Evgeny 🎩

@chipcr

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91 Followers

Evgeny 🎩 pfp

Deadline for this application is at mid-March 2025

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Vitalii pfp

Great news👍 I think it can be approved by the end of the cycle. November - December 2025

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Evgeny 🎩 pfp

3/ End of Summary. My take: So, VanEck has submitted an application for a spot Solana ETF, which, while anticipated, is the first of its kind. More to follow. Typically, approvals take years and require prior futures trading on CME. However, recent developments have been unusual—unexpected approval of a bitcoin ETF and a rapid start of trading within days, followed by an even more surprising approval of a spot ETF for ether. Adding to the uncertainty is the fact that the SEC considers Solana a security, which led to Robinhood delisting it. Given that crypto has become a notable topic in the upcoming election, there is a chance that the Solana ETF might be approved before the US elections. A positive aspect of the application is that no Solana will be used for staking, something the SEC would not approve. Solana jumped 7% in response, and the main Solana meme WIF also saw activity. As always, be cautious and avoid chasing pumps.

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Evgeny 🎩 pfp

2/ Risks and Opportunities - Key risks include cryptocurrency market volatility, regulatory oversight, and technological risks associated with the Solana blockchain platform. - Despite these risks, VanEck believes Solana has significant growth potential due to its unique technological features and strong support from developers and investors. Target Audience and Prospects - The VanEck Solana Trust targets institutional and retail investors seeking to diversify their portfolios with cryptocurrency assets. - The trust aims to attract substantial investment due to the growing interest in cryptocurrencies and the popularity of the Solana platform. Regulatory Information - Detailed information about the trust, its structure, and associated risks is available in the filing submitted to the SEC. - The document is accessible on the official SEC website via this [link](https://www.sec.gov/Archives/edgar/data/2028541/000162828024030249/vanecksolanatrusts-1.htm).

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Evgeny 🎩 pfp

VanEck Files for Solana Trust I've summarised the lengthy SEC application, so you don't have to. 1/ Overview - VanEck, a prominent investment manager, has filed with the SEC to establish the VanEck Solana Trust. - The trust aims to offer investors exposure to the cryptocurrency Solana (SOL) through traditional investment vehicles. - The trust will allow investors to purchase shares, avoiding the complexities and risks associated with direct cryptocurrency ownership. Structure and Management - VanEck will act as the sponsor and manage the trust's assets. - The Bank of New York Mellon will serve as the administrator and custodian. - As of June 24, 2024, the trust is awaiting SEC approval to commence operations. - No part of SOL can be used for staking in any form.

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Evgeny 🎩 pfp

welcome to Warpcast, bro @c0manch3

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Evgeny 🎩 pfp

There's gloom all over the chats... Except for the flip-flop lovers who are already figuring out if they can afford a German car, or if they'll have to settle for a Chinese EV. And real crypto enthusiasts, especially if their portfolio hasn't seen growth in this bull run, are wondering if they're in the right field. But the market is cyclical. Sentiment will return to the trend line and the price will follow. This is likely tied to Jerome Powell's speeches and the prospects of quantitative easing in the US. As we discussed earlier, the market needs a liquidity event to turn the sentiment around. We'll keep an eye on this chart and stay tuned. Don't go anywhere.

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Evgeny 🎩 pfp

Does this mean that the crypto prices will drop even further in the next couple of months? Quite possibly. Given the overall negative sentiment around VC coins with low circulation and high FDV, waning interest in meme coins, and BTC's reluctance to reach ATH. Ethereum is unlikely to see significant inflows at the start of ETF trading, and Solana will likely deflate following the declining demand for memes. The market is also facing billions of dollars in Bitcoin from Mt. Gox, the US, and German governments that need to be absorbed. It's quite possible that the third quarter will be very tough for crypto, and everything will drop as if it's a bear market, not a bull market. $44-48K for Bitcoin seems like a good zone for a market reset before the elections. Where altcoins will be is frightening to imagine.

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Evgeny 🎩 pfp

Chip, tell me, up or down? The sentiment according to Kaito (the digitized mood of market participants) has dropped significantly, deviating sharply from the trend line. However, the overall market capitalization of the crypto market hasn't caught up with this drop in sentiment yet. In this case, what's the tail and what's the dog? As we can see from this chart, sentiment usually precedes price. It surged in September-October 2023, and then the price followed.

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Evgeny 🎩 pfp

We are the music makers @billionsgold

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Evgeny 🎩 pfp

Yeah man, check it out @billionsgold

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Evgeny 🎩 pfp

We are the music makers

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wake pfp

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Alexandr Pro DeFi @ veDAO pfp

Alexandr Pro DeFi @ veDAO

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Evgeny 🎩 pfp

Chlorophyll infused water and lion's mane mushroom microdose

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✨Valeria🩷✨ pfp

✨Valeria🩷✨

https://x.com/jessielera/status/1794417706613281055 Support my SpiderMON 🕷💜 :)

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Roman pfp

I just nominated @chipcr for /build because the best;)

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Stay Pilled pfp

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alex pfp

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Alexandr Pro DeFi @ veDAO pfp

Alexandr Pro DeFi @ veDAO

Increasing the maximum number of characters in casts is a good idea for improvement Yes - ❤️ No - ♻️

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