Market Signal Briefing

BitMine has expanded its ETH holdings by $321 million, boosting confidence amid a strong market rebound.

Bitcoin price is consolidating gains above $113,500. BTC could rise further if there is a clear move above the $115,750 resistance.

Bitcoin started a fresh upward move above the $114,000 resistance level.
The price is trading above $114,200 and the 100 hourly Simple moving average.
There is a bullish trend line forming with support at $113,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move up if it trades above the $115,750 zone.

Bitcoin Price Starts Consolidation
Bitcoin price formed a base and started a fresh increase above the $112,500 zone. BTC gained pace for a move above the main hurdle at $113,500.

It opened the doors for a move above $115,000 and the 100 hourly Simple moving average. Finally, the price spiked above $116,000 and is currently consolidating gains above the 23.6% Fib retracement level of the recent wave from the $106,718 swing low to the $116,309 high.

Besides, there is a bullish trend line forming with support at $113,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $114,000 and the 100 hourly Simple moving average.

Source: BTCUSD on TradingView.com
Immediate resistance on the upside is near the $115,000 level. The first key resistance is near the $115,500 level. The next resistance could be $115,750. A close above the $115,750 resistance might send the price further higher. In the stated case, the price could rise and test the $116,300 resistance. Any more gains might send the price toward the $117,500 level. The next barrier for the bulls could be $118,000.

Another Pullback In BTC?
If Bitcoin fails to rise above the $115,500 resistance zone, it could start a fresh decline. Immediate support is near the $114,000 level. The first major support is near the $113,500 level or the trend line.

The next support is now near the $111,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, below which BTC might struggle to recover in the short term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $114,000, followed by $113,500.

Major Resistance Levels – $115,500 and $116,500.

After weeks of turbulence and anxiety across the crypto market, investor sentiment is finally showing signs of recovery. The Crypto Fear & Greed Index, a popular sentiment indicator that measures the mood of the cryptocurrency market, has officially shifted from “fear” to “neutral” for the first time since mid-October.

Bitcoin edged higher on Sunday as signs of easing US-China trade tensions lifted risk assets, while Strategy’s founder hinted the company kept adding to its Bitcoin holdings.

Strategy Keeps Buying
Michael Saylor posted a chart on October 26 that uses orange dots to mark recent purchases. The visual cue has become his shorthand for new buys.

Based on reports, Strategy added 387 BTC between October 13 and October 20, bringing its total to 640,418 BTC. That number is striking on its own. It shows a steady, deliberate approach to buying even when prices are volatile.

Strategy’s disclosed average cost for its Bitcoin stands at $74,010. The company’s moves lately have been small compared with September, when it took in more than 7,000 BTC across several large transactions. The size of any fresh purchases this week has not been publicly revealed.

At the same time, Bitcoin’s market moves were influenced by broader news. The price of Bitcoin rose about 1.6% on Sunday, while Ethereum gained roughly 2.8%. Short-term swings appear driven more by headlines than by a single company’s actions.

It’s Orange Dot Day. pic.twitter.com/5FSGmxwoNS

— Michael Saylor (@saylor) October 26, 2025

Holdings, Valuation And Track Record
Based on reports, at prices a little over $115,000 per BTC, Strategy’s Bitcoin stash is valued at around $72 billion. That valuation implies a paper gain of more than $25 billion over a total cost basis of about $47.4 billion since the program began in 2020.

Reports have logged 83 separate purchase events in that time, a pattern that has left investors with a clear view of the firm’s playbook: buy repeatedly and report afterward.

Some of the buying was concentrated in September, when the firm added thousands of coins in a few large moves. Recently, however, allocations have looked smaller and more frequent. That shift suggests a preference for steady accumulation rather than single big bets.

BTCUSD trading at $115,123 on the 24-hour chart: TradingView
Buying Behavior And Market Response
Strategy shares have been trading above the company’s net asset value. That fact suggests investors are comfortable owning MSTR as a way to gain Bitcoin exposure without buying the token directly. The company’s method — announce purchases after the fact and let the market reflect the holdings — has been consistent and predictable.

Geopolitical Headlines Drive Volatility
Meanwhile, officials from the US and China signaled progress in trade talks, and that helped calm some investors. According to reports, Scott Bessent told CBS News he expected the threat of 100% tariffs and an immediate export control regime to have receded.

Earlier in October, China announced tighter limits on rare earth exports used in chip manufacturing. On October 11, US President Donald Trump said he would impose an additional 100% tariff on Chinese goods and planned export controls on certain software to take effect on November 1.

Those days of sharp rhetoric caused heavy losses across markets and triggered one of the largest liquidation events in crypto this year.

Featured image from Gemini, chart from TradingView

Luisa Crawford
Oct 28, 2025 01:12

Hedera's price increased following Canary's filing for a spot HBAR ETF with the SEC, as market optimism grows. Speculation surrounds the potential approval of the ETF this week.

The value of Hedera's native token, HBAR, has experienced a notable increase, marking a four-day streak of upward movement. This surge follows the filing of Form 8-A by Canary for its spot HBAR ETF with the United States Securities and Exchange Commission (SEC), according to CoinMarketCap.

The filing has fueled speculation within the cryptocurrency community, with many anticipating that the ETF could receive approval as early as this week. The potential launch of the ETF has been a significant factor in the current rally of HBAR, which saw its price climb to $0.1816, marking an 80% increase from its lowest point earlier in the year. However, the token remains in a bear market, having declined by 40% from its peak in July.

Crypto Market Trends and HBAR's Performance
The price surge of HBAR is not occurring in isolation. It coincides with a broader rally in the cryptocurrency market, driven by various macroeconomic factors. Enthusiasm has been bolstered by developments in major economies, including China and the United States, which have contributed to a favorable market environment.

Despite the optimistic outlook, technical analyses suggest the possibility of a bearish breakout looming in the near future. Market analysts remain cautious, noting that while the current uptrend is promising, the volatile nature of the crypto market warrants careful observation.

Implications of the HBAR ETF
The introduction of a spot HBAR ETF is seen as a potentially transformative event for Hedera and its stakeholders. If approved, it would provide investors with a new avenue to gain exposure to HBAR, potentially increasing liquidity and adoption of the token.

Canary's move to file the ETF comes at a time when regulatory bodies worldwide are increasingly scrutinizing digital assets and their associated products. The approval of such an ETF would signal a significant step forward in the integration of cryptocurrencies into traditional financial systems.

As the market awaits the SEC's decision, stakeholders are closely monitoring the situation, considering both the opportunities and risks associated with this development. The outcome could set a precedent for future cryptocurrency ETFs, influencing market dynamics in the months to come.

Image source: Shutterstock

hedera
hbar
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Bitwise launches BSOL, the first U.S. spot Solana ETF, trading on the NYSE.

Robert Kiyosaki is going full throttle against fear-driven financial narratives, doubling down on bitcoin, ethereum, gold, and silver as the only true hedge against a crumbling fiat system, skyrocketing debt, and economic misinformation flooding the internet.

Canary Capital filed 8-As for Litecoin and HBAR ETFs despite the ongoing government shutdown, which has disrupted ETF approvals by the SEC.

6 minutes ago

Crypto treasury companies tightened their purse strings after the Oct. 10 market crash, with one exception, said Coinbase’s David Duong.

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Public companies that buy and hold Bitcoin and Ether have largely stopped accumulating since the market tumbled earlier in October, a move signaling a recent lapse in confidence.

Digital asset treasury (DAT) companies that buy Bitcoin (BTC) “have largely ghosted the post-Oct 10 drawdown and are yet to re-engage,” Coinbase Institutional global head of investment research David Duong said on Sunday.

“Over the last two weeks, BTC buying by DATs fell to near year-to-date lows and has not meaningfully recovered, even on green days,” he added.

The crypto buying slowdown signals the sector is cautious, as the values of many crypto treasury companies have been sliding toward the value of their asset holdings, while their stock prices have cooled from their massive rallies.

Bitcoin fell 9% in the Oct. 10 to Oct. 11 period, dropping from around $121,500 to lows below $110,500. It has fallen to lows of below $105,000 this month but has since recovered to $114,250, trading flat over the past 24 hours.

BitMine is still buyingDuong said the buying lull from Bitcoin buying companies is significant as they are “usually heavy hitters with deep pockets,” but their pullback since Oct. 10 “signals limited confidence on their part.”

Source: David Duong The buying slowdown “highlights some caution from large players post leverage washout, even at current ‘support’ levels,” he added. 

Duong said that the Ether (ETH) treasury company BitMine Immersion Technologies has been the “only consistent buyer” since the market dropped, with data showing it spent over $1.9 billion since Oct. 10 to buy nearly 483,000 ETH.

Ether fell alongside Bitcoin earlier this month, dropping over 15% to a low of $3,686 between Oct. 10 and 11, but has since slightly recovered to $4,130.

BitMine’s buying, alongside “smaller contributions from other funds,” has buoyed the total seven-day purchases by ETH treasury companies into the positive, Duong said.

However, he added that if the company “slows or pauses, we worry that the apparent corporate bid could fade.”

“We think this warrants more cautious positioning in the short term,” Duong said. “The market appears more fragile when the biggest discretionary balance sheets are sidelined.”

Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling — Joseph Chalom 

Data shows cryptocurrency short investors have suffered large liquidations during the past day as Bitcoin and altcoins have made a recovery.

Bitcoin, Ethereum Have Surged In The Last 24 Hours
Bitcoin and other cryptocurrencies have witnessed a rally during the past day, breaking away from the slump the market had earlier fallen into. At the height of this surge, Bitcoin broke past $116,000, while Ethereum touched $4,250.

The assets have since seen a small retracement. The chart below shows how BTC’s latest trajectory has looked.

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView
At its current price of $115,400, Bitcoin is up about 4% on the weekly timeframe. Similarly, Ethereum at $4,160 is in a profit of 3.4%. Most other digital assets have seen similarly positive returns, although there are some outliers like Tron, which is down more than 7%. The market-wide recovery during the past day has meant that a large amount of short liquidations have piled up on the derivatives exchanges.

Crypto Market Liquidations Have Totaled At $467 Million
According to data from CoinGlass, about $467 million in cryptocurrency-related derivatives contracts have been liquidated over the last 24 hours. A contract is said to be “liquidated” when its platform forcibly shuts it down after it accumulates losses of a certain degree (as defined by the exchange).

Given that coins across the board have rebounded, the contracts crossing this threshold would mostly be the short ones. And indeed, the data would confirm so.

Looks like the liquidations have heavily tended toward short contracts | Source: CoinGlass
As is visible above, liquidations related to bearish cryptocurrency bets have reached $358 million in this window, representing 76.6% of the total flush in the sector. Bitcoin led the liquidations with $177 million in contracts involved, while Ethereum contributed the second most with $130 million in contracts. Out of the rest, Solana witnessed the largest flush at $34 million.

The distribution of the liquidations across the various market symbols | Source: CoinGlass
In some other news, Bitcoin spot exchange-traded funds (ETFs) have observed a notable amount of inflows over the past month, as CryptoQuant community analyst Maartunn has pointed out in an X post.

Spot ETFs refer to investment vehicles that allow investors to gain exposure to an asset without having to directly own it. The US SEC approved BTC spot ETFs in January of 2024. Here is the chart shared by the analyst that shows how the 30-day netflow for these vehicles has fluctuated since:

The 30-day netflow for the BTC and ETH spot ETFs | Source: @JA_Maartun on X
As displayed in the above graph, Bitcoin spot ETFs have seen inflows of $4.7 billion during the past month. Ethereum spot ETFs, which gained approval in mid-2024, have also enjoyed inflows in this period, although their value of $983 million is significantly less than BTC’s.

Featured image from Dall-E, CoinGlass.com, CryptoQuant.com, chart from TradingView.com

ETHZilla sold $40 million in ETH to fund stock buybacks.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bitcoin is breaking through multiple important levels, resulting in more than a $600,000,000 trading volume spike, with the possibility of continuing to move above $115,000. Shiba Inu and Ethereum tell a different story as their prices are yet to reach important resistances. 

Bitcoin breaks throughBitcoin easily passed through an enormous resistance level, with more than $600 million in trading volume, and the $115,000 mark may soon decide whether the biggest cryptocurrency in the world is prepared to start an uptrend again.

Bitcoin has returned to this resistance zone, which has historically served as both a ceiling and a starting point for significant price increases. Bitcoin, which is currently trading slightly below $115,700, has demonstrated remarkable fortitude in the face of recent market volatility and macro uncertainty.

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BTC/USDT Chart by TradingViewThe asset has regained structural stability, as shown by its recovery from the $108,000 support zone and its robust bounce above the 100- and 200-day moving averages. The successful confirmation of a bullish reversal pattern on the daily time frame could lead to a substantial surge in momentum buying if Bitcoin is able to close decisively above $115,000.

Technically speaking, this level is consistent with earlier rejection points that stopped Bitcoin’s advance in the middle of September. If it were broken, the local downtrend would be invalidated, and the next important targets, $118,000 and $120,000, would be set up. The Relative Strength Index is rising from neutral levels, and volume indicators are beginning to depict renewed market participation, both of which point to the rebuilding of market energy.

Another argument in favor of the bullish position is the general sentiment. On-chain activity and trading volume have started to increase once more, suggesting that investors who have been absent are coming back as trust is restored. The move could signal the change from recovery to rally if the breakout above $115,000 holds, and Bitcoin might resume its accelerated uptrend phase from earlier this year.

The future of Bitcoin, to put it simply, depends on one crucial factor. Expect Bitcoin to soar if $115,000 breaks cleanly, possibly paving the way for a fresh push toward the mid-$120,000s and higher.

Shiba Inu consolidation moveAs the token continues to consolidate within a narrow range just above its recent support, Shiba Inu is getting close to a critical juncture. The next move will probably determine whether SHIB can finally stage a significant recovery or continue to be stuck in its current stagnation phase, following weeks of muted price action.

Stable above its local support at $0.0000098, which has served as a defensive zone on multiple occasions during October, SHIB is currently trading at about $0.00001045. The 50-day and 100-day moving averages provide a more substantial barrier at $0.0000120, after which there is immediate resistance to watch at $0.0000118. Because they have continuously capped upward attempts, these dynamic resistance levels will be crucial battlegrounds for bulls in the upcoming sessions.

The 200-day moving average is waiting for a short-term rally toward $0.0000130-$0.0000132 if Shiba Inu is able to break above $0.000012. For SHIB to confirm a trend reversal, it would be necessary to convincingly breach this level, which is a long-term structural resistance point.

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Investor momentum is weak, though, as evidenced by the recent lack of trading volume and the quiet RSI readings near the neutral 45 zone. This shows that most market participants are still cautious and are awaiting confirmation before making financial commitments. SHIB may retest the lower limit of its current range at $0.0000095 if the resistance levels reject the price once more, which could result in an extension of its consolidation phase into November.

To put it briefly, the next price war for Shiba Inu will be between $0.0000118 and $0.0000120. Failure here would probably confirm the market’s current sluggishness, keeping SHIB grounded for the time being. However, a breakout above could inspire fresh hope and short-term upward momentum.

Ethereum's impressive recoveryIn recent days, Ethereum has recovered impressively, regaining the $4,000 zone and advancing toward $4,200. Nevertheless, Ethereum is currently at one of the most important resistance levels of 2025, which could determine whether the uptrend continues or breaks under its own weight despite the market’s generally bullish sentiment.

At $4,160, ETH is currently bouncing off the $4,200-$4,300 resistance level, which has served as a structural ceiling since early September. Historically, the 200-day exponential moving average, which is a powerful barrier between bullish and bearish momentum, falls within this range. This year, every attempt to break through it has ended in a complete reversal or a significant pullback, and the setup now appears frighteningly similar.

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Although encouraging, speculative volume has driven the market’s recent recovery more so than fundamental demand. At 53, the Relative Strength Index (RSI) suggests that the market is neutral to slightly overbought. As Ethereum approaches a technical exhaustion point, volume momentum has flattened out in comparison to the August surges, indicating that buyers are losing ground.

To put it briefly, $4,200 represents a short-term ceiling – a price barrier that Ethereum needs to firmly overcome in order to maintain its upward trend. Not only will this slow the rally, but it may also signal the end of Ethereum’s recovery, returning the asset to a bearish outlook for the coming weeks.

S&P Global Ratings has given Michael Saylor’s Strategy a “B-” credit rating, placing it in the speculative, non-investment-grade territory — often referred to as a “junk bond” — although it said the Bitcoin treasury company’s outlook remains stable.

“We view Strategy’s high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low US dollar liquidity as weaknesses,” the credit rating platform said in a review of Strategy on Monday.

Strategy has accumulated its 640,808 BTC treasury mainly via equity and debt financing. The stable outlook assumes the company will prudently manage convertible debt maturities and maintain preferred stock dividends, potentially through additional debt issuance, it said.

S&P Global highlighted that Strategy faces an “inherent currency mismatch,” with all debt due in US dollars while much of its dollar reserves are allocated to fund its software business, which operates at approximately breakeven in earnings and cash flow.

Source: StrategyThe credit rating is significant as it marks the first time a Bitcoin‑treasury-focused company has received an S&P Global assessment — establishing a benchmark for TradFi to evaluate the credit risk of companies that center their business models around Bitcoin and crypto.

Strategy is on par with Sky ProtocolStrategy received the same score as decentralized stablecoin issuer Sky Protocol, previously MakerDAO, in August.

S&P Global pointed to Sky Protocol’s high depositor concentration, centralized governance and weak capitalization to justify the B-minus rating.

Strategy’s B-minus rating will need to bump up six levels — to BBB-minus —  in order to escape the “junk bond” zone.

The latest rating comes as Strategy was one of the Nasdaq’s best-performing stocks in 2024, rallying 430%. MSTR has, however, retraced 13% so far in 2025, according to Google Finance data.

That includes a 2.27% rise on Monday, indicating that S&P Global’s rating didn’t hurt the company’s share price.

Strategy must increase US liquidity, reduce reliance on debt While S&P Global said an upgrade in the next 12 months is unlikely, it noted that it could raise the ratings if Strategy improves its US dollar liquidity, eases convertible debt, and continues to demonstrate strong access to capital markets, including when Bitcoin retraces.

However, S&P Global said there’s a risk that Strategy’s convertible debt may be due at a time of a “severe Bitcoin stress,” forcing them to liquidate some of its Bitcoin at “depressed prices.”

Strategy’s score could also fall lower if its access to capital markets weakens, crunching its ability to raise funds and continue its Bitcoin strategy.

Magazine: Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin

Trump's pick of pro-crypto advocate Michael Selig to lead the CFTC ignites fresh optimism, as his pledge to boost freedom, innovation, and make America the crypto capital aligns with his past clarification of XRP's legal status, signaling powerful bullish momentum.

S&P Global Ratings has given Strategy (MSTR) a B- credit rating, placing the company firmly in the non-investment grade or “junk bond” category. The rating reflects S&P’s view that Strategy’s business model—centered almost entirely on holding bitcoin (BTC)—poses significant financial risks, despite the company’s large market capitalization and access to capital markets.

According to S&P, a B rating signals speculative credit quality with a heightened default risk. A B- indicates slightly higher risk, while still above CCC territory, which denotes very high default risk. Led by Executive Chairman Michael Saylor, Strategy has evolved from a traditional software firm into a bitcoin treasury company, using nearly all excess cash to buy bitcoin and financing operations through convertible debt, preferred stock, and equity sales.

As of mid-2025, Strategy held roughly $70 billion in bitcoin against $15 billion in outstanding debt and preferred equity. However, S&P emphasized that this strength is misleading since the company holds minimal cash and generates little operational income. Between January and June 2025, it reported a negative $37 million in operating cash flow.

S&P also noted a currency mismatch—bitcoin assets versus dollar-denominated debts and dividends—creating potential liquidity stress if bitcoin prices drop. The firm’s negative adjusted capital stems from S&P’s exclusion of bitcoin from equity due to volatility. Strategy also faces over $640 million in annual preferred dividends, which it plans to fund through new equity rather than bitcoin sales.

Despite these challenges, S&P maintained a stable outlook, citing manageable debt maturities through 2028 and strong capital access. Shares of MSTR rose nearly 3% on Monday, tracking bitcoin’s weekend rally to $115,500. Still, S&P warned that unless Strategy strengthens its dollar liquidity, upgrades are unlikely, as its fortunes remain tightly tied to bitcoin’s volatility.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

In a significant development for the XRP ecosystem, Ripple-backed Evernorth Holdings has accumulated over $1 billion worth of XRP as it prepares for its upcoming Nasdaq listing. This move has not only reinforced Evernorth's position as one of the largest XRP holders but also reignited investor optimism surrounding Ripple's growing influence in institutional crypto finance.

Bitcoin’s recent liquidity flush has stirred volatility across the market, leaving traders cautious as Ethereum shows signs of a potential recovery. While BTC struggles to stabilize after clearing key liquidity levels, ETH is attempting to reclaim crucial resistance, setting the stage for what could be the next major directional move in the crypto market.

Market Weakness Persists After $116,000 Liquidity Sweep
Can Özsüer, in his latest BTC 1H Current Chart update shared on X, highlighted that the hourly chart of Bitcoin shows little to no bullish reflection at the moment. He pointed out that market sentiment has weakened, particularly after the $116,000 liquidity zone was cleared, which further dampened the outlook across the broader crypto market.

According to Özsüer, the overall setup remains fragile, and taking scalp long positions in such conditions could be risky until a clearer reversal structure begins to form. Özsüer identified the $111,000 level as a potential zone for an initial reaction buy, suggesting that some short-term support could emerge around this point. However, he cautioned that if this level fails to hold, Bitcoin could experience a sharper decline toward the trendline support near $109,000.

Source: Chart from Can Özsüer on
He further advised that traders should construct their strategies carefully, focusing on the zones within what he referred to as “box number 1.” This area could provide a technical framework for identifying potential entry points and managing risk effectively.

To conclude, Özsüer noted that the cleanest and safest approach would be to align trading plans around optimal price levels while ensuring that positions remain protected above the defined support structure.

Bullish Momentum Builds If $4,200 Is Reclaimed
While Bitcoin faces a potential drawdown, crypto analyst Ted Pillows revealed that ETH is currently engaged in a critical fight to reclaim the $4,200 resistance zone. The success of this immediate technical battle is crucial, as it will determine the asset’s trajectory in the days to come.

Ted pillows outlined the condition for a continuation of the rally; if Ethereum is able to decisively reclaim and hold the $4,200 level, traders should “expect more bullish continuation.” Conquering this resistance would likely signal a clear path to the next higher price targets.

Conversely, should ETH fail to secure the $4,200 zone, the price will likely retreat. The analyst predicts that this failure would trigger a necessary retest of the $4,000 level before the market can attempt any further upward moves, indicating that $4,000 acts as the crucial defense line against a deeper correction.

BTC trading at $115,187 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com

Bitcoin climbs above $115K as trade optimism, Trump-linked investments, and Ledn's $1B Bitcoin loans boost confidence. Bulls now eye a breakout toward $124K.

In brief
Four altcoin-tracking ETFs are set to begin trading in the U.S. this week.
Canary Capital's Litecoin and Hedera funds will be listed, alongside Bitwise and Grayscale Solana funds.
The debuts follow successful Bitcoin and Ethereum spot ETF rollouts in 2024.
Four exchange-traded funds tracking separately Solana (SOL), Litecoin (LTC), and Hedera (HBAR) will list this week, expanding the slate of spot crypto ETFs trading in the U.S. following a long list of altcoin funds proposed to regulators.

The Canary Litecoin ETF and Canary HBAR ETF are already effective as of this writing and will begin trading on the Nasdaq on Tuesday. Bitwise said that it's Solana Staking ETF is also effective and will debut on Tuesday, while the Grayscale Solana ETF—a conversion from an existing closed fund—will list on Wednesday, Bloomberg ETF Analyst Eric Balchunas wrote on X Monday.

The sudden turn of events–unexpected among many observers–comes as the NYSE and Nasdaq certified 8-A filings that offer fund issuers an alternative route to the recent ETF approval process.

Introducing $BSOL — the Bitwise Solana Staking ETF. Starts trading tomorrow.

- First U.S. ETP to have 100% direct exposure to spot SOL
- Maximizing Solana’s 7%+ average staking reward rate*
- Targeting 100% of assets staked
- Staking through Bitwise Onchain Solutions, powered by… pic.twitter.com/Vo8Ko0qOCn

— Bitwise (@BitwiseInvest) October 27, 2025

Issuers file these forms with the SEC to register certain securities under the Securities Exchange Act of 1934. The funds met the generic listing standards adopted by the SEC in September for commodity-based trusts, Canary noted.

The listings of the four ETFs would end months of speculation about when the funds will begin trading, with the U.S. government shutdown—now approaching its fourth week—complicating matters. In an operations contingency plan posted Oct. 1, the agency said that it would "not review and approve applications" for products or provide other "non-emergency support to registrants."

The SEC is currently weighing several dozen crypto-focused funds covering individual altcoins, combinations of assets and strategies. Among them are also spot funds tracking Cardano, Avalanche, and Dogecoin.

Bloomberg analysts had forecast initial SEC green-lighting for Solana and other altcoin ETFs earlier this month, and set 100% odds for the SOL products and nearly the same for other funds. On September 15, Canary updated its prospectus for its Litecoin fund.

Decrypt also reached out to Grayscale Investments and the SEC for comment, but did not immediately receive a response from either party.

Investors have been scrambling to address investors' voracious appetite for crypto-focused funds amid a more favorable regulatory and political environment for the industry, and following the dramatic success of spot Bitcoin and Ethereum ETFs, which won approvals last year.

The 11 BTC funds now manage about $150 billion in assets (AUM), according to data analytics platform CoinGlass, with BlackRock's iShares Bitcoin Trust—the fastest-growing ETF in the industry's 32-year history—accounting for more than half the total. Ethereum funds' AUM now surpasses $27 billion.

Solana, the sixth-largest cryptocurrency with a market capitalization of more than $111 billion, was recently trading above $199, up 0.5% over the past 24 hours, as investors grew upbeat about risk-on assets after a favorable turn in U.S.-China trade talks.

In a Myriad market, just 36% of users believe that SOL will hit an all-time high this year. (Disclaimer: Myriad is a unit of Dastan, the parent company of an editorially independent Decrypt.)

Litecoin and Hedera, the 29th and 30th largest digital assets by market value, were recently up 3.6% and 1.9%, respectively.

In a statement, Canary CEO Steven McClurg called the Litecoin debut "another landmark moment in what has been a pivotal year for the crypto industry."

"Litecoin has demonstrated a proven track record of security and reliability with signicant enterprise-class use cases....We are proud to provide investors an SEC-registered vehicle to gain exposure to this important digital asset."

UPDATE (October 27, 2025, 6:35 p.m. ET): Adds Litecoin and Hedera price information and Canary comment. 

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Bitwise and Canary Capital confirm Solana and HBAR ETFs will start trading tomorrow, ending weeks of regulatory confusion.Despite strong anticipation, SOL and HBAR prices remain flat as traders await proof of ETF impact and regulatory stability.Market uncertainty, driven by a U.S. government shutdown and ETF delays, tempers optimism around institutional crypto adoption.After some initial confusion, it seems confirmed that Bitwise and Canary Capital’s Solana and HBAR ETFs will begin trading tomorrow. This could further open the world of altcoin ETFs.

So far, uncertainty regarding financial regulators and macroeconomic situations have left the situation ambiguous. Neither token has posted a price rally, despite this ostensibly bullish news.

Solana ETF To Begin TradingETFs based on Solana and HBAR have been hotly anticipated in the markets, but there’s been a lot of confusion and false starts. Although analysts anticipated a wave of altcoin ETFs, confusion has reigned about these products’ actual launch.

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Today, however, Bitwise announced that its SOL-based product is ready to go:

🚨JUST IN: @BitwiseInvest just filed its $SOL spot ETF registration statement, which will be visible on the @SECGov website tomorrow morning, I’m told.

The @NYSE approved the 8‑A filing this morning, making the ETF effective and ready to launch tomorrow morning at market open. https://t.co/HYq4w4Ru9i

— Eleanor Terrett (@EleanorTerrett) October 27, 2025
Earlier today, Canary Capital claimed that its Solana and HBAR ETFs were about to be listed, and the NYSE Arca certified its approval. Leading ETF analysts took this as confirmation, but a little lingering doubt remained.

Now that two issuers have made similar statements, however, the launch seems like a foregone conclusion.

Doubt and ConfusionNow that institutional investors are pouring huge sums into the ETF market, the first altcoin products are posting huge successes. Friendly regulators have also encouraged new features like staking, allowing the markets to further diversify. In other words, a Solana ETF could make a huge splash.

However, SOL’s token price hasn’t reacted much to this news. Although analysts theorized that a Solana ETF would cause the underlying asset to surge in valuation, its price actually went down today. A few factors might help explain this trend.

For one thing, Solana’s price has been struggling lately, and the ETF isn’t even here yet. Although the launch tomorrow seems thoroughly confirmed, traders might remain skeptical until it happens.

The US federal government has also been shut down for several weeks now, disrupting altcoin ETF approvals and causing a lot of chaos. There’s no clear end in sight, and this policy is inflating market uncertainty.

For now, we’ll just have to wait for the Solana and HBAR ETFs to actually begin trading tomorrow. Hopefully, this will help rebuild some momentum for the crypto industry in these trying times.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

ETHzilla Corporation sold roughly $40 million worth of ethereum ( ETH) from its treasury to fund ongoing stock buybacks, prompting a few reactions from retail traders who have been frustrated by the firm's recent debt raise and reverse stock split.

With Uptober fading and tariffs in focus, bullish crypto has examined Pi, XRP, VIRTUAL, and Snorter, outlining how analysts have viewed the dip as consolidation while markets have looked to the Fed and potential bull-run setups into 2025.

2 mins mins

In Brief

MetaMask’s claim.metamask.io domain hints at a possible MASK token airdrop portal.

Polymarket traders raise odds of a MetaMask airdrop happening before end of 2025.

MetaMask expands features with Perps and plans integration with Polymarket’s POLY token.

A newly discovered MetaMask domain has intensified speculation about a possible MASK token airdrop. The subdomain, claim.metamask.io, features a login portal with no further details.

Users spotted the password-protected page this week, leading many to believe a claim portal may launch soon. Its design and structure closely match MetaMask’s verified ecosystem, fueling further expectations.

INTEL: MetaMask has registered a domain for claiming MetaMask tokens, suggesting the airdrop may be near

— Solid Intel 📡 (@solidintel_x) October 27, 2025

This activity follows the recent launch of MetaMask Rewards, a loyalty system that tracks user participation in DeFi activities. The rewards program allows users to earn points for token swaps, bridging, and interacting with supported Layer-2 networks.

ConsenSys launched the rewards program alongside its Ethereum Layer-2 network Linea, hinting at deeper integration. Analysts believe these reward points could become eligibility factors for any future MASK token distribution.

Airdrop Odds Rise on Polymarket as Hints Continue to Build
On-chain observers continue linking the rewards rollout to the potential MASK token airdrop. Polymarket now shows a 24% chance of a MetaMask airdrop happening before year-end.

Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop? 2
Source: PolyMarket

Meanwhile, MetaMask recently introduced MetaMask Perps, a new perpetual futures trading feature for EVM-compatible networks. The platform also plans to integrate Polymarket and support its POLY token airdrop.

Consensys CEO Joe Lubin previously confirmed plans for a MetaMask token to support decentralisation efforts. MetaMask has not yet announced an official token launch date, but indicators continue pointing toward a release.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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TLDRBitwise Solana ETF Targets Growing Crypto MarketCrypto ETFs Gaining MomentumGet 3 Free Stock Ebooks

Bitwise is launching the first-ever Solana Staking ETF, named BSOL, on the New York Stock Exchange this Tuesday.
The BSOL ETF will offer 100% direct exposure to the spot price of Solana (SOL), providing a unique investment opportunity.
Bitwise aims to capitalize on Solana’s growing mainstream adoption with the launch of its Solana Staking ETF.
The launch of BSOL marks a significant step in the rising popularity of Solana-based financial products.
Other crypto firms, including Canary Capital and Grayscale, are also preparing to launch Solana-related ETFs this week.

Bitwise is set to launch its Solana exchange-traded product (ETP), the Bitwise Solana Staking ETF (BSOL), on Tuesday, May 10. This marks the first-ever ETP to offer 100% direct exposure to the spot price of Solana (SOL). The product will debut on the New York Stock Exchange, solidifying Bitwise’s position in the crypto ETF market.

Bitwise Solana ETF Targets Growing Crypto Market
Bitwise’s new Solana Staking ETF will be denoted by the ticker symbol BSOL. The firm’s announcement on X states that it is the first ETF of its kind.

“Solana is headed into the mainstream, and we think it’s just getting started,” Bitwise commented.

The firm believes that the growing interest in Solana will fuel the ETF’s success.

Introducing $BSOL — the Bitwise Solana Staking ETF. Starts trading tomorrow.

– First U.S. ETP to have 100% direct exposure to spot SOL
– Maximizing Solana’s 7%+ average staking reward rate*
– Targeting 100% of assets staked
– Staking through Bitwise Onchain Solutions, powered by… pic.twitter.com/Vo8Ko0qOCn

— Bitwise (@BitwiseInvest) October 27, 2025

The Bitwise Solana Staking ETF will provide investors with exposure to Solana’s staking rewards. Solana has emerged as one of the largest cryptocurrencies by market capitalization. It ranks as the sixth-largest cryptocurrency, making it a strong contender in the rapidly growing crypto market.

The launch of the BSOL ETF highlights the increasing mainstream adoption of Solana. Investors will now have a more accessible way to gain exposure to the cryptocurrency. Bitwise’s Solana ETF is likely to draw attention from both institutional and retail investors seeking to capitalize on Solana’s future potential.

Crypto ETFs Gaining Momentum
Bitwise’s Solana ETF comes as several firms plan to launch similar products. Canary Capital is set to debut its Litecoin ETF and HBAR ETF on Nasdaq on Tuesday. The Grayscale Solana Trust ETF is expected to follow, launching on Wednesday, according to sources familiar with the matter.

These moves signal that cryptocurrency ETFs are gaining traction in the financial market. Firms are eager to meet investor demand for products that track digital assets. The introduction of these crypto ETFs could provide investors with greater liquidity and market exposure.

Despite the U.S. government shutdown, the SEC has clarified that firms can proceed with the launches of crypto ETFs. The regulatory body released guidance that allows firms to file for public listings without additional delays. This has created a favorable environment for more crypto ETFs to hit the market in the near future. The introduction of Solana ETFs, such as BSOL, highlights the increasing significance of digital asset-backed investment products.

Ethereum co-founder Vitalik Buterin and Solana co-founder Anatoly Yakovenko are once again at the center of a heated debate—this time over the security model of Ethereum's Layer-2 (L2) networks. Their opposing views have reignited industry-wide discussions about decentralization, validator trust, and the long-term viability of Ethereum's scaling approach.