Dig Deeper, Invest Smarter
With Pi Network adopting GenAI futures during its Pi2Day celebration last month, analysts are turning bullish about Pi Coin price rally as the artificial intelligence (AI) market is likely to grow to $16 trillion by 2030. With the Pi Core team joining the AI bandwagon early, it could set the Pi token price on a
The post Analyst Predicts Pi Coin Price By 2030 If It Captures 1-5% of $16 Trillion AI Market appeared first on CoinGape.
Canada is set to launch the world’s first spot Solana ETFs after receiving regulatory approval from the Ontario Securities Commission (OSC). The green light allows several issuers, including Purpose, Evolve, CI, and 3iQ, to list their Solana ETFs.
The new financial products will be available to investors starting April 16, 2025, marking an important development in the cryptocurrency investment space.
According to Bloomberg analyst Eric Balchunas, the OSC approved multiple SOL ETFs today. These ETFs will hold actual Solana tokens rather than relying on futures contracts, offering investors direct exposure to the cryptocurrency.
Purpose, Evolve, CI, and 3iQ are among the firms that have secured approval to launch these innovative products.
The launch of these ETFs coincides with an upward surge in the price of Solana. Over the past week, the price of Solana has seen a notable increase of 25%. Experts suggest that the growing institutional interest in Solana, further bolstered by these ETF products, could soon lead to even greater price appreciation. As the world’s first spot Solana ETFs hit the market, the launch is a critical step forward for altcoin-based investment products.
The newly approved SOL ETFs will engage in staking, which offers potential benefits for ETF investors, including enhanced returns compared to traditional investments.
Staking can improve yields and offset holding costs, making these ETFs more attractive. However, according to Balchunas, TD Bank will assist in processing staking information but will not directly facilitate it.
Staking could provide an edge for SOL ETFs over other cryptocurrency ETFs, such as Ethereum-based ETFs, especially with US SEC delaying Grayscale’s ETH Spot ETF staking proposal. The yield from staking and the token’s performance could offer additional incentives for investors looking to diversify their portfolios.
The approval of spot SOL ETFs in Canada comes during heightened activity in the Solana market. Amid the market activity, a whale moved 762,416 SOL, worth approximately $101 million, according to Whale Alert.
In another instance, 790,427 SOL, valued at over $105 million, was moved between unknown wallets. These large-scale transactions suggest that whales, or large holders of Solana, are preparing for future moves, possibly in anticipation of the market momentum the new ETFs could trigger. The approval of the first spot Solana ETFs in Canada follows the recent launch of the first-ever XRP ETF, Teucrium 2x Long Daily, in the U.S.
Concurrently, several major firms have already filed for approval to offer SOL ETFs in the United States. These firms include Grayscale, 21Shares, Bitwise, VanEck, and Franklin Templeton. In addition to the Canadian approval, market expectations for the approval of SOL ETFs in the United States are rising. Polymarket traders now assign an 81% probability to approving a Solana ETF by the end of 2025, up from just 65% in early 2025.
The post Canada Approves Multiple Spot Solana ETFs To Launch This Week appeared first on CoinGape.
The Bitcoin (BTC) treasury market is heating up fast. Between June 23 and June 27, companies made 64 big announcements related to Bitcoin purchases and future plans. During this period, nine new treasury buyers stepped into the spotlight. New Institutions Add Nearly 6,000 BTC to Their Treasuries Together, these new players purchased a combined 5,898
The post New Bitcoin Treasuries Acquired 5,898 BTC This Week As Corporate Adoption Intensifies appeared first on CoinGape.
The post Charles Schwab to Launch Spot Crypto Trading by 2026, Boosting Bitcoin and Ethereum Access appeared first on Coinpedia Fintech News
Charles Schwab’s new CEO, Rick Wurster, announced that the company is gaining significant momentum in the crypto space and has plans to expand its offerings. During the company’s 2025 Spring Business Update this week, Schwab revealed that it is moving into spot crypto trading, allowing clients to directly buy and sell cryptocurrencies like Bitcoin and Ethereum. This marks a big shift in how major financial firms approach digital assets.
Schwab currently enables access to crypto through ETFs, closed end funds, and futures. Wuster revealed that they are “on a great path” to launch direct spot crypto trading within the next year. Schwab’s entry into the spot market would be a major step especially as regulatory clarity improves. He called the expansion a response to client demand as well as a strategic move to maintain its role as a top destination for retail and institutional crypto investors.
Recently, the CEO highlighted growing interest in Schwab’s crypto offerings like ETFs and Bitcoin futures. Rick Wurster became Schwab’s CEO in 2025 and said in a 2024 interview that the firm was ready to offer crypto trading but was waiting for clearer regulations.
Schwab saw a big 40% jump in profits last quarter, as many investors shifted their portfolios due to market volatility. Wurster suggested that some of those investors might be turning to crypto. Notably, there was a 400% surge in traffic to their crypto site, of which 70% was from non-clients which indicates rising public interest.
Wurster noted that the massive spike in traffic indicates that investors who were once hesitant to jump into crypto space are now doing so, due to Schwab’s reputation as a trusted financial brand.
“As I’ve said numerous times in past, spot crypto trading will be table stakes for every major brokerage,” reacted Nate Geraci, the President of ETF Store, to the development.
Spot crypto trading is already offered by major crypto exchanges like Coinbase, Binance, Kraken and Gemini, who lead the space, popular with both retail and institutional users for their deep liquidity, wide range of trading pairs and advanced tools. Besides, Traditional firms are also making moves. Fidelity offers spot Bitcoin and Ethereum trading, while Robinhood and eToro enable commission-free crypto trades alongside stocks and ETFs.
Earlier this year, Schwab partnered with Trump Media and Technology Group (TMTG) to launch Truth.fi, a brand offering ETFs, Bitcoin, and other investments. Schwab will manage up to $250 million in assets, focusing on U.S. growth and the “Patriot Economy.
Bitcoin surged 0.61% on Saturday, April 19, bouncing back from Friday’s dip reaching $85,033. Notably, it stayed above the $85K mark for the first time in a week. The price boost comes as global trade tensions and economic uncertainty continue, with recent supply-demand shifts pushing BTC higher.
The post Charles Schwab to Launch Spot Crypto Trading by 2026, Boosting Bitcoin and Ethereum Access appeared first on Coinpedia Fintech News
Charles Schwab’s new CEO, Rick Wurster, announced that the company is gaining significant momentum in the crypto space and has plans to expand its offerings. During the company’s 2025 Spring Business Update this week, Schwab revealed that it is moving into spot crypto trading, allowing clients to directly buy and sell cryptocurrencies like Bitcoin and …