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The percentages on deposits as of April 1️⃣6️⃣

The percentages on deposits as of April 1️⃣6️⃣

Apr-16-2025

Canada Launches World's First Spot ETF on Solana ✔️

Canada Launches World's First Spot ETF on Solana ✔️

Apr-16-2025

Canada is set to launch the world's first spot Solana ETFs this week, leapfrogging the U.S. in the race for altcoin ETFs. The Ontario Securities Commission has approved applications from several issuers, including Purpose, Evolve, CI, and 3iQ, to trade the ETFs, Bloomberg analyst Eric Balchunas originally reported.

The ETF will offer direct spot access to Solana, the sixth-largest cryptocurrency by market cap, currently valued at $68.2 billion, according to CoinGecko. Solana is also the blockchain that powers several memecoins, such as the Trump MAGA coin.

One of the approved issuers, Purpose Investments, announced the upcoming launch of the Purpose Solana ETF on the Toronto Stock Exchange on April 16. In addition to providing direct spot access to Solana, the product is designed to provide attractive staking rewards.

These ETFs will also feature staking, a first for the industry. Staking is the process of contributing cryptocurrency assets to support the security and operations of a blockchain network, for which participants are rewarded.

This development could potentially impact numerous similar Solana spot ETF applications in the US that are currently awaiting SEC approval.

The percentages on deposits as of April 1️⃣5️⃣

The percentages on deposits as of April 1️⃣5️⃣

Apr-15-2025

Strategy bought 3,459 more bitcoins for $285.8 million ✔️

Strategy bought 3,459 more bitcoins for $285.8 million ✔️

Apr-15-2025

According to the data provided by the company itself, on April 13, there were 531,644 bitcoins on the balance (almost 2.52% of the entire current issue of the asset). Strategy spent a total of approximately $35.92 billion on the purchase of coins with an average price of $67,556 per 1 BTC.

The company primarily finances its Bitcoin purchases by issuing convertible bonds with a low or zero coupon rate. These can be exchanged for Strategy shares (ticker MSTR). The funds raised are used to purchase more of the first cryptocurrency.

This model is effective when Bitcoin quotes grow, as it allows you to attract funds on favorable terms. The key risk of the model is a rapid and prolonged fall in the cryptocurrency rate, which can reduce investor interest in MSTR shares and complicate the placement of new bonds.

Strategy previously announced unrealized losses of $5.91 billion, caused by a decline in the price of bitcoin amid falling global financial markets and fears of a recession in the United States.

The percentages on deposits as of April 1️⃣4️⃣

The percentages on deposits as of April 1️⃣4️⃣

Apr-14-2025

Robert Kiyosaki: Bitcoin Will Save the World from Financial Catastrophe 🔰

Robert Kiyosaki: Bitcoin Will Save the World from Financial Catastrophe 🔰

Apr-14-2025

Kiyosaki's statements came amid trade wars between the United States and other countries. Despite the market turmoil, Kiyosaki said people can still save their savings if they buy Bitcoin . The entrepreneur called the current market situation a "well-planned crash": the value of stocks, bonds, mutual funds and exchange-traded funds is falling rapidly, so many people are losing their savings.

Kiyosaki blamed the crisis on the US Federal Reserve (Fed), the Bank for International Settlements (BIS), the Bank of England, the Bank of Japan and the European Central Bank (ECB). As the investor put it, this “international banking cartel” is stealing people’s wealth while “the corrupt, fraudulent US dollar is being destroyed.”

"Those who act and buy real gold , silver, and bitcoin may emerge from this man-made disaster rich and the new leaders of the world. What are you going to do? Go back to college, get another degree, get deeper into debt, and never learn anything about money?" Kiyosaki wrote.

The writer previously said that he prefers to buy the first cryptocurrency on a decline, and advised investors to do the same. Kiyosaki recently tried to dissuade investors from transferring their savings from pension funds to bitcoin.