Crypto market bets on solana ETF

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Financial Times 3d ago

Crypto market bets on solana ETF - Financial Times

Quick Summary:

For many years, the SEC knocked back spot bitcoin ETFs on the grounds that it had concerns about manipulation of the underlying market.

This week, Hamilton Lane, an investment manager with more than $920bn in assets, launched a private credit fund on the solana blockchain.

A successful application is likely to come down to market demand.“There’s excitement as much for [solana] as a foundation technology as much as ‘I want something different for my portfolio’,” said Adam Levine, head of corporate strategy at Fireblocks.