Odaily Planet Daily reports that, according to zerohedge citing Bloomberg terminal data, Jane Street increased its holdings by a record 20.6 million shares of iShares Silver ETF SLV in the fourth quarter and is now the largest holder of this ETF. zerohedge states that investors should be aware that the fluctuations in silver prices may involve financial engineering and market manipulation.

Despite the sharp decline in silver prices, retail investors have invested nearly $500 million in the silver market over the past week, mainly in the largest silver ETF SLV. Analysts say that the massive sell-off has attracted investors, with many viewing it as a low-price buying opportunity.

Bloomberg analyst Eric Balchunas pointed out that the silver ETF SLV has recently performed exaggeratedly, but the capital inflow is only $1 billion. In contrast, Bitcoin spot ETF IBIT attracted $6 billion in capital inflows even after a price pullback, indicating a strong long-term outlook. Truly star ETFs should be able to continue attracting funds even during downturns.

Odaily Planet Daily reports that Tom Lee, Chairman of Ethereum Treasury Company BitMine, posted on the X platform that Silver SLV has shown a parabolic trend over the past month, and Gold GLD has exhibited a parabolic trend over the past year. The price movements of gold lead those of cryptocurrencies. If these large commodity markets experience such fluctuations, there should be no skepticism towards digital assets in 2026, especially ETH and BTC.

PANews December 31 News, UBS stated that the world's largest silver ETF, iShares Silver Trust (SLV), is one of the main factors driving ETF trading volume growth. Over the past four days, SLV's trading volume hit new highs for the year on three days. The Chicago Mercantile Exchange (CME) raising margin requirements triggered retail investors' excessive participation in SLV. There was a large outflow of funds on Monday, and on Tuesday, the fund flow stabilized.

As the precious metals market continues to heat up, tokenized silver is experiencing explosive growth on the chain. Data shows that the tokenized silver product SLVon launched by Ondo Finance has seen a significant increase in trading volume and user base over the past 30 days, becoming one of the most关注的 projects in the recent real-world assets (RWA) track. According to RWA.xyz statistics, SLVon's trading volume over the past month has risen to approximately $117 million, an increase of over 1200% compared to before. During the same period, its total on-chain asset value grew by about 156%, approaching $18 million. This change is highly consistent with the rise in spot silver prices, indicating that the market is gaining silver price exposure through on-chain methods.

As silver prices repeatedly hit record highs this month, market attention to silver has rapidly spread from traditional finance to the blockchain space. The latest data shows a surge in on-chain trading activity of tokenized silver, with its popularity rising in tandem with futures market and silver ETF trading volumes, highlighting the ongoing expansion trend of real-world asset tokenization (RWA). According to RWA.xyz statistics, tokenized iShares Silver Trust (SLV) has seen a monthly transfer volume increase of over 1200% in the past 30 days, with the number of holders rising by approximately 300%, and the corresponding net asset value increasing by nearly 40%. This indicates that as silver prices rise, more investors are participating in silver-related asset allocation through on-chain methods.