The issuers used an automatic SEC rule to launch the ETFs despite parts of the U.S. government being shut down. The U.S. market is about to welcome its first spot exchange-traded funds (ETFs) for Solana (SOL), Litecoin (LTC), and Hedera (HBAR). The funds, issued by Bitwise, Canary Capital, and Grayscale, are set to start
Are Wall Street’s rapid ETF approvals rewarding corporate tokens, and not grassroots decentralized networks? Wall Street’s push to approve altcoin exchange-traded funds (ETFs) this October, dubbed “Cointober” by some analysts, is drawing renewed attention to the growing institutional appetite for cryptocurrency. This has also raised questions about decentralization versus institutional validation. Cointober Frenzy According
Despite delays, experts say the approval of several altcoin ETFs, including Solana’s, are “really 100% now.” Industry observers have warned that a potential U.S. government shutdown could push spot Solana (SOL) ETF approvals past October. The recent introduction of new listing standards is also adding further uncertainty to the timeline because the experts don’t know
The launch of Aster drove BNB Chain fees to $1.4 million. BNB Chain has overtaken Solana in daily chain fees and sustained the lead for three consecutive days. Fees, which are a key indicator of actual network usage, reveal a sharp reversal after Solana dominated mid-September with highs around $2.2 million compared to BNB Chain’s
Digital asset investment products logged their second straight week of inflows as they collectively pulled in $1.9 billion. The surge followed the US Federal Reserve’s long-anticipated interest rate cut last week. Investors were initially hesitant and treated the move as a “hawkish cut,” but sentiment improved as the week progressed. By Thursday and Friday, inflows
Solana-based meme coin launchpad, Pump.fun smashed past $1 billion in daily revenue on September 15th Data compiled by Jupiter revealed that Pump.fun generated $1.02 billion, while Hyperliquid settled with $3.23 million in daily revenue during the same period. Pump.fun Resurgence With this feat, Pump.fun surpassed Hyperliquid for two days running and achieved the second-highest 24-hour