The Coinbase premium index has had a positive turnover in the past, and the demand for BTC from US institutional investors may increase

Another day, another once unthinkable crypto exchange traded fund filing. Canary Capital's proposed Solana ETF has become the second such vehicle to reach the starting gate.In a regulatory filing Tuesday the Securities and Exchange Commission (SEC) opened up public comment on the "Canary Solana Trust," a proposed ETF that would bring SOL investing into mainstream finance.See all newslettersThe filing amounts to a clock-setting for Canary Capital's proposed investment vehicle. In 21 days the SEC will render a verdict (approval or denial) or, perhaps more likely, kick the decision can with deadline extensions.Market observers are broadly bullish that SOL and other altcoins will win their own ETFs this year, but the exact timing and order is unclear. What's more seemingly apparent is the SEC's newfound willingness to look favorably upon the industry, and past the regulator's old misgivings under former Chair Gary Gensler.Donald Trump's return to the White House created an opening for Canary to act aggressively, CEO Steve McClurg previously told CoinDesk. The firm's looking to list altcoin ETFs for assets like Solana that would have been nonstarters under the old regime.Grayscale's prospective Solana ETF reached this starting gate last week, meaning its 21-day fate will come a few days before Canary's – and likely be a "canary in the coal mine" for both.A representative for Canary did not immediately respond to a request for comment.

OKX-BTC/USDT is currently trading at $95030.60, with a 24-hour decline of 2.63%. Please be aware of market fluctuations.

OKX-ETH/USDT is currently trading at $2604.01, with a 24-hour decline of 3.16%. Please be aware of market fluctuations.

Ether (ETH), the second largest cryptocurrency by market capitalization, recently sunk to its weakest price compared to bitcoin (BTC) since late 2020 in a trade war-fueled panic crash, but a relief bounce might be on the horizon.See all newsletters"ETH looks to be trying to establish some bullish momentum and could be looking to finally make a recovery back above $3,000," LMAX strategist Joel Kruger said in a Tuesday morning report. "Sentiment towards the world’s second largest crypto asset has been back on the rise with many medium and longer-term players stepping in to take advantage of the recent dip," he added."ETH looks to be trying to establish some bullish momentum and could be looking to finally make a recovery back above $3,000," LMAX strategist Joel Kruger said in a Tuesday morning report. "Sentiment towards the world’s second largest crypto asset has been back on the rise with many medium and longer-term players stepping in to take advantage of the recent dip," he added.Ether's relative strength index (RSI), a key technical indicator representing momentum, dropped to near 35%, which foreshadowed a rebound in several previous occasions from similar oversold levels, crypto analytics firm 10x Research noted in a report.The upcoming Pectra upgrade, scheduled for March, could also provide a "modest wave of hype" in the next few weeks, the report added. Wednesday’s U.S. CPI inflation report, if it arrives in line with analyst forecasts of 2.9% or lower, could also boost crypto market sentiment and fuel ETH higher, the report said.Ether is currently battling with key resistance at around $2,650, and a breakout could see prices climbing to the next resistance level of around $3,000, 10x Research analysts said.Ether Has Underperformed, but Total Value Locked on Ethereum Is Rising: CitiETH shed 20% of its value over the past month as the border altcoin market bled against bitcoin, which consolidated sideways in a narrow range around the $100,000 level. The second largest crypto was recently down 1.5% over the past 24 hours at $2,644, and a rebound from current levels to $3,000 would translate to a 13.5% gain.

BTC perpetual current price of $95201.20, there is a momentary dip, and the price may rise. Please pay attention to the position situation. Data for reference only Pin warning is monitored by AiCoin's custom indicators. Click "Sync Warning" on the PC to immediately receive the same pin warning!