Market Performance: Hedera, Solana, and Litecoin experienced a decline in value following the launch of their first spot exchange-traded funds (ETFs) on Wall Street, with Solana dropping over 3% and Litecoin falling 2.85%.
ETF Trading Volume: The Bitwise Solana Staking ETF saw significant trading volume of $56 million on its debut, while the other two ETFs, Canary HBAR and Canary Capital’s Litecoin Spot ETF, had much lower volumes of $8 million and $1 million, respectively.
After-Hours Trading: After-hours trading showed mixed results, with the Bitwise SOL ETF rising slightly by 0.08%, while the Litecoin and HBAR ETFs fell by 1.57% and 1.19%, respectively.
Overall Sentiment: The overall sentiment in the cryptocurrency market appears to be bearish, as evidenced by the price drops of these major cryptocurrencies despite the introduction of new investment products.
Wall Street analysts forecast BSOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BSOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 17.380
Low
Averages
High
Current: 17.380
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
