Here’s what happened in crypto today
Today in crypto: The United States is launching its first exchange-traded fund (ETF) for crypto staking, specifically for Solana (SOL) as the REX-Osprey Solana and Staking ETF is set to debut. This fund offers investors the opportunity to gain direct exposure to SOL and earn income through staking, potentially leading to increased institutional interest in cryptocurrencies. In Kazakhstan, the National Bank revealed plans for a state-run crypto reserve aimed at improving oversight and management of crypto-related risks. This reserve may be funded by state-run mining operations and confiscated digital assets. Additionally, Metaplanet has made headlines by acquiring 1,005 BTC for $108 million, making it the fifth-largest corporate Bitcoin holder, surpassing CleanSpark. Metaplanet's total holdings now amount to 13,350 BTC, valued at approximately $1.45 billion, while emphasizing their impressive yield growth this year.
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