Topics Daily Bits

Cboe Files to List Solana ETFs from VanEck and 21Shares, Launching 240-Day SEC Review Period

Daily Bits
Jul 9, 2024

Daily Top Performer — Celestia (TIA)

The SPX index was up by 0.1%, the optimism was fueled by a drop in US consumers' 1-year inflation expectations and anticipation of key reports including CPI, PPI, and earnings from major firms like PepsiCo, Delta Air Lines, Citigroup, and JPMorgan Chase, along with Fed Chair Jerome Powell's upcoming congressional testimony. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 1.12% and 0.01%, respectively in the past 24 hours.


Today's top performer is TIA, which surged 22.5% in anticipation of the upcoming Modular Summit 3.0, hosted by Celestia in Brussels.

Celestia (TIA), launched in May 2017, is a modular blockchain network that functions as a data availability and consensus layer for other blockchains, allowing them to securely publish transactions and maintain efficient nodes. Recently, the Modular Summit 3.0, hosted by Celestia and Maven11, will occur from July 11-13, 2024, in Brussels, Belgium. This event will feature discussions on "Modular Expansion" with workshops, side events, and speakers like Mustafa Al-Bassam and Anatoly Yakovenko. It offers both general and VIP tickets, catering to a larger audience than previous years. Notable sponsors include tech and blockchain organizations.

Check Out the Latest Prices, Charts, and Data of TIAUSDT Perp and TIA/USDT Spot!

Talk of the Town:


The Chicago Board Options Exchange (Cboe) has filed with the SEC to list Solana-based ETFs from VanEck and 21Shares. This follows their S-1 filings in June, initiating a 240-day review period for the SEC to decide on approval. Cboe, which already hosts several Bitcoin and is preparing for Ether ETFs, aims to expand its offerings due to growing investor interest in Solana. Approval of these ETFs would mark another significant step in broadening crypto-based investment products available on major exchanges.

Check Out the Latest Prices, Charts, and Data of SOLUSDT Perp and SOL/USDT Spot!

Spot Bitcoin ETF Flows:


Flow (millions)







U.S. Bitcoin Spot ETFs recorded significant inflows, the largest in over a month, despite Bitcoin's price drop to around $54,000. This buying surge amid market pressures from Mt. Gox repayments and a major German Bitcoin sell-off highlights strong institutional interest. With the potential approval of U.S. spot Ethereum ETFs on the horizon, the market anticipates regulatory changes. Despite these pressures, the robust institutional demand for Bitcoin suggests a possible supply shock, influenced by reduced miner reserves and heavy buying.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:


Fuel Network has launched the Fuel Points Program to engage early contributors as it progresses toward the Fuel Mainnet launch. This initiative aims to address blockchain scalability by advancing Ethereum rollups. Participants can earn Fuel Points by depositing approved assets like ETH and various stablecoins into a pre-deposit smart contract on Ethereum. Points accumulate daily and vary by asset, with a rate of 1.5 to 3 points per dollar deposited, enhanced for certain assets during promotional periods. This program not only prepares the network for its mainnet but also aims to bootstrap on-chain activity and reduce adoption barriers for developers. The program is open to eligible participants, excluding residents of certain restricted territories.