Bitwise’s Solana Staking ETF (BSOL) has made a powerful market debut with $56 million in first-day trading volume, defying expectations during a US government shutdown. The fund’s strong start signals growing institutional appetite for alternative crypto investment products beyond Bitcoin and Ethereum, with Bitwise CIO Matt Hougan predicting BSOL could become one of the leading digital asset investment products.
read more
CryptoMarket Report 
October 29, 2025 | 11:31
October 29, 2025 | 11:31
CryptoNews Article October 27, 2025 | 23:42
October 27, 2025 | 23:42
Eleanor Terret
2 posts last week
Hedera & Litecoin ETFs Launch Tomorrow Amid SEC Shutdown
Major cryptocurrency ETFs for Hedera (HBAR) and Litecoin (LTC) are set to debut tomorrow despite the ongoing government shutdown, marking a significant milestone in crypto market integration with traditional finance. The launches proceed smoothly thanks to strategic legal provisions that bypass the need for manual SEC approval, with the New York Stock Exchange certifying filings for multiple crypto investment vehicles including Bitwise’s spot Solana ETF and Grayscale’s GSOL conversion. This development has already sparked immediate price recoveries for both digital assets, with Litecoin reclaiming the $100 level and both cryptocurrencies posting approximately 2% gains.
read moreSenate Votes on Shutdown, Meets Crypto Leaders on Market Bill
As the U.S. government shutdown enters its third week, the Senate is pursuing parallel tracks to address both the funding impasse and long-stalled cryptocurrency regulation. While lawmakers prepare for an eleventh vote to reopen federal operations, Senate Democrats are simultaneously organizing a Wednesday roundtable with executives from Coinbase, Kraken, Circle, and Ripple to discuss the proposed market structure bill. This dual approach demonstrates Congress’s ability to advance critical financial legislation even amid broader political gridlock.
read moreSEC Approves New Standards to Speed Up Crypto ETP Listings
The U.S. Securities and Exchange Commission has approved new generic listing standards for commodity-based trust shares on Nasdaq, Cboe, and the New York Stock Exchange, marking a significant step toward expediting the approval process for crypto-related exchange-traded products. While this regulatory shift aims to reduce delays and provide clearer guidelines for issuers, experts emphasize that threshold requirements remain in place, meaning not all digital asset ETPs will immediately qualify under the new framework.
read moreSEC Plans Standard Framework to Fast-Track Crypto ETFs
The SEC is collaborating with U.S. exchanges to develop a generic listing framework for token-based ETFs, potentially eliminating the need for individual rule-change filings. Under this initiative, ETF sponsors could bypass the traditional Form 19b-4 process if the underlying token meets predefined criteria, such as market cap and liquidity. Instead, they would file a Form S-1 and observe a 75-day review period. Analysts, including Bloomberg’s James Seyffart and Eric Balchunas, view this as a positive step toward regulatory clarity, predicting high approval odds for top cryptocurrencies. The framework could also pave the way for multi-asset ETFs and staking-based structures, with Grayscale’s crypto basket fund already receiving SEC approval. Analysts further anticipate Solana, Litecoin, and XRP ETFs by 2025, citing institutional demand and a pro-crypto administration.
read moreTrump Signs Order to Review National Digital Asset Stockpile Creation
U.S. President Donald Trump has signed an executive order to establish a “National Digital Asset Stockpile,” creating a Presidential Working Group to evaluate this initiative and develop a regulatory framework for digital assets and stablecoins. The group, chaired by David Sacks, will also prevent federal agencies from promoting a Central Bank Digital Currency (CBDC) and revokes the previous administration’s crypto executive order. Trump’s plan expands from a focus on Bitcoin to include various digital assets, with support from Senator Cynthia Lummis for a formal Bitcoin reserve.
read moreTrump Establishes National Crypto Stockpile and Prohibits Central Bank Digital Currencies
President Trump has signed an executive order to create a national digital asset reserve, establishing the Presidential Working Group on Digital Asset Markets to develop a federal regulatory framework for cryptocurrencies, including stablecoins. The order prohibits federal agencies from issuing Central Bank Digital Currencies (CBDCs) and aims to eliminate regulations that hinder the digital asset sector, fostering innovation and economic growth. Following the announcement, Bitcoin has seen a positive market response, gaining 5% and surpassing the $105,160 mark.
read moreTrump’s Crypto Strategy: Ban on CBDC and Formation of White House Council
The cryptocurrency industry is urging Donald Trump to ban the US Central Bank Digital Currency (CBDC) and instead support a strategic Bitcoin reserve to address the national debt. Anticipation grows for a White House Crypto Council to guide digital asset policies, alongside potential regulatory easing for banks to offer crypto services. Market reactions have been positive, with Bitcoin prices surging as the industry looks forward to these policy shifts.
read moreSenate Banking Committee Establishes First Cryptocurrency Subcommittee Under Tim Scott
The U.S. Senate Banking Committee, under Chairman Tim Scott, is set to establish its first cryptocurrency subcommittee, with Senator Cynthia Lummis likely to chair, pending a vote. This initiative aims to enhance regulation of the digital assets industry, following the House’s passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), which emphasizes consumer protections. Republican members selected for the subcommittee include strong crypto advocates, while the participation of Democratic leaders remains uncertain.
read moreSEC Plans to Reject Solana ETF Applications Amid Price Resilience
The SEC is set to reject Solana spot ETF applications, signaling ongoing regulatory hesitance under the current administration. Despite this uncertainty, Solana’s price remains resilient at $238, with analysts eyeing a potential breakout towards $300, even as the market sees mixed performances among cryptocurrencies. Optimism for future crypto regulation persists, especially with new leadership changes on the horizon.
read more