21Shares Launches New Solana ETP for Institutional Investors
- Product Launch: 21Shares has introduced the 21Shares Jito Staked SOL ETP (JSOL), allowing investors to gain exposure to Solana's price and capture staking rewards through traditional brokerage accounts, targeting institutional demand for yield and liquidity.
- Transparent Fee Structure: The ETP is listed on Euronext Amsterdam and Paris with a total expense ratio of 0.99%, enabling investors to access it in both U.S. dollars and euros, thereby simplifying the investment process and reducing management complexity.
- Dual Yield Structure: JitoSOL features a dual-yield structure that provides standard staking rewards alongside incremental revenue from transaction prioritization, allowing investors to retain full exposure to Solana's price without the need for validator management, enhancing its investment appeal.
- Positive Market Response: Despite Solana's short-term price drop to $116.95, with a daily decline of 6.52%, analysts note constructive technical signals, suggesting potential buying opportunities near key support levels, with future price targets ranging from $220 to $250.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS) As of , SATS (Ordinals) (SATS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SATS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SATS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000000144 | 0.00000000472 | 0.00000000865 | 0.0000000119 | 0.0000000159 | 0.0000000191 | 0.0000000231 |
| Fibonacci | 0.00000000472 | 0.00000000747 | 0.00000000917 | 0.0000000119 | 0.0000000147 | 0.0000000164 | 0.0000000191 |
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