“The token rose to a fresh record on coinbase on Friday.”, – WRITE: www.coindesk.com
The token Rose Nearly 15% Over The Past 24 Hours As Part of A Broader Rally in Financial Markets.
Neverthaless, Ether’s Rally Stood Out Among Other Tokens. Bitcoin Was Also Up, But Only by About 4%. The Coindesk 20 Index, WHICH TRACKS The Broader Crypto Market, Rose 9% Over the Same Period.
Powell On Friday Gave Hints that Fed Will Indeed Cut Interest Rates in September, As Initially Anticipated by Traders. Hope, However, Faded Over The Last Few Days, Causion A Significant Reaction in Global Markets Dringing Friday Trading Hours.
Ether has not only Profited from Macroeconomic Circumstans this Year, But Even More So from Renewed Institutional Interest in the Network Bengind the Token.
Several Companies have Started accounting ether as part of their Treasury strategy, including ethzilla that is backed by Billionaire investor Peter Thiel. Some Believ that Ethereum will Eventuly Be Wall Street’s Favorite Blockchain to Build on, Fueling Demand for It Native Token.
As a result, Ether has outperForrated Bitcoin this year, up about 45% Since The Start of 2025 while the Largest Cryptocurrency is up 25%. Some Other Ether-Related Tokens, Such As Lido (LDO) and Ethena Ena$ 0.7498Also Benefited from Eth’s Swift Rally.
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The Fund Wuld Offer Exposure to Staged Solana Via Jitosol, Tracing Staking Rewards.
- Vaneck Has Submitted An S-1 Filing with The Sec To Launch A Staged Solana Etf.
- The PROPOSED FUND WOURT TRACK JITOSOL, WHICH REPRESENTS STAKED SOL AND ITS ACCUMULATED REWARDS.
- Sec Chair Paul Atkins Recently Signrated Support for Flexible Rules that Could Accommodate Staking in Etfs.
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