#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Multiple potential SOL ETF issuers have submitted updated S-1 filings.
[Multiple potential SOL ETF issuers submitted updated S-1 filings] On Friday, several companies submitted updated S-1 filings to list Spot Solana exchange-traded funds. Some experts say this move indicates that the U.S. Securities and Exchange Commission (SEC) is closer to approving these products. According to a series of regulatory documents, investment firms Franklin Templeton, Galaxy Digital, and VanEck have submitted updated S-1 filings, which are the registration statements required for an ETF to obtain approval for public trading by the SEC. Fidelity also submitted its Solana fund S-1 filing on Friday, with one insider saying, "This is Fidelity's first S-1 filing for a Solana ETP Spot."