Today’s Insider ⬇️
🏦 Crypto ETF: Grayscale files to convert AAVE token trust into ETF to list on NYSE Arca
🚀 Product Launch: X to launch 'Smart Cashtags' for in-timeline crypto and stock trading within 'a couple weeks.'
📈 Innovative Treasury Management: Solana Company shares jump 17% as firm rolls out borrowing against staked SOL
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $69,747 | +1.05% | -29.23% |
Ethereum | $2,082 | +1.29% | -25.24% |
Solana | $88 | +4.04% | -57.02% |
XRP | $1.47 | +4.37% | -46.54% |
S&P 500 | $6,869 | +0.55% | +12.36% |
Gold | $5,030 | +2.64% | +70.84% |
1. Grayscale Files to Convert AAVE Trust into ETF
Crypto ETF: Grayscale has filed to convert its closed-ended AAVE trust into an exchange-traded fund (ETF) to be listed on NYSE Arca, with Coinbase as custodian and a 2.5% sponsor fee payable in AAVE.
🔎 Insider Insight: Grayscale's move to launch an AAVE ETF highlights growing interest in tokenized DeFi assets. Following its successful Bitcoin ETF conversion, Grayscale seeks to capitalize on institutional demand for regulated exposure to decentralized finance markets.
Top Crypto Insider Pick of 2025
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By combining advanced technology with simplicity, BlockchainFX is redefining the trading experience for both experienced and beginner traders. As demand for secure and versatile trading platforms grows, BlockchainFX continues to gain recognition and interest from a global audience.
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Product launch: X will launch "Smart Cashtags" within weeks, enabling users to trade stocks and cryptocurrencies directly from their timeline, with real-time pricing for on-chain assets and integrated "Buy" and "Sell" buttons.
🔎 Insider Insight: X’s Smart Cashtags reflect its ambition to integrate financial services into its "super-app" strategy, leveraging its user base for trading activity. By pairing this feature with stricter anti-spam measures, X aims to attract serious traders while curbing platform manipulation.
Which of these project ignited the NFT boom in late 2017?
Innovative treasury management: Solana Company shares surged 17% after introducing a borrowing structure that allows institutions to borrow against staked SOL while retaining custody and earning staking rewards.
🔎 Insider Insight: Solana Company’s strategy to unlock liquidity from staked SOL reflects the growing need for innovative treasury management amid falling token prices. This approach highlights the shift toward staking income and alternative yield strategies as key revenue drivers for Solana-linked firms.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
