2026-01-19 20:26:29

The recent crypto market has been buzzing with activity. The Bitcoin spot ETF has attracted continuous inflows over the past three trading days, with a total net inflow of $65.5 million, of which BlackRock's IBIT alone contributed $37.2 million. This enthusiasm has also spread to other assets — a Solana-based ETF just received approval from Canadian regulators, marking the first Solana ETF product in North America, a significant milestone.

In terms of financing, the DeFi application ecosystem is also accelerating. DeFi.app completed a $4 million funding round led by Mechanism Capital, with DCF Capital Partners and other institutions participating. It seems that the popularity of on-chain applications continues to rise.

However, there are some noteworthy signals regarding the approval process. U.S. Securities and Exchange Commission Chairman Gary Gensler mentioned that the final approval timing for the Ethereum spot ETF remains uncertain, primarily depending on the internal readiness of SEC staff. Additionally, Dubai's cryptocurrency regulatory authority VARA is also adjusting licensing standards, indicating that the market access environment is gradually evolving.

BTC-0.14%

SOL-0.17%

ETH-0.55%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
6
Repost
Share

Comment

0/400

LidoStakeAddict

· 6h ago

BlackRock IBIT's ability to attract funds is truly outstanding, $37.2 million was just absorbed effortlessly. SOL has now even received approval in Canada, it seems the ETF route is becoming smoother and smoother. --- Ethereum spot ETF is still waiting, Gensler is dragging his feet again, what is the SEC internal deliberation about... it should have been approved long ago. --- DeFi financing of $4 million dares to boast, compared to the traffic of these ETFs, it's really a small fry. --- Dubai VARA is adjusting standards, is this clearing the market or optimizing it? Their tactics are a bit hard to understand. --- I didn't expect the SOL ETF approval to come so quickly, what does the first approval in North America signal... --- The on-chain heat is really rising, but the uncertainty on Gensler's side is also quite annoying. When will they finally give a clear answer?

View OriginalReply0

NotSatoshi

· 6h ago

BlackRock IBIT's over 37 million is truly crazy. Although it's bearish for ETH, the fact that SOL can go live in Canada is also a kind of victory, right? DeFi funding is still burning money; it all depends on who can survive until the end.

View OriginalReply0

LayerHopper

· 6h ago

BlackRock's move is truly brilliant. They raised 37.2 million with just one IBIT. The hype around Bitcoin spot ETFs is simply unstoppable. Is Sol and ETH coming too? It still feels a bit uncertain on the regulatory front, with Gensler dragging his feet again. With ETFs so aggressively attracting funds, the on-chain ecosystem might need to take a step back and observe. Three days after investing 65 million, how much FOMO is there? Canada has taken the lead in approving the Solana ETF, while the US is still debating Ethereum. It's a bit amusing. Dubai's VARA is changing standards, and global regulators are also moving. Is this the rhythm of the official institutions entering the market? The institutional entry signals are so obvious—who else isn't jumping on board?

View OriginalReply0

ForkInTheRoad

· 6h ago

BlackRock's 37.2 million is really a big move; it feels like traditional finance is entering the market at an increasingly faster pace... However, Gensler's comments are a bit annoying. Do we still have to wait for their mood to approve the Ethereum ETF? --- The approval of the SOL ETF is still interesting; it's the first in North America. It feels like Solana's turnaround is about to begin. --- DeFi financing is still heating up? Why do I feel the bear market hasn't completely passed yet... --- The regulatory landscape is becoming increasingly complex. Dubai's VARA is changing standards, the SEC is dragging its feet, and the entire market environment is constantly shifting. --- A net inflow of 65.5 million looks quite substantial, but compared to the overall market size, it's just a drop in the bucket. The real big funds are probably still on the sidelines.

View OriginalReply0

ProbablyNothing

· 6h ago

BlackRock's move here is really playing chess; big funds are just patient. The Solana ETF has been approved, but ETH is still waiting, which is unscientific. Gensler really knows how to drag things out; frankly, he just hasn't made a decision. DeFi financing of 4 million, a small amount; Bitcoin's daily inflow exceeds this. Are the licensing standards in Dubai changing again? These people are really idle. Has Sol broken through this time? Seems like not much excitement. Waiting for the ETH ETF to be approved will be the real celebration.

View OriginalReply0

TooScaredToSell

· 6h ago

BlackRock is at it again, and the IBIT data has me drooling. The Solana ETF passing is truly amazing. Is XRP next? Please!

View OriginalReply0