Solana ETF Filings Gain Momentum as SEC Acknowledges Applications

The U.S. Securities and Exchange Commission (SEC) has acknowledged multiple filings for Solana-based exchange-traded products (ETPs), signaling progress in bringing altcoin ETFs to market. Cboe BZX Exchange submitted rule change proposals to list spot Solana ETFs from 21Shares, Bitwise, Canary Capital, and VanEck, following a process similar to Bitcoin ETF approvals. Analysts estimate a 70% chance of approval, though classification concerns remain. Franklin Templeton also filed for a Solana trust, while the SEC is reviewing Grayscale’s Solana Trust conversion into an ETF.

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World Liberty Financial Launches Macro Strategy Reserve to Support Crypto Projects

World Liberty Financial (WLFI), backed by U.S. President Donald Trump, has announced the creation of a strategic token reserve called Macro Strategy. The initiative aims to support leading crypto projects like Bitcoin and Ethereum while helping WLFI diversify its holdings and mitigate risk. The platform is engaging with financial institutions to secure contributions of tokenized assets, which will be held in a publicly accessible wallet for transparency. WLFI currently holds around $38 million in tokens, down from $360 million after moving most assets to exchanges. Additionally, WLFI and Ondo Finance plan to collaborate on expanding tokenized real-world assets (RWAs) in traditional finance.

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Goldman Sachs Significantly Increases Bitcoin ETF Holdings in Q4 2024

Goldman Sachs boosted its exposure to Bitcoin in the final quarter of 2024, increasing its stake in the two largest spot Bitcoin ETFs. As of December 31, the firm held $1.27 billion (24.07 million shares) of BlackRock’s iShares Bitcoin Trust ETF (IBIT), an 88% increase from the previous quarter. It also raised its holdings in the Fidelity Wise Origin Bitcoin Fund (FBTC) to $288 million (3.5 million shares), a 105% increase. The latest 13F filing provides insight into institutional adoption of Bitcoin ETFs, with Goldman also adjusting smaller positions in other funds.