Bitwise Asset Management’s spot Solana ETF (BSOL) launched with explosive momentum, attracting $69.5 million in debut inflows that dramatically outpaced the $12 million drawn by Rex-Osprey’s competing Solana Staking ETF (SSK). The divergent performance signals strong institutional preference for BSOL’s direct exposure model and competitive 0.20% management fee, even as Solana’s price declined 3.1% to $194 on launch day, highlighting a potential decoupling between ETF demand and short-term price movements.
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CryptoMarket Report 
October 29, 2025 | 06:33
October 29, 2025 | 06:33
CryptoMarket Report October 28, 2025 | 11:29
October 28, 2025 | 11:29
Multicoin Capital
0 in Finance and 4 in Crypto last week
First US Solana Staking ETFs Launch, Expanding Crypto Access
The US financial markets have entered a new era of cryptocurrency accessibility with the historic launch of four altcoin exchange-traded funds on October 28, marking the first wave of non-Bitcoin, non-Ethereum spot crypto ETFs. This development, featuring pioneering Solana staking ETFs alongside Hedera and Litecoin products, represents a significant milestone in institutional crypto adoption and potentially catalyzes rotation into alternative cryptocurrencies after months of market consolidation.
read moreForward Industries Hires IBN for Solana Treasury Strategy
Forward Industries (NASDAQ: FORD) has engaged financial communications firm IBN to amplify its corporate strategy around one of the largest Solana treasuries among public companies. The NASDAQ-listed firm holds over 6.87 million SOL tokens acquired at a net cost of $232.08 each, representing a $1.59 billion deployment that generates substantial daily staking revenue. This strategic partnership positions Forward Industries as a key institutional gateway to the Solana ecosystem while signaling growing corporate adoption of cryptocurrency treasury management.
read moreForward Industries Forms 25-Member Crypto Advisory Board
Forward Industries (NASDAQ: FORD), a global design company with over 60 years of history, is making a dramatic pivot into digital assets by establishing a 25-member Crypto Advisory Board. This strategic move signals the company’s accelerated push into blockchain initiatives and provides expert guidance for its Solana-focused treasury strategy, supported by major crypto investors including Galaxy Digital, Jump Crypto, and Multicoin Capital.
read moreWhy Wall Street Circuit Breakers Fail in DeFi Markets
Traditional market safeguards like circuit breakers, designed to prevent panic selling on Wall Street, face fundamental incompatibility with decentralized finance. Following $19 billion in crypto liquidations last Friday, experts argue that DeFi’s autonomous architecture makes these traditional tools not just impractical but potentially harmful, creating price dislocations rather than preventing them.
read morePublic Firms Amass Billions in Solana Treasury Holdings
Publicly traded companies are aggressively diversifying their digital asset treasuries beyond Bitcoin and Ethereum, with Solana emerging as a major institutional favorite. Leading firms have collectively accumulated over $3.4 billion worth of SOL tokens, signaling a significant shift in corporate treasury strategies toward alternative crypto assets. This movement represents a calculated move down the risk curve, with companies leveraging sophisticated financing methods and deep ecosystem integration to build substantial Solana positions.
read moreGENIUS Act Threatens Bank Deposits as Stablecoins Gain
The recently enacted GENIUS Act is poised to trigger a significant shift of retail deposits from traditional banks to higher-yielding stablecoins. According to Multicoin Capital’s co-founder Tushar Jain, this legislation marks a turning point in the competition for consumer savings, potentially ending banks’ ability to offer minimal interest while charging higher rates for loans. Big tech companies like Meta, Google, and Apple are expected to enter the fray, leveraging their massive distribution networks to offer superior yields and user experience.
read moreGalaxy Digital Raises $1B for Solana Expansion
Galaxy Digital is making strategic moves to solidify its position in the crypto infrastructure space, announcing a $1 billion fundraising effort with Multicoin Capital and Jump Crypto to acquire Solana assets while launching new tokenization initiatives. These developments signal Galaxy’s commitment to pioneering onchain financial services and expanding its influence across the blockchain ecosystem, positioning the company at the forefront of digital asset innovation.
read moreSolana Proposes Dynamic Block Limits in Alpenglow Upgrade
Solana developers are considering a groundbreaking proposal to eliminate fixed block size limits, allowing blocks to expand dynamically based on validator hardware capabilities. The SIMD-0370 proposal would replace the current 60 million compute unit cap per block, potentially boosting network throughput while raising concerns about centralization risks.
read moreSolana’s DeFi Future & Fed Rate Cut Impact Analysis
In a recent Galaxy Brains podcast recorded on September 17, 2025, financial experts Kyle Samani of Multicoin Capital and Beimnet Abebe of Galaxy Trading provided critical insights into two converging market forces: Solana’s emerging dominance in decentralized finance and the Federal Reserve’s latest rate cut decision. Their analysis reveals how technological innovation in blockchain infrastructure and traditional monetary policy are increasingly interconnected in shaping investment landscapes.
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