Solana’s market structure mirrors Bitcoin and Ether, strengthening its bid for US ETF approval

Key Takeaways Solana’s market structure shows strong liquidity and price correlation, similar to Bitcoin and Ethereum. Research indicates Solana’s effective spreads and trade costs meet or exceed those of Bitcoin and Ethereum, supporting readiness for US ETPs. Share this article Solana’s (SOL) market structure shows deep liquidity and strong cross-exchange price correlations, putting it on par with Bitcoin and Ethereum and bolstering Solana’s case for regulatory approval of exchange-traded products (ETPs) in the US, according to a new analysis co-authored by James Overdahl and Craig Lewis, former SEC chief economists.…

Grayscale files for XRP ETF with NYSE as institutional demand rises

Key Takeaways Grayscale has submitted a filing to list an XRP ETF on the NYSE Arca, aiming to convert its existing XRP Trust into a tradable fund. The move follows other XRP ETF applications from asset managers like CoinShares and Bitwise. Share this article Grayscale has filed an application with the SEC to convert its XRP Trust into an exchange-traded fund on NYSE Arca, joining other asset managers seeking to launch XRP investment products. According to the filing, the Grayscale XRP Trust currently manages approximately $16.1 million in assets and…