Back to today’s briefing

Story perspectives

Solana Proposes ETF Amid Bitcoin's $84K Surge

3/18/2025

50 4

Summary

Story summary

Solana, the third-largest cryptocurrency, advocates for a dedicated ETF using its unique Proof of History mechanism.
U.S. investors are currently unable to access staking rewards available to European investors.
Bitcoin recently surpassed $84,000, despite the crypto market experiencing $1.7 billion in outflows last week.
Analysts believe Bitcoin's volatility could reset the market, possibly paving the way for a bullish trend.

History

Historical Context

The rise of Solana's ETF proposal echoes the early days of exchange-traded funds (ETFs) in the 1990s. Initially met with skepticism, ETFs gained traction as innovative investment vehicles. Solana's unique Proof of History mechanism could redefine crypto investments, similar to how ETFs reshaped traditional finance.

1 of 2

Story summary

Solana, the third-largest cryptocurrency, advocates for a dedicated ETF using its unique Proof of History mechanism.
U.S. investors are currently unable to access staking rewards available to European investors.
Bitcoin recently surpassed $84,000, despite the crypto market experiencing $1.7 billion in outflows last week.
Analysts believe Bitcoin's volatility could reset the market, possibly paving the way for a bullish trend.

1 / 2