In this episode of Coin Street headlines, we dive into the latest developments in the world of cryptocurrency and blockchain technology. Headlines Covered: The German parliament is set to review a motion from the Alternative for Germany (AfD) party, advocating for bitcoin to be recognized as a unique decentralized digital asset. Bitwise has launched a staking exchange-traded fund (ETF) on the New York Stock Exchange, achieving over $56 million in trading volume on its first day. We discuss the implications of this new product and what it means for investors. Grayscale Investments has also entered the Solana ETF space, launching its own staking-enabled ETF backed by $103 million in seed capital, expanding investor choices in the market. Visa is making strides in the crypto space by rolling out support for four stablecoins across different blockchains, reflecting the growing momentum in the stablecoin market. Jane King with the latest from the NYSE.
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The German parliament is set to review a motion urging the government to recognize Bitcoin as a unique decentralized digital asset that deserves a strategic approach.
Germany's main opposition party Alternative for Germany, AFD, has submitted an official motion to the national parliament, the Bundestag, opposing the overregulation of.
In the motion, the AFD observed that the current tax treatment of BTC is fundamentally positive, but there's still persist legal uncertainty that discourages private long-term investments.
Well, Solana's staking exchange traded funds have a promising future on traditional stock exchanges after Bitwise's fund debuted on the New York Stock Exchange, and that surpassed $56 million.
In the first day of trading volume, Matt Haugen, the Bitwise's chief investment officer, described the Bitwise Salana staking ETF as the missing part of the puzzle in a conversation with Coin Telegraph.
Hoogan said that until this point, investors stood to gain more by owning Solana in ways that allowed them to directly stake the asset and earn yield than invest in an ETF or product that didn't allow for staking.
Greyscale Investments has launched its staking enabled Solana ETF on NARA.
It's backed by 103 million NC Capital and is now the 2nd Solana ETF manager in the US Greyscale's senior vice president of ETF's Nu Kong, said the new product is expanding investor choice, and global payments giant Visa set to roll out support for 4 stablecoins across 4 unique.
Blockchains.
Visa's CEO Ryan McKierney told investors on the company's earnings call that the firm will continue expanding its stablecoin offerings amid strong growth over the last financial year.
He says the firm sees particular momentum with stablecoins as he pointed to $140 billion worth of facilitated crypto and stablecoin flows since 2020, and that's the latest Coin Street headlines.