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Morgan Stanley, one of the largest US banks, announced that it will launch an exchange-traded fund associated with SOL, indicating that the price of Solana will rise as Wall Street and the passion for cryptocurrencies continues to grow.
Provided by financial institution Required documents Listing all of Solana’s coins and bitcoin exchanges on Tuesday. These are the first of their kind digital currency related products to be launched in the American market.
Solana ETFs attracted $801 million just six months after launching the country’s first such fund.
Bitwise’s BSOL ETF remains the largest of these ETFs by assets under management (AUM) at $730 million.
Staking bonuses are an interesting thing for investors. At the time of writing, the BSOL fund’s yield was 6.75%. These bonuses are added to the fund’s assets daily and are expected to contribute to the ETF’s value over the long term.
Solana Price Prediction: Eyes SOL $230 as positive trends accelerate
Morgan Stanley’s decision to launch the Solana ETF greatly supports the credibility of this altcoin. The decision also confirms Wall Street’s strong interest in digital currencies other than Bitcoin.
The price of SOL has risen by 9% over the past week, and is currently $138. At the same time, the volume of sales reached $5.5 billion, representing 7% of the market value.
Daily activity shows that SOL has broken out of a falling trend. This is a bullish pattern, and when it breaks, a trend reversal is confirmed.
The closest indicator will be the $160 level, where the market should retest the 200-day Exponential Moving Average (EMA).
Meanwhile, if SOL’s price crosses its 200-day EMA, it could quickly reach $200, supported by institutional demand on Wall Street.
Interest in Solana’s ecosystem is growing, before the massive sale of cryptocurrencies, such as Bitcoin Hyper ($HYPER), could also attract the attention of Wall Street. This is a powerful Layer 2 (L2) platform for Bitcoin, built on Solana, which will enable Bitcoin investors to monetize their assets.
Bitcoin Hyper ($HYPER) leverages the Solana platform to advance Bitcoin’s decentralized finance (DeFi) ecosystem.
Bitcoin Hyper ($HYPER) offers Bitcoin’s real value in unlocking fast, low-cost DeFi through Solana’s fast-paced infrastructure.
Thanks to the Hyper Bridge, Bitcoin holders can access Layer 2 of Hyper directly from the Bitcoin network, without leaving the storage.
This means borrowing, saving, and withdrawing in Bitcoin for the first time.
As more Bitcoin enters the second phase of the Hyper network, the demand for $HYPER is expected to rise dramatically.
Investors have already released more than $30 million, realizing the potential to revive the Bitcoin ecosystem and opening the door to real interest in the blockchain.
To buy $HYPER before the sale ends, just head over to Official website of Bitcoin Hyper And connecting a compatible wallet like The Best Wallet .
You can exchange USDT or SOL on this token or use a traditional bank card to complete the purchase.
Visit the official website of Bitcoin Hyper here
A note Solana Price Predictions: Morgan Stanley Files for Solana ETF – Is This the Beginning of Wall Street’s Next Cryptocurrency Obsession? appeared for the first time Cryptonews Arabic.
