.
Hashdex launches first XRP-spot ETF in Brazil, signaling potential global expansion for XRP ETFs.
Ripple and SEC settlement talks could reignite hopes for a US XRP-spot ETF and boost XRP demand.
XRP News Today
XRP
+3.38%
Bitcoin
-0.75%
XRP Rallies on Pro-Shares Futures ETF Approvals
Reports of the SEC greenlighting the launch of three XRP Futures ETFs drove XRP demand on Sunday, April 27. ProShares will launch the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF on Wednesday, April 30.
Notably, these are futures ETFs, not spot ETFs, meaning the ETFs will give investors exposure to XRP without directly holding the token. The ETFs will invest in XRP futures contracts, swaps, and cash balances in money market instruments, including US Treasuries.
Nevertheless, the crypto community responded positively to the news.
$XRP

$BTC
Bitcoin Rally Ahead? These Indicators Say Yes
According to a CryptoQuant Quicktake post published today, BTC is showing multiple short-term bullish signals, fuelling optimism that a breakout above $90,000 could be imminent.

Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics
In their analysis, CryptoQuant contributor EgyHash highlighted two key indicators that hint at bullish reversal for the apex cryptocurrency. First, the contributor outlined BTC’s Exchange Inflow metric.

EgyHash noted that exchange inflows – the amount of BTC being deposited into exchanges – have dropped significantly in recent months. Since peaking at 120,000 in November 2024, the metric has seen a sharp decline, suggesting that holders are choosing not to move their BTC to exchanges, thereby potentially reducing sell pressure.

The chart below shows a consistent drop in exchange inflows since November 2024, despite BTC’s price gains in December 2024 and January 2025. As of now, exchange inflows sit around 9,300.

ei

In addition, EgyHash pointed out that Bitcoin’s open interest has surged by $6 billion over the past two weeks. This rise has been accompanied by a positive shift in funding rates, signalling a bullish market outlook.

funding rates
To explain, a rise in open interest shows that more money is flowing into BTC futures or perpetual contracts, indicating increased trader participation and confidence. Similarly, positive funding rates suggest that long positions – bets on BTC price going up – are dominant, and traders are willing to pay a premium to hold these positions.

That said, there is some caution to be considered here. If the BTC derivatives market becomes too leveraged, then it may increase the risk of a sharp price correction due to mass liquidations.
#BTC

#USChinaTensions
WASHINGTON (TNND) — Tensions between the United States and China are intensifying, with recent developments extending beyond the ongoing trade war. The State Department has accused Beijing of escalating military moves against the U.S., raising concerns about the potential for conflict.

In recent weeks, tariffs on Chinese goods have surged from 54% to 145%. President Donald Trump expressed optimism about reaching an agreement, saying, "I think we will make a deal with China."

00:00

01:54

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US-China tensions escalate beyond trade war (TNND)

According to a notice in the Federal Registry, the U.S. is considering imposing charges on Chinese ships docking at American ports. This measure is set to begin in 180 days and will increase incrementally.

White House Press Secretary Karoline Leavitt emphasized the importance of the American consumer to China, stating, "China wants what we have; what every country wants, what we have - the American consumer. Or to put another way, they need our money."

China, however, is not backing down and has curbed exports of rare earth minerals, which are crucial for products ranging from computer hard drives to jet engines.

Thomas Kruemmer, editor at the Rare Earth Observer, highlighted the significance of these minerals, saying, "Everything I can switch on and off would not really work without rare earths."
#BTC

#BTCRebound
Bitcoin rallied to its highest level since Donald Trump’s tariff announcements in early April as the dollar slumped amid renewed fears over the US president’s efforts to remove Federal Reserve Chairman Jerome Powell.

The largest cryptocurrency by market value jumped about 3.9% to top $88,400 on Monday morning in New York, according to data compiled by Bloomberg. That erased almost all of the losses sustained since Trump’s April 2 reciprocal tariff announcement, which plunged global markets into turmoil.

The rebound comes as the dollar and US stocks slid on Monday after the president’s criticism of the Federal Reserve raised concerns over its independence. A gauge of the dollar hit its lowest point since January 2024 after the National Economic Council Director Kevin Hassett said Friday that Trump is studying whether he’s able to fire Powell.

Read more: Trump’s Push Against Powell Adds to Doubts of US’s Haven Status

“USD weakness is driving the rally in crypto,” said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX. He added, however, that “thin holiday liquidity” in crypto markets “is causing the move to be exaggerated.” While US markets are open, Monday is a holiday in many nations.
#btc
$BNB

$ETH
Ethereum price today: $1,580
Ethereum ETFs have seen over a 60% decline in total net assets.
Justin Sun said Tron will not sell its ETH holdings amid a drop in prices.
Galaxy Digital has deposited $79.37 million worth of ETH to Binance and Coinbase over the past five days.
ETH has maintained a downtrend since December amid oversold conditions in technical indicators.
Ethereum (ETH) traded just below $1,600 on Thursday following a 60% plunge in the total net assets of US spot Ether ETFs. Meanwhile, Tron founder Justin Sun said that he won't sell his ETH holdings despite the sustained downtrend in the top altcoin’s price.

Sun weighs in on Ethereum's decline amid heightened ETH ETF outflows
US spot Ether exchange-traded funds (ETFs) continued their negative flows on Wednesday after shedding $12.01 million, per SoSoValue data.

Since Trump’s tariffs went live, ETH ETFs have seen a net outflow of $909 million. ETH's weak price has also caused their total net assets to plummet by over 60%, going from an all-time high of $14.28 billion in December to $5.25 billion on Wednesday. The sustained outflows signal increased institutional risk-off sentiment, hampering ETH's price growth.
#ETH
$BTC

#TrumpVsPowell
President Trump this week revived a longstanding threat against Jerome H. Powell when he accused the Federal Reserve chair of “playing politics” and moving too slowly to lower interest rates. But privately, according to people close to Mr. Trump, the president has for months been aware that trying to oust Mr. Powell could inject more volatility into jittery financial markets.

Investors are already uneasy after a period of tumult due to a blitz of tariffs announced by the administration this month. Undermining the political independence of the Fed, which is seen as critical across Wall Street, could risk a much more significant financial panic.

“If I want him out, he’ll be out of there real fast, believe me,” Mr. Trump told reporters in the Oval Office of the White House on Thursday when asked about Mr. Powell. The warning came on the heels of an early morning social media post in which Mr. Trump said, “Powell’s termination cannot come fast enough!”

Mr. Trump’s advisers have repeatedly told him that firing Mr. Powell is both legally and financially fraught — and that the uncertainty could cause a significant downturn in financial markets. Mr. Trump, at least for the moment, has seemed persuaded, the people said.

For months, Mr. Trump has privately fretted about the prospect of a Great Depression-scale event’s happening on his watch — a scenario he shorthands in conversations as “1929.” But the events of the past two weeks so alarmed some of Mr. Trump’s closest advisers, including his Treasury secretary, Scott Bessent, that Mr. Trump himself seems to have absorbed how close they came to a financial meltdown.

Mr. Trump’s decision at the beginning of the month to announce historic tariffs on nearly all of the country’s trading partners and aggressively escalate his global trade war sent financial markets into a tailspin. Stocks plummeted, and an alarming sell-off in U.S. government bonds and the dollar fanned fears that the country.
#solana
$BTC

#CanadaSOLETFLaunch
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CoinMarketCap
Canada To Launch 4 Spot Solana ETFs on April 16, Beating U.S. to Market

Wed, April 16, 2025 at 6:07 AM GMT+5 2 min read
Four asset managers—Purpose, Evolve, CI, and 3iQ—are set to launch spot Solana exchange-traded funds (ETFs) in Canada on April 16. These funds will trade on the Toronto Stock Exchange, following approval from the Ontario Securities Commission (OSC). The ETFs will feature staking of Solana (SOL), which could result in higher yields compared to Ether staking. This approval marks the first instance of spot Solana ETFs and comes as part of Canada's regulatory update, which allows for crypto-related investment products to be publicly traded.
The OSC’s green light for these ETFs follows regulatory changes that were outlined in January, allowing publicly traded funds to hold cryptocurrencies. While these ETFs are being introduced in Canada, the U.S. has yet to approve similar products for Solana. In the U.S., multiple firms, including Grayscale, Bitwise, and VanEck, have submitted applications to launch spot Solana ETFs, but they are still awaiting approval from the Securities and Exchange Commission (SEC). Unlike in Canada, U.S. crypto ETFs are currently not allowed to stake digital assets like Solana for additional yield.
The OSC’s approval is seen as a significant move in the altcoin ETF market. Eric Balchunas, a senior ETF analyst for Bloomberg, pointed out that these upcoming funds would offer a first look at how altcoins like Solana could perform in the ETF space. These ETFs will enable Canadian investors to gain exposure to Solana without directly holding the tokens themselves. The funds are expected to help further institutionalize the crypto market in Canada.
This approval puts Canada ahead of the U.S. in offering a spot Solana ETF. U.S.-based firms such as Grayscale and Fidelity.
#sol
#btc

#CanadaSOLETFLaunch

Canada To Launch 4 Spot Solana ETFs on April 16,
Wed, April 16, 2025 at 6:07 AM GMT+5 2 min read
Four asset managers—Purpose, Evolve, CI, and 3iQ—are set to launch spot Solana exchange-traded funds (ETFs) in Canada on April 16. These funds will trade on the Toronto Stock Exchange, following approval from the Ontario Securities Commission (OSC). The ETFs will feature staking of Solana (SOL), which could result in higher yields compared to Ether staking. This approval marks the first instance of spot Solana ETFs and comes as part of Canada's regulatory update, which allows for crypto-related investment products to be publicly traded.
The OSC’s green light for these ETFs follows regulatory changes that were outlined in January, allowing publicly traded funds to hold cryptocurrencies. While these ETFs are being introduced in Canada, the U.S. has yet to approve similar products for Solana. In the U.S., multiple firms, including Grayscale, Bitwise, and VanEck, have submitted applications to launch spot Solana ETFs, but they are still awaiting approval from the Securities and Exchange Commission (SEC). Unlike in Canada, U.S. crypto ETFs are currently not allowed to stake digital assets like Solana for additional yield.
The OSC’s approval is seen as a significant move in the altcoin ETF market. Eric Balchunas, a senior ETF analyst for Bloomberg, pointed out that these upcoming funds would offer a first look at how altcoins like Solana could perform in the ETF space. These ETFs will enable Canadian investors to gain exposure to Solana without directly holding the tokens themselves. The funds are expected to help further institutionalize the crypto market in Canada.
This approval puts Canada ahead of the U.S. in offering a spot Solana ETF. U.S.-based firms such as Grayscale and Fidelity are still
#Btc
$SOL

#CongressTradingBan
House Democrats are still honing a message for next year’s midterms, but they appear to have found an early cudgel as they gear up to battle Republicans for the majority: congressional stock trading.

The market turmoil surrounding President Donald Trump’s tariffs has supercharged Democratic attacks on politicians’ investment activity, with top lawmakers calling for investigations of White House officials and House Minority Leader Hakeem Jeffries embracing a ban on trading of individual stocks.

Their attacks crystallized this week after public disclosures revealed that Rep. Marjorie Taylor Greene (R-Ga.) had purchased stocks during a tariff-induced dip in the market earlier this month. Those securities quickly rose in value after Trump announced a partial reversal of his tariff plans.

More trading disclosures are expected in the coming weeks; members have 45 days to reveal most stock transactions under congressional rules. And while it’s unlikely that the trading was limited to Republicans, Democrats are discarding their past qualms and preparing to hammer GOP leaders on the issue.

“I would say if the Republicans want to insulate themselves from a political fallout of this issue, then the best thing that they could do is bring the bill to the floor before and let us have a vote,” said Rep. Seth Magaziner (D-R.I.), the co-author of a bill that would ban member trading of individual stocks. “They have total control of government. The ball is in their court.”

He added that if Speaker Mike Johnson and Senate Majority Leader John Thune “do not allow this to come to the floor for an up-or-down vote, then they own that decision, and they will certainly pay for it in the midterms.”
#sol
$BTC