Solana has been revived, adding over 10% in less than three days. On Thursday, the coin managed to break out of the $125-155 consolidation range. The day before, it consolidated above the 50-day moving average. Potentially, this opens the way to $200, and this is a case where altcoins are moving better than Bitcoin.
Crypto News
According to the company’s report, hedge fund Millennium Management owned $1.94bn worth of spot bitcoin-ETFs at the end of the first quarter of 2024, which corresponds to 3% of its assets under management.
In the first quarter, 937 companies invested $11bn in bitcoin-ETFs, K33 calculated based on summary reporting information to the SEC. On 15 May, net inflows into spot bitcoin-ETFs rose to $303 million. The positive trend continued for the third day in a row.
According to Bloomberg, there is almost zero probability that the US SEC will approve spot Ethereum-ETFs. Ethereum’s exchange rate against Bitcoin has fallen to a three-year low.
