The Chicago Board Options Exchange has filed with the U.S. Securities and Exchange Commission (SEC) to list spot Solana exchange-traded funds (ETFs) through a pair of 19b-4 filings.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has hit a new milestone, becoming the first tokenized treasury fund to surpass $500 million in market capitalization.

The President of the Central Bank of the Republic of China (Taiwan), Yang Chin-long, has recently emphasized a focus on steady progress over speed in developing a central bank digital currency (CBDC).

Top stories in the Crypto Roundup today:

• Cboe Files to List Spot Solana ETFs From VanEck and 21Shares
• BlackRock's Tokenized Treasury Fund Hits $500 Million Milestone
• DigitalX to Launch Second Bitcoin ETF on Australia’s Main Stock Exchange
• Bitcoin Mining Stocks Soar After Halving

Cboe Files to List Spot Solana ETFs From VanEck and 21Shares

The Chicago Board Options Exchange has filed with the U.S. Securities and Exchange Commission (SEC) to list spot Solana exchange-traded funds (ETFs) through a pair of 19b-4 filings.

The filings, submitted on Monday, request the SEC's approval to list these products from asset managers VanEck and 21Shares and once the SEC acknowledges it received the filing, it will have 240 days to decide on spot Solana ETFs.

Cboe is already a major player in the cryptocurrency ETF market, listing six of the 10 existing spot Bitcoin ETFs including products from Fidelity, Ark/21Shares and VanEck, and is set to become the listing exchange for five spot Ether ETFs if those are approved.

Analysts expect spot Ether ETFs to be approved as soon as this week, with various issuers having recently filed amended S-1 forms. These amended filings, however, don’t contain fee information, which may mean there will be another round of filings.

BlackRock's Tokenized Treasury Fund Hits $500 Million Milestone

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has hit a new milestone, becoming the first tokenized treasury fund to surpass $500 million in market capitalization.

Launched less than four months ago, BUIDL has become the world's largest tokenized treasury fund, with $502.8 million worth of tokenized U.S. Treasuries according to blockchain data.

BlackRock's fund dethroned the Franklin OnChain U.S. Government Money Market Fund (BENJI) as the largest tokenized treasury fund in late April, just six weeks after its launch. BUIDL's price is pegged directly to the U.S. dollar and offers daily interest accrued dividends to investors, leveraging a partnership with real-world asset tokenization firm Securitize to do so.

The rise of BUIDL is fueled in part by firms like Ondo Finance, which utilizes BUIDL as collateral for its own digital token, OUSG, and has become the largest holder of BUIDL with $173.7 million in holdings. Stablecoin issuer Mountain Protocol, for example, also holds BUIDL to back its yield-bearing stablecoin USDM.

The total market capitalization for tokenized treasury funds currently sits at around $1.67 billion, with Ethereum serving as the dominant blockchain for these instruments. Real-world assets tokenized on blockchains including not only U.S. Treasuries, but also stocks and real estate.

DigitalX to Launch Second Bitcoin ETF on Australia’s Main Stock Exchange

DigitalX is set to launch Australia's second Bitcoin exchange-traded fund on the country's main stock exchange, the Australian Securities Exchange (ASX), after becoming the second asset manager to secure approval for such a product on the ASX bourse.

DigitalX's Bitcoin ETF, under the ticker BTXX, will begin trading on July 12. The company partnered with K2 Asset Management and 3iQ to bring the fund to market, following closely behind VanEck's Bitcoin ETF, which received ASX approval last month.

Sydney-based fund manager BetaShares is also seeking approval for its own Bitcoin and Ether ETFs on the ASX.

Bitcoin Mining Stocks Soar After Halving

While Bitcoin has recently experienced a significant drawdown, BTC mining stocks have soared since the cryptocurrency’s halving event in April, which saw mining rewards earned per block found get cut in half.

Hut 8 Mining Corp, (HUT) and Bitfarms (BITF) maintained 86% and 34% post-halving returns, respectively, compared with BTC’s negative returns over the same period.

State of the Crypto by Top Tier Exchange Volume

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