Solana

Bitcoin

BlackRock

Bitcoin (BTC) recorded a marginal surge over the last 24 hours as several <a href="https://news.todayq.com/updates/solana-outperforms-bitcoin-after-major-setback/" rel="noopener noreferrer nofollow">positive sets of news</a> triggered a recovery outlook. It is expected that Ether (ETH) and Solana (SOL) might overshadow the biggest crypto’s performance ahead. Bitcoin to struggle ahead? 
Solana saw its largest surge in over a month following VanEck’s application to launch an ETF linked to it. Meanwhile, Ether has outperformed Bitcoin this year and this is majorly driven by the anticipation of the final approvals for ETH linked ETFs.
Bitcoin price is down by around 2% in the last 60 days, while, Ether and Solana have managed to surge by around 8% in the same period.&nbsp;
BTC was the center of attention when the first US spot ETFs for the largest digital asset were introduced. This attracted major inflows from giants like BlackRock and Fidelity Investments. However, this move helped the biggest crypto to reach a record high of $73,798 in March.
Since then both BTC’s demand and the price have since cooled. Bitcoin price is down by 10% in the last 30 days. It is trading at an average price of $61,523, at the press time. Its 24 hour trading volume is marginally up to stand at $21.7 billion with a market cap of $1.21 trillion. Ether and Solana ETFs soon? 
As reported, the US Securities and Exchange Commission (SEC) approved stock exchange proposals to list spot Ether ETFs. Experts suggest that final approvals could come as early as next week.&nbsp;
Ether has surged by 51% since the beginning of the year. It has surpassed Bitcoin’s 45% gain. It is important to note that Solana has seen an even more impressive 754% increase over 12 months.
ETH is trading at an average price of $3,438, at the press time. It is still down by 29% from its all time high of $4,891, recorded on Nov 16, 2021.
US Bitcoin ETFs have garnered $14.5 billion in net inflows since their listing in January. JPMorgan Chase strategists predict that Ether ETFs will attract a more modest $1 billion to $3 billion in net inflows for the rest of 2024.
Solana faces additional regulatory challenges, having been named as an unregistered security in various SEC lawsuits. This raises doubts about whether the regulator will approve Solana ETFs despite VanEck’s filing.
Solana is trading at an average price of $144.33, at the press time. Its 24 hour trading volume is up by 114% to stand at $3.1 billion.

Ether, Solana outshine Bitcoin with ETF buzz and price surges

Todayq News

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