Solana
Why Solana is down 1.3% in the last hour
Analysis
Solana (SOL) slipped 1.3% over the past hour even as headlines highlighted broader access via traditional finance rails. CoinDesk and The Block reported that ING is now offering German retail customers access to Bitcoin, Ethereum, and Solana ETPs directly through ING accounts, but the market reaction in this short window appears muted, with SOL trading lower despite the positive accessibility news.
Contributing Factors (2)
Germans can now buy bitcoin, ether, solana products directly from their ING accounts
These crypto products receive the same German tax treatment as directly held bitcoin.
ING opens retail access to Bitcoin, Ethereum, Solana ETPs in Germany
Still, ING Deutschland noted that crypto ETPs carry significant risks and stated that crypto has no intrinsic value.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.