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First Trust Advisors has unveiled two new Bitcoin strategy exchange-traded funds, adding to a suite of products that currently hold more than $28 billion in net assets. In an announcement on April 4, First Trust said it launched the two Bitcoin ( BTC ) strategy ETFs this week. Specifically, the bitcoin exchange-traded funds are part of the the Floor15 ETF Series of Target Outcome ETFs, with both the FT Vest Bitcoin Strategy Floor15 ETF – April and the FT Vest Bitcoin Strategy & Target Income ETF listed on the NYSE Arca under tickers BFAP and DFII respectively. “The FT Vest Bitcoin Strategy Floor15 ETF – April represents an innovative step forward in risk-managed cryptocurrency investing. By structuring investments with a defined floor and upside cap, we provide investors with a more controlled way to engage with bitcoin while mitigating downside exposure. This strategy reflects Vest’s commitment to outcome-focused solutions that seek to deliver more certainty and clarity to portfolios,” said Jeff Chang, president of Vest. Ryan Issakainen, senior vice president and ETF strategist at First Trust, said the launch follows years of demand for bitcoin-linked ETFs. BFAP will allow those seeking to participate in the crypto space a chance to tap into BTC’s upside potential with clarity on downside risk. As well as BFAP, First Trust believes DFII will gain traction for its potential. The fund, as Issakainen noted in a statement, will allow investors to explore opportunities around Bitcoin’s high volatility. Investors can look to generate income from this by selling call options. The asset manager offers DFII as an actively managed fund, with 80% of net assets invested in bitcoin and income-generating investments. First Trust’s Target Outcome ETFs have seen a 53% spike in net assets in the past year, with over $28 billion as of the end of February.

Solana (SOL) regained focus Saturday, rising nearly 6% over 24 hours to trade near $120 as positive news developments converged on a critical technical support zone. Futures market sentiment also turned decidedly bullish, with analyst Ali Martinez reporting 71.4% of Binance traders holding long Solana positions. Fueling bullish sentiment, Grayscale Investments filed a registration statement with the SEC on Friday seeking to convert its Grayscale Solana Trust (GSOL) into a spot Solana ETF listed on NYSE Arca. This move mirrors Grayscale’s successful conversions for Bitcoin and Ethereum products. Market observers consider Solana a strong candidate for eventual spot ETF approval, citing its established U.S. futures market and a perceived shift toward clearer crypto regulation. An approved ETF would offer traditional investors direct SOL exposure, opening up capital inflows. Separately, payments giant PayPal updated its services to include full support for Solana (and Chainlink) within its PayPal and Venmo apps in the US. Users can now buy, sell and hold SOL directly, enhancing the token’s accessibility and utility on the platform. Related: Will Solana Get Faster? Devs Propose Higher Block Transaction Limits From a technical perspective, analyst Crypto Patel noted SOL is holding firm within a key Fibonacci support zone between $100–$115 . This area acted as a launchpad for significant rallies in the previous bull cycle. Patel suggested that if this zone holds, accumulation could lead to a breakout confirmation above $186. Such a move could set the stage for retesting the previous all-time high near $296, with a potential longer-term Fibonacci-driven target near $1,011. However, current indicators warrant some caution. The Relative Strength Index (RSI) hovers near 40.74, indicating weak momentum, with its gradient suggesting potential for near-term selling pressure despite the daily price gain. SOL also remains below its 20-day EMA resistance around $128.23. Related: Top Trader Issues Solana Warning: Break Below $117 Could Trigger ‘Slow Bleed’ A clear break above the EMA is needed to strengthen the short-term bullish case suggested by the recent news flow and support hold. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Grayscale Files S-1 Form With SEC for Solana ETF Without SOL Staking Function Investment giant Grayscale is filing to rename its prospective Solana (SOL) exchange-traded fund (ETF) while removing staking from the trust. In a new S-1 Filing with the U.S. Securities and Exchange Commission (SEC), Grayscale says it intends to rename its previously filed trust, Grayscale Solana Trust, to Grayscale Solana Trust ETF. “In connection with this registration statement, on December 3, 2024, NYSE Arca filed an application with the Securities and Exchange Commission (the ‘SEC’) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), to list the Shares of Grayscale Solana Trust (SOL) (the ‘Trust’) on NYSE Arca (the ’19b-4 Application’). As of the date of this filing, the 19b-4 Application has not been approved by the SEC. The Trust makes no representation as to when or . $SOL

Grayscale Files S3 for Crypto ETF Featuring XRP and Trump’s Top Crypto Picks Grayscale has recently filed an updated S3 registration statement for its Digital Large Cap Exchange-Traded Fund (ETF). This fund is designed to offer diversified exposure to a broad range of cryptocurrencies, including major altcoins like Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP. As part of this initiative, NYSE Arca submitted a separate 19b-4 application on October 15, 2024, to list shares of the Grayscale Digital Large Cap ETF (GDLC). This application is currently under review by the U.S. Securities and Exchange Commission (SEC), with key deadlines approaching. The SEC has set an initial decision deadline for May 3, with a final ruling expected by July 2. “Today, we filed a registration statement on Form S-3 to register shares of Grayscale Digital Large Cap Fund (ticker: GDLC) under the Securities Act of .

Grayscale Seeks SEC Approval to List Crypto ETF With BTC, ETH, XRP, SOL, ADA Holdings Grayscale has filed with the SEC to list its digital large cap fund as an ETF on NYSE Arca, offering exposure to bitcoin, ethereum, XRP, solana, and cardano. Grayscale’s Digital Large Cap Fund Targets NYSE Arca Listing for Broader Crypto Exposure Crypto asset manager Grayscale Investments filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) on March 31 to register and list shares of its Grayscale Digital Large Cap Fund on the NYSE Arca under the symbol GDLC. The move would convert the fund into an exchange-traded fund (ETF) and expand public trading access to a diversified digital asset fund composed of major cryptocurrencies. Grayscale shared on social media platform X: Today, we filed a registration statement on Form S-3 to register shares of Grayscale Digital Large Cap.