
Business
The Banks' New Stablecoin Has 21 Owners and No Blockchain
The consortium wants a dollar token live in the first half of 2027. The OCC will not finish writing its GENIUS Act rules until November.
·Tom Chen
4 articles

The consortium wants a dollar token live in the first half of 2027. The OCC will not finish writing its GENIUS Act rules until November.

Spot Solana ETFs hit $1 billion in AUM after five consecutive days of inflows, with Goldman Sachs emerging as the second-largest institutional holder behind Bitwise's BSOL fund, which commands 62 per cent of the category.

The Goldman Sachs Bitcoin Premium Income ETF would use a covered-call strategy to generate yield from bitcoin's price swings, marking the bank's first proprietary crypto fund after years of scepticism.

Goldman analyst James Yaro says the return of $1.32 billion in March ETF inflows and receding forced liquidations indicate a cyclical floor for Bitcoin near $67,000.