JP Morgan Chase has disclosed a $523,000 position in Bitwise's Solana staking ETF via its latest 13F filing — a quiet but telling signal from a bank that once kept crypto at arm's length. The move reflects a broader flywheel: newly launched altcoin ETFs are giving institutional wealth programs a regulated on-ramp to assets like Solana, which now processes more transactions per second than all other blockchains combined.
Ethereum is making its own institutional case through raw tokenization dominance: $179 billion in stablecoins, $19 billion in tokenized funds, $5 billion in tokenized commodities, and $575 million in tokenized stocks are already settled on its rails. Standard Chartered has a $40,000 ETH price target by 2030, and analysts argue TradFi compliance teams will default to Ethereum Layer 1 precisely because it has never gone down.
Chainlink's full integration into the DTCC's…
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