In a move that can bolster the financial resilience o Ukraine amid the ongoing war with Russia, the country is reportedly moving closer to adopting Bitcoin as a national reserve asset.
Here are the latest updates from the crypto world
In a move that can bolster the financial resilience o Ukraine amid the ongoing war with Russia, the country is reportedly moving closer to adopting Bitcoin as a national reserve asset.
According to Yaroslav Zhelezniak, a member of parliament who confirmed the plan to local media outlet Incrypted, the lawmakers are reportedly working on a Bitcoin BTC$102,188 national reserve proposal, with a draft bill in its final stages.
On Feb 6, this proposal was announced during the CRYPTO 2025 conference in Kyiv. “We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zhelezniak said.
Cointelegraph also reached out to Zhelezniak for comment on the bill’s status but had not received a response by publication.
The asset manager of VanEck, said on May 14 that the company has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy.
In a press release, VanEck said that the VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in the blockchain ecosystem. This includes crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms.
The NODE ETF will also “consider any company that has clearly communicated plans to engage in this space, as evidenced through public filings, earnings calls or investor materials,” VanEck said.
According to Cointelegraph, the fund, which will be actively managed and may also invest in crypto-related financial instruments but will not hold any cryptocurrencies directly.
With the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June, the US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF)
According to a May 13 filing by the securities regulator, the SEC pushed its decision on listing Grayscale’s spot Solana SOL$170.69 Trust ETF on the New York Stock Exchange (NYSE) to October 2025.
In a May 5 X post, the Bloomberg Intelligence analyst James Seyffart wrote, that the decision came the week after the SEC delayed its ruling on Canary Capital’s Litecoin LTC$98.11 ETF.
Ryan Lee, chief analyst at Bitget Research, told Cointelegraph, that while a Solana ETF may generate only a fraction of the inflows of Bitcoin ETFs, it could increase Solana’s institutional adoption in the long term by offering investors a “regulated investment vehicle” that may still attract billions of dollars in capital.