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Key Highlights

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• Bitwise Advances Listing: Bitwise has submitted Form 8-A to the SEC to facilitate its ETF listing on NYSE Arca, the same platform that supports spot $BTC and $ETH ETFs.
• Strategic Partnerships: Partnerships with esteemed entities like KPMG, Coinbase Custody, and Attestant enhance the fund’s trust and compliance reputation.
• Solana’s Institutional Demand Surge: A significant increase in institutional interest has led to a 6% rise in $SOL, indicating growing confidence and ecosystem expansion.
• Snorter Token’s Breakthrough: $SNORT captures industry attention with an impressive presale exceeding $5.4 million.

Bitwise Solana Staking ETF: A Closer Look

The Bitwise Solana Staking ETF (BSOL) has taken a major step by filing Form 8-A with the SEC, a critical move before an ETF can commence trading on a U.S. exchange. The filing includes transitioning Bitwise’s listing from Cboe BZX to NYSE Arca, a platform known for hosting prominent ETFs like spot $BTC and $ETH, thus enhancing BSOL’s potential for liquidity and institutional credibility.

Despite BSOL’s preparations for NYSE listing, formal SEC approval remains pending due to the ongoing U.S. government shutdown. Bitwise is not just waiting idly; on October 8, it filed a fifth amendment to incorporate ‘staking’ in the fund’s name, highlighting its unique position in the ETF market by focusing on passive yield potential.

Furthermore, Bitwise has introduced a remarkably low management fee of 0.20%, likely to attract investors seeking high yields. Additionally, it plans to waive the management fee for the first three months or until the assets under management (AUM) reach $1 billion, making it an appealing option for investors.

Bitwise is collaborating with prestigious firms such as Chapman & Cutler LLP (legal), Fenwick & West LLP (tax), KPMG (audit), Attestant (staking provider), and Coinbase Custody, fortifying investor trust and regulatory credibility.

21Shares Solana ETF: A Significant Development

In related news, the 21Shares Solana ETF (VSOL) has also filed Form 8-A for listing on Cboe BZX, and its approval marks it as the first major ETF to offer staking rewards to its holders. This development has contributed to a 6% surge in $SOL, reflecting increased market confidence. Additionally, $SOL Futures Open Interest has risen over 3% to $9.08 billion, signaling strong speculative interest in further price increases.

Snorter Bot: Revolutionizing the Trading Bot Landscape

Amid Solana’s growing momentum, Snorter Token ($SNORT) stands out. This Telegram-based trading bot promises ultra-fast transactions with minimal fees, powered by the Snorter Token. It’s designed to identify the next viral meme coin, offering an edge in the rapidly evolving market.

Built within the Solana ecosystem, the Snorter bot ensures lightning-fast transactions with a nominal fee of 0.85% for $SNORT holders. It brings a utility-focused ecosystem featuring advanced trade-sniffing intelligence and a faster sniper, empowering users to outsmart market whales.

The Snorter Token ($SNORT) is the lifeblood of this high-speed ecosystem. By holding $SNORT, users unlock benefits like instant token swaps with front-running protection, auto-buy capabilities, limit order setups, and security measures against malicious tokens.

Snorter Token ($SNORT): Unveiling Potential

As the Snorter Token’s presale nears its conclusion, it has garnered over $5.4 million. Each token is priced at $0.1083, boasting a dynamic staking Annual Percentage Yield (APY) of 102%. Our price prediction suggests a potential increase to $0.94 by the end of 2025, offering a 768% return. Holding until 2026 could see gains soar to 1,673% with a projected price of $1.92.

With big investors already showing interest, as evidenced by a significant $11.5K purchase earlier this month, the opportunity to invest in $SNORT is shrinking. Act swiftly to take advantage of this promising venture before the presale ends.

Legal Disclaimer

This content is not financial advice. Conduct thorough research before making any investment decisions.

Authored by Bogdan Patru, Bitcoinist

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