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Solana ETFs extend inflows for fourth day as Bitcoin and Ether drag outflows
Remember when Bitcoin was the undisputed king, hoarding all the ETF love while alts scraped for scraps? Yeah, those days feel like ancient history now. Fast-forward to this week, and the capital’s rotating faster than a Solana transaction block. Spot Solana ETFs just notched their fourth consecutive day of inflows, sucking in $44.48 million on Friday alone—pushing cumulative net inflows past $199 million. Meanwhile, Bitcoin and Ether funds? The…
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Bitwise Spot Solana ETF Debuts with .5M Inflows Amid SOL Price Volatility
Bitwise’s BSOL ETF recorded $69.5 million in net inflows on its debut, outpacing rival Solana funds and setting a 2025 ETF launch record for trading volume. SOL price dropped 8% to below $180, erasing 2025 gains, amid pre-FOMC de-risking and large on-chain transfers. Analysts see potential for SOL to follow Bitcoin’s post-ETF price pattern, with institutional interest signaling mainstream adoption. Bitwise Asset Management’s…
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Bitcoin Dips Below 0K as Powell Tempers Expectations for December Rate Cut
Bitcoin price dropped to a low of $108,000 after Fed Chair Powell indicated a December rate cut is ‘not a foregone conclusion.’ The Federal Reserve cut its benchmark rate by 25 basis points, but the hawkish tone triggered $817 million in crypto liquidations. This reaction highlights crypto’s sensitivity to monetary policy, potentially delaying Bitcoin’s push toward new all-time highs. Bitcoin experienced a sharp decline yeste…
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$72.4 million trading volume for BSOL on Wednesday, surpassing the $56 million from its launch day. $69.5 million in inflows on debut day, boosting assets under management to nearly $292 million. “$72m is a huge number. Good sign,” Bloomberg ETF analyst Eric Balchunas said on X. The Bitwise Solana Staking ETF (BSOL) continued its strong market reception on Wednesday, posting $72.4 million in trading volume just one day after its NYSE debut…
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Mt. Gox Extends Creditor Repayment Deadline By One Year
Mt. Gox has extended its repayment deadline for creditors from October 31, 2025, to October 31, 2026. The delay stems from incomplete procedures for many creditors and the need for secure distribution processes. This move may reduce immediate selling pressure on Bitcoin, with roughly 34,700 BTC still awaiting distribution. The defunct cryptocurrency exchange Mt. Gox has once again delayed its creditor repayments, pushing the…
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