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The company said the investment takes its total funding to over $40 million

The original cryptocurrency is down 30% from January highs because of Trump’s tariffs and inflation fears.

(Bloomberg) -- An upstart ETF firm is debuting the first-ever funds tracking futures in Solana, the sixth-largest cryptocurrency, after the blockbuster success of Bitcoin products.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesFlorida-based Vo

(Bloomberg) -- Michael Saylor’s Strategy is pulling just about every lever it can to pool cash to build on its mammoth Bitcoin stockpile, planning to sell another stock-like product with a twist: It can’t be converted into shares and is intended to trade forever.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire

Samson Mow says not everyone needs to hold their own Bitcoin keys, but in places with weak rule of law, self-custody is essential.

As the institutional demand for such products grows, several trends in adoption are becoming clearer.

NEW YORK (Reuters) -Ripple Labs said on Wednesday the U.S. Securities and Exchange Commission ended its appeal from a court ruling that the regulator's prior chief had said would make it harder to oversee cryptocurrency markets. The SEC had been appealing a July 2023 decision by U.S. District Judge Analisa Torres in Manhattan that the XRP token sold by Ripple on public exchanges did not meet the legal definition of a security. Torres also gave the SEC a partial victory against Ripple, saying $728 million of XRP sales to institutional investors should have complied with securities laws.