Fidelity Files for Solana ETF
Fidelity which oversees $15 trillion in assets and currently hold the 2nd largest Bitcoin ETF just filed for a Solana ETF. This is viewed as a precursor to a potential Solana ETF very soon. Just last week the Solana Futures ETF went live, sparking a 7% surge in SOL price and an 27% increase in volume. Analysts are predicting that SOL price may reach close to the $200 mark from the ETFs.
Gold Reserves May be Used to Buy Bitcoin
Executive Direction of the President's Council of Advisers on Digital Assets, Bo Hines stated in a interview that the US could capitalize on gains from it's gold holdings and buy Bitcoin. This would co-inside with a previously mentioned budget-neutral way to increase US Bitcoin holdings. Hines also stated their have been "countless ideas" on how to buy Bitcoin and the best ideas will be enacted by President Trump.
Quick Hits
- Eric Trump joins Metaplanet's Board of Advisers. Metaplant is currently Japan's biggest holder of Bitcoin.
- International Monetary Fund (IMF) recognizes Bitcoin as a store of value and adds Bitcoin to global money tracker. Sources stating that IMF will be adding Bitcoin to their own reserves.
- Argentina's Senate host first ever conference on Bitcoin Regulation.
- Saylor posted the Bitcoin tracker today which always leads to the BTC buy tomorrow.
- Senator Lummis said Trump support her bill of buying 1 million Bitcoin every year.
- Blackrock CEO Larry Fink says if Sovereign Wealth Funds allocation 2% to 5% to Bitcoin, price can go up to $500K - $700K.
- Pakistan plans to legalise Bitcoin and Crypto.
