On November 18, 2024, the U.S. Options Clearing Corporation (OCC) announced plans to launch spot Bitcoin exchange-traded fund (ETF) options as early as November 19. This development follows a consistent flow of $1.7 billion in weekly inflows to spot Bitcoin ETFs, marking six consecutive weeks of positive growth, with total assets under management reaching $95.4 billion. BlackRock’s iShares Bitcoin Trust leads these inflows with $29.3 billion. Meanwhile, Solana-based decentralized applications have reported record fees due to a resurgence in memecoins, with protocols like Raydium and Jito achieving significant revenue on November 17. In regulatory discussions, Senator Cynthia Lummis proposed that the U.S. Treasury should purchase Bitcoin using a portion of its gold holdings to create a strategic reserve aiming to bolster the dollar against devaluation. These events signal increasing institutional interest in cryptocurrencies and highlight active trading within the Solana ecosystem.

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