admin – BE UPDATED https://news.yogabicep.com Wed, 23 Apr 2025 08:16:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.8 https://news.yogabicep.com/wp-content/uploads/2024/02/cropped-cropped-u-32x32.jpg admin – BE UPDATED https://news.yogabicep.com 32 32 Cointelegraph Bitcoin & Ethereum Blockchain News https://news.yogabicep.com/cointelegraph-bitcoin-ethereum-blockchain-news-41/ https://news.yogabicep.com/cointelegraph-bitcoin-ethereum-blockchain-news-41/#respond Wed, 23 Apr 2025 08:16:36 +0000 https://news.yogabicep.com/cointelegraph-bitcoin-ethereum-blockchain-news-41/

What are spot Solana ETFs and why are they important?

A spot Solana ETF is an exchange-traded fund that holds Solana (SOL) tokens directly, providing investors real-time exposure to the asset’s market price. Rather than using complex trading platforms or crypto wallets, you can access Solana via a regulated financial product traded on a traditional stock exchange. 

The value of Solana ETFs is directly tied to the open market price of SOL, offering a simple way to gain exposure to the blockchain’s performance without directly holding the asset. Unlike futures-based ETFs that use derivative contracts to speculate on Solana’s future prices, a spot ETF tracks the performance of the actual asset. 

This distinction is significant because futures products may face pricing inefficiencies, leading to performance mismatches over time. Spot ETFs are more transparent and directly reflect SOL’s real-time supply and demand on the Solana blockchain.

Spot Solana ETFs mark a significant step toward mainstream crypto adoption. These products enable retail and institutional investors to gain exposure to the Solana ecosystem while operating within the bounds of securities regulations.

Like spot Bitcoin and Ethereum ETFs, spot Solana exchange-traded funds are expected to expand market access and serve as another entry point to decentralized finance (DeFi) for traditional investors.

Did you know? Spot ETFs aim to mirror an asset’s current price by directly holding the asset, while futures ETFs use derivative contracts to speculate on future price movements.

Launch of spot Solana ETFs on the Toronto Stock Exchange

On April 16, 2025, four spot Solana ETFs started trading on the Toronto Stock Exchange, following approval from the Ontario Securities Commission (OSC). With this, Canada became the first country to launch spot SOL ETFs with staking. The OSC granted approval to the spot Solana ETFs of four asset managers: 3iQ, Purpose, Evolve and CI Financial. 

Unlike products that only track Solana’s price, these funds hold SOL tokens, giving investors direct ownership of the asset. The funds are secured via institutional-grade cold storage custody. Each fund tracks a distinct Solana-related index, offering diverse strategies with onchain asset backing. Despite their structural differences, these ETFs are all designed for long-term investment, reflecting the issuers’ strong belief in Solana’s future in DeFi.

By incorporating staking, these spot Solana ETFs provide an active way for investors to earn returns in the cryptocurrency market, all within a regulatory framework and secure, institutional-grade custody services.

These ETFs enable staking through a partnership with TD Bank, allowing the SOL they hold to actively support and secure the Solana network. In return, the network issues staking rewards, which can be passed on to investors. Since Solana typically offers higher staking yields than Ethereum, this structure may translate into greater potential returns for investors.

ETF analyst Eric Balchunas shares news about the Canadian regulator greenlighting SOL spot ETFs with staking

How does staking boost returns for Solana ETF investors?

By offering staking, these spot Solana ETFs may boost returns for investors by an estimated 2%-3.5% annually, in addition to the performance of the underlying SOL. 

The ETFs generate yield by working with staking partners that delegate up to 50% of the fund’s assets for staking. Staking rewards generated by the ETF are typically shared between shareholders and the fund manager, with the specific allocation varying depending on the ETF issuer.

Management fees of these spot Solana ETFs vary from 0.15% to 1%, with some providers offering fee waivers during the initial launch phase. After two days of trading, the combined assets under management for the four ETFs total about $73.5 million.

Staking Solana may yield higher returns than staking Ether (ETH). The ETFs intend to pass these additional rewards on to investors, potentially reducing the long-term cost of owning the ETF.

Here is a comparison between the various spot Solana ETFs with staking approved in Canada:

A comparison between the spot Solana ETFs with staking approved in Canada

Cathie Wood’s ARK Invest has incorporated staked Solana into its ARKW and ARKF ETFs, with both funds now holding shares of Canada’s 3iQ Solana Staking ETF (SOLQ).

Cathie Wood's ARK Invest adds staked Solana to two of its ETFs - ARKW and ARKF

Did you know? Altcoin ETFs track the prices of one or more cryptocurrencies other than Bitcoin (BTC). They diversify investor exposure within the cryptocurrency market, as various altcoins exhibit different price behaviors and underlying strengths.

How Canada’s spot Solana ETFs unlock passive income opportunities

Canada offering spot Solana ETFs with staking is an innovative step. Existing SOL investment products, such as the crypto ETFs in Europe and the futures-based ETFs in the US do not offer an opportunity to earn staking yield.

Incorporating yield into a regulated crypto ETF structure addresses a long-standing demand from investors and asset managers interested in proof-of-stake (PoS) networks like Solana and Ethereum. 

As staking is central to these tokens’ value, its inclusion enables SOL ETFs to offer a passive income component, making them more appealing to traditional investors seeking income-generating opportunities. The OSC’s approval of the staking feature for spot Solana ETFs may boost SOL’s position. However, staking carries risks, such as potential losses from validator penalties (slashing) or network disruptions, which could affect returns.

Nonetheless, this approval reinforces Canada’s pioneering role in crypto ETF innovation, having launched the world’s first spot Bitcoin and Ethereum ETFs in 2021, ahead of many other jurisdictions. By allowing staking rewards in spot Solana ETFs, Canadian regulators have signalled a growing acceptance of crypto-powered finance. 

Did you know? ETFs aren’t without risks. Market fluctuations can lead to losses, and tracking errors can cause an ETF’’s performance to differ from its benchmark index, affecting investor outcome.

What Canada’s launch of Solana ETFs with staking means for pending SEC applications

Canada’s decision provides alternative cryptocurrency investment choices for its investors and may serve as an example for other countries considering spot ETFs for cryptocurrencies other than Bitcoin.

Despite a subdued global macroeconomic climate — partly shaped by trade tensions during Donald Trump’s presidency — Canada’s regulators have taken a proactive stance, embracing innovation in the digital asset space. The greenlighting of Solana ETFs with staking reflects a maturing approach to crypto policy and signals confidence in alternative layer-1 networks.

Meanwhile, in the United States, anticipation is building. The launch of Solana futures on the Chicago Mercantile Exchange (CME) on March 17, 2025, is seen as a stepping stone toward a US spot ETF. The SEC is currently reviewing 72 crypto-related ETF applications as of April 21, covering a spectrum of assets from major altcoins like XRP (XRP) to memecoins like Dogecoin (DOGE), including proposals for leveraged and derivative products.

As of April 21, 2025, the SEC is reviewing 72 crypto-related ETF applications, including derivatives. The filings range from major cap altcoins to memecoins and include leveraged products and options. The outcome of Canada’s pioneering approach may offer valuable insights to regulators and could potentially influence the SEC’s decisions regarding these filings.

However, the SEC’s stance may differ significantly from Canada’s due to structural and regulatory complexities within the US financial system. Unlike Canada’s more unified regulatory framework, the US divides oversight between multiple agencies — including the SEC, CFTC, and state regulators — creating friction in crypto policymaking.

Canada’s trailblazing move could nonetheless offer a valuable case study for US regulators. As markets await the SEC’s decisions, the key question remains whether Washington will follow Ottawa’s lead — or chart its own course and a slower timeline for non-Bitcoin spot ETFs.

#Cointelegraph #Bitcoin #Ethereum #Blockchain #News

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Lakers’ use defense, physicality to flip script on Timberwolves, even series with win https://news.yogabicep.com/lakers-use-defense-physicality-to-flip-script-on-timberwolves-even-series-with-win/ https://news.yogabicep.com/lakers-use-defense-physicality-to-flip-script-on-timberwolves-even-series-with-win/#respond Wed, 23 Apr 2025 08:14:55 +0000 https://news.yogabicep.com/lakers-use-defense-physicality-to-flip-script-on-timberwolves-even-series-with-win/

Minnesota knew what was coming after pushing the Lakers around in Game 1 of this series.

“We knew they would come with high intensity, with energy. We knew it was going to be physical,” Julius Randle said.

Knowing the Lakers were going to play with a desperate intensity and dealing well with it are two different things.

“We were stagnant, missed open looks, missed layups,” Randle added.

The Lakers flipped the script in Game 2, going from the team getting pushed around to the aggressors, the more physical team on defense. They played like the team in desperate need of a win (because they were).

The result was the Lakers racing out to a 17-point first-quarter lead — again behind a hot start from Luka Doncic, who had 16 points of his 31 points in the first quarter — and this time holding on for the 94-85 win that evens the series 1-1.

This series shifts to Minnesota on Friday night.

Los Angeles’s energy on defense was evident from the opening tip — the Lakers were pressuring out higher, and they put two on the ball whenever Anthony Edwards got it. It all threw the Timberwolves off their game.

“The way that they’re guarding us, when I catch the ball, they kind of go zone, and when I try to attack a gap, it’s like three people,” Edwards said. “I’ve just got to make my decisions a little quicker, and we’ll be all right.”

Doncic was again the focal point of the offense, they even used him in he post more, but what really changed was just an attention to detail — the Lakers did things like set good screens and made solid contact with the defenders, something they didn’t do in Game 1.

LeBron James had a strong night, finishing with 21 points, 12 rebounds and seven assists. He also had a key play in the fourth, a steal and a bucket, that gave Los Angeles the momentum back when Minnesota had put together a run to get the lead down to single digits.

While Randle (27 points) and Edwards (25) got theirs, the Timberwolves’ bench, which was key in Game 1, was in foul trouble and much quieter in Game 2: Naz Reid had nine points, and Donte DiVincenzo had four.

Minnesota played better in the second half and can walk away from this game feeling positive: They got the split in Los Angeles and will not have another bad offensive half (or night) like they did in Game 2. What matters for Minnesota is that their defense held up, the Lakers still didn’t break 100 (and for all the focus the Lakers had on isolating Rudy Gobert, Doncic was 1-of-4 in those situations).

Both teams have reasons for optimism heading into Friday night and Game 3.

The Timberwolves believe their role players will feel more comfortable and be better at home. That is likely true.

While the Lakers can feel they’ve found their defense, they still have proven playoff winners in Doncic and LeBron, who tend to improve as a playoff series progresses.


#Lakers #defense #physicality #flip #script #Timberwolves #series #win

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Red Sox catcher Carlos Narvaez hasn’t hit, but ‘really understands what we need behind the plate’ https://news.yogabicep.com/red-sox-catcher-carlos-narvaez-hasnt-hit-but-really-understands-what-we-need-behind-the-plate/ https://news.yogabicep.com/red-sox-catcher-carlos-narvaez-hasnt-hit-but-really-understands-what-we-need-behind-the-plate/#respond Wed, 23 Apr 2025 07:49:22 +0000 https://news.yogabicep.com/red-sox-catcher-carlos-narvaez-hasnt-hit-but-really-understands-what-we-need-behind-the-plate/

BOSTON — In the absence of Connor Wong (broken finger), Carlos Narvaez has become, by default, the Red Sox’ starting catcher.

To date, he hasn’t hit much, with a slash line of .200/..267/.327 with a homer and five. What’s more, he’s struggled to control the running game, with just two baserunners thrown out in 11 attempts.

But when it comes to calling a game and handling a pitching staff, the Red Sox see someone who’s advanced far beyond his experience. He may be 26 already, but coming into this season, he had just six games in the major leagues to his credit.

“Really good, really good,” gushed Alex Cora of the impact Narvaez has made. “He’s always prepared in those (pre-game) meetings with the starters. He gives them feedback as far as their outings. For being a young guy, he really understands what we need behind the plate. We need a leader. We need someone just like Connor, to take pride in leading the staff.

“That’s the most important thing. Whatever you can do offensively we’ll take it. We would love him to hit .300 and hit homers and all that stuff. But the most important thing here is to lead the staff and he’s doing an amazing job.”

Indeed, a number of pitchers on the staff have publicly credited Narvaez with helping them to game-plan opponents and later, to review their outings.

With only a handful of games in the big leagues, Narvaez did a lot of his learning in winter ball, where he gained some invaluable experience.

“He’s played this year in Venezuela for (former major league catcher) Henry Blanco,” said Cora. “Henry is one of those guys that I played with, one of the smartest catchers, the way he sees the game, and I bet that really helped (Narvaez). That winter ball experience is real.

“I know a lot of guys that don’t want to go, they don’t want to go down there. But I think the winning, and the pressure you feel to be successful in those leagues, is important. Just being around those veteran (pitchers), you have guys who are 18 who throw 100 mph and then you have the veteran guy who’s 35, throwing cutters and sinkers at 85 mph. ‘How am I going to maneuver this lineup? How am I going to be able to get 27 outs with what we have.’

“That’s part of the experience and I know that really helped him.”

#Red #Sox #catcher #Carlos #Narvaez #hasnt #hit #understands #plate

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EXCLUSIVE: With Naagzilla, Dharma Productions and Mahaveer Jain Films announce multi-film collaboration; expected to be a game-changing partnership : Bollywood News https://news.yogabicep.com/exclusive-with-naagzilla-dharma-productions-and-mahaveer-jain-films-announce-multi-film-collaboration-expected-to-be-a-game-changing-partnership-bollywood-news/ https://news.yogabicep.com/exclusive-with-naagzilla-dharma-productions-and-mahaveer-jain-films-announce-multi-film-collaboration-expected-to-be-a-game-changing-partnership-bollywood-news/#respond Wed, 23 Apr 2025 07:48:20 +0000 https://news.yogabicep.com/exclusive-with-naagzilla-dharma-productions-and-mahaveer-jain-films-announce-multi-film-collaboration-expected-to-be-a-game-changing-partnership-bollywood-news/

Following the much-anticipated and internet-breaking announcement of Naagzilla starring Kartik Aaryan, Karan Johar’s Dharma Productions and Mahaveer Jain’s Mahaveer Jain Films (with Mrighdeep Singh Lamba and Sujit Jain as partners) are delighted to officially unveil a broader creative alliance, one that marks the beginning of a powerful, multi-film association.

EXCLUSIVE: With Naagzilla, Dharma Productions and Mahaveer Jain Films announce multi-film collaboration; expected to be a game-changing partnershipEXCLUSIVE: With Naagzilla, Dharma Productions and Mahaveer Jain Films announce multi-film collaboration; expected to be a game-changing partnership

EXCLUSIVE: With Naagzilla, Dharma Productions and Mahaveer Jain Films announce multi-film collaboration; expected to be a game-changing partnership

With a shared vision of pushing boundaries and crafting genre-defying cinema, Dharma Productions and Mahaveer Jain Films are joining forces to produce a slate of ambitious, entertaining, and culturally resonant stories. From high-concept fantasies to contemporary dramas and compelling narratives rooted in Indian ethos, this collaboration promises a fresh wave of cinematic experiences for audiences across the country and beyond.

Mahaveer Jain and Mrighdeep Singh Lamba spoke excitedly about this collaboration saying, “We’ve been inspired and entertained by films made by Karan since our growing up days and it was our deepest desire to be associated with Dharma productions in this journey of entertaining audiences. It’s a privilege to collaborate with Karan, Adar Poonawalla, Apoorva Mehta and Team Dharma; we hope to inspire and entertain audiences, just as we’ve aspired to.”

EXCLUSIVE: With Naagzilla, Dharma Productions and Mahaveer Jain Films announce multi-film collaboration; expected to be a game-changing partnershipEXCLUSIVE: With Naagzilla, Dharma Productions and Mahaveer Jain Films announce multi-film collaboration; expected to be a game-changing partnership

Besides Naagzilla, Dharma and Mahaveer Jain Films have also begun work on other projects. A source told us, “Naagzilla, featuring Kartik Aaryan as a shape-shifting naag in a fantasy comedy directed by Mrighdeep Singh Lamba, is just the beginning. Several exciting projects will be periodically announced. In fact, two of these projects are already in advanced stages. The casting is also locked and the announcement is expected to happen soon.”

With this collaboration, Dharma Productions and Mahaveer Jain Films are all set to create waves and redefine what mainstream Indian cinema can aspire to be.

Speaking of Naagzilla, it is directed by Mrighdeep Singh Lamba and is all set to release in cinemas on August 14, 2026.

Also Read: Dharma Productions reveals motion poster of Naagzilla starring Kartik Aaryan as mystical naag; film to release on August 14, 2026

More Pages: Naagzilla Box Office Collection

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Tesla holds onto Bitcoin as Musk says time at DOGE to ‘drop significantly’ https://news.yogabicep.com/tesla-holds-onto-bitcoin-as-musk-says-time-at-doge-to-drop-significantly/ https://news.yogabicep.com/tesla-holds-onto-bitcoin-as-musk-says-time-at-doge-to-drop-significantly/#respond Wed, 23 Apr 2025 07:37:43 +0000 https://news.yogabicep.com/tesla-holds-onto-bitcoin-as-musk-says-time-at-doge-to-drop-significantly/

Tesla has held onto its Bitcoin during the first quarter of 2025 as CEO Elon Musk promised shareholders that he would scale back his time working as the Trump administration’s cost-cutting czar.

Musk’s comment appears to have been the main catalyst behind Tesla’s (TSLA) 5.4% price jump in after-hours trading on April 22 to $250.80 after closing the trading day up 4.6%, according to Google Finance. 

It comes as the automaker’s Q1 results released the same day show revenues hit $19.34 billion, missing Wall Street estimates by 7.85% and marking a 9.2% fall from the same period last year.

Tesla’s net income of $409 million also marked an 80.8% quarter-on-quarter drop and a 70.5% fall from Q1 2024.

Source: Tesla

Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1, alongside Bitcoin’s (BTC) 11.56% price fall to $82,514 over the same time, according to CoinGecko data.

A new rule from the Financial Accounting Standards Board allows public companies to report their crypto holdings at market value. Before, only losses were recorded — unless the crypto was sold. 

Tesla’s 11,509 Bitcoin stash is now worth over $1.07 billion as a result of the market rebound over the last week, according to Bitcoin Treasuries data. Tesla’s Bitcoin holdings haven’t changed since June 30, 2022.

Musk to ease up on DOGE duties

In an April 22 earnings call, Musk promised that he would scale back his time working at the Trump administration’s so-called Department of Government Efficiency, or DOGE, to focus more on Tesla.

“Starting probably next month, May, my time allocation to DOGE will drop significantly,” Musk said. 

“I’ll be allocating far more of my time to Tesla now that the major work of establishing the Department of Government Efficiency is done.”

Musk said he’ll continue to spend “a day or two per week” on DOGE-related matters for as long as US President Donald Trump needs to ensure the “waste and fraud that we stop does not come roaring back.”

Related: Peirce signals SEC ‘reorientation’ under new chair Paul Atkins

Tesla’s 5.4% rise in after-hours came on the back of a 4.6% increase to nearly $237 during the April 22 trading day as the broader market clawed back some losses from earlier in the week.

Tesla shares are still down over 37% year-to-date, driven partially by declining sales, Musk’s increased political presence and economic uncertainty stemming from Trump’s tariffs.

Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why