And here’s where it gets juicy – the SEC has taken its sweet time delaying other ETF applications from the likes of Franklin Templeton, BlackRock, and Fidelity. What makes REX-Osprey different? Well, they decided to file under the 1940 Act – a little less direct, a little more sneaky, and, apparently, a lot less annoying to the SEC. It’s almost like they’ve read the room.
It’s all looking quite delicious on the weekly chart for $SOL. The price has not only managed to crush the $220 resistance like a paper cup in a rainstorm but is now flirting with the idea of turning it into support. Imagine that, turning enemies into allies. How very dramatic. 🤩
According to Bloomberg-the oracle of all things finance-the SEC is on the verge of approving new crypto ETFs. Solana and XRP ETFs are apparently 95% likely to get the green light, while HBAR is sitting pretty at 90%. 🎉 The SEC has until October to make up its mind, which is basically eternity in crypto years. Meanwhile, Canary Capital decided to throw its hat into the ring with an “America-First” crypto ETF, because nothing says patriotism like digital assets. 🇺🇸🚀
Spot Bitcoin ETFs in the U.S. added $552.78 million on Thursday, marking their fourth straight day of inflows. That’s the longest run since August and a joint record with the seven-day glory days of Aug. 14 (spoiler: Bitcoin hit $123,000 and then *somehow* forgot it was a record). Wednesday’s $757.14 million haul was the biggest since July 16, according to SoSoValue-because apparently, even data analysts love a good numbers flex. 📊
Yes, you heard it right, dear reader. The time of reckoning is near. @Negentropic_, with all the confidence of a fortune teller who’s just smoked a particularly potent incense, has boldly proclaimed that these top-three cryptos-Bitcoin, Ethereum, and Solana-are headed for a new era of price milestones, soon to be etched into the annals of history.
As a seasoned onlooker of this rollercoaster, I can see a delightful cocktail of solid fundamentals and technical prancing encouraging HYPE’s price gallop. But before you throw your virtual confetti, some momentum indicators are waving their little red flags, cautiously screaming, “Hang on! Is this sustainable, or are we in for a freemium cooldown next?” So, strap in as we explore the whimsical world of price surges and the potential highs (or lows) ahead.
With wallets fattening faster than a goose at Christmas, all eyes are glued to Ethereum’s next move. Will it soar like a rocket or fizzle like a damp squib? Only time will tell, my dear reader, only time. ⏳
Forward Industries, with a sum surpassing one billion and six hundred fifty million dollars, has formed the grandest corporate treasury Solana has yet beheld-surely inspired by the venerable Strategy’s playbook upon Bitcoin, that, as any sensible soul knows, involves hoarding one’s crypto upon the balance sheet with the gravitas of a miser clutching his gold.
Our dear friends at AMBCrypto have been busy, revealing the twins’ blossoming friendship with none other than President Donald Trump. Yes, they tossed a cool $2 million in Bitcoin towards his 2024 campaign-only to find their wallets slightly lighter after a federal refund. Who knew politics could be so… fiscal? 💸
Our beloved Bitcoin ETF basked in a combined flood of $552.78 million, led by none other than BlackRock IBIT, who gallantly contributed $366.20 million to this financial fiesta. Fidelity FBTC chimed in with a respectable $134.71 million, Bitwise BITB hopped in with $40.43 million, and Invesco BTCO, well, let’s just say they managed $5.71 million-bless their hearts! Franklin EZBC added a charming $3.31 million, while VanEck HODL, in a modest show of effort, gained $2.43 million. 🎩