Market activity shows Bitcoin and Solana are attracting institutional interest, with offerings from companies like Tastytrade, Coinbase, and Gemini.
1 report, 0 independent
Updated Jul 2
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What happened
Market activity shows Bitcoin and Solana are attracting institutional interest, with offerings from companies like Tastytrade, Coinbase, and Gemini.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Capital is rotating from Bitcoin to Solana and Ethereum, driven by institutional interest and anticipation of ETF approvals.Also in this story
- Regulatory delays hinder US spot Ether ETF approval while US interest rates drive Bitcoin as a non-sovereign hedge.
- Institutions are rotating crypto holdings, with Intesa Sanpaolo reducing Bitcoin ETF stakes while increasing Ethereum ETF holdings.
- Armstrong noted that Bitcoin's function is shifting from speculative trading to digital gold, with both assets competing for the utility layer of crypto.
- A Phantom Wallet, used by meme coin traders, is leveraging Solana and Ethereum infrastructure, utilizing Hyperliquid for perpetual futures and tokenized stocks.
The entities involved
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Bitcoin
digital cash system and associated currency
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Solana
Mexican cottage manufacturer of sporting cars
Related events
- Solana launched tokenized shares, offering lower fees and faster settlements for major tech companies.
- Solana is gaining market share from Bitcoin as macro factors affect both crypto assets.
- Investors are withdrawing funds from both Solana and Ethereum.
- A Bitcoin hack has occurred, with hacker wallets linked to Coinbase Prime and involving massive transfers linked to Bitfinex and Alameda Research.
- A new protocol utilizing Solana and Ethereum provides a centralized gateway for trading tokenized US stocks, involving Ondo Finance and OKX.
Coverage
Newest first; wire copies grouped- Unknown outlet