BizwavemediaPersonal Finance and Crypto Updates

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Bitwise’s Solana staking ETF (BSOL) opened to strong demand on Tuesday, with $10 million in trading volume in its first 30 minutes, Bloomberg ETF analyst Eric Balchunas reported.

In comparison, Canary’s HBAR ETF (HBR) and Litecoin ETF (LTCC) posted $4 million and $400,000 during the same window.

The early trading activity suggests varying levels of investor interest in the new crypto-focused exchange-traded funds, with Bitwise’s Solana product seeing the strongest initial demand among the three new offerings.

The launch follows the recent approvals of various crypto ETFs, despite limited operational capacity due to the government shutdown.

Grayscale’s Solana Trust is expected to convert into an ETF tomorrow.

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Jeffrey Huang, also known as Machi Big Brother, a prominent cryptocurrency trader known for bold leveraged positions and public commentary on market volatility, deposited 220,000 USDC into Hyperliquid today, according to Lookonchain.

The trader then increased his long positions in ETH and HYPE with 3,300 ETH valued at more than $13 million and 101,000 HYPE worth nearly $5 million.

Influential traders have been increasingly depositing stablecoins into Hyperliquid to build positions in ecosystem tokens like HYPE, according to recent activity on X. The platform has enhanced its perpetual trading features, allowing users to maintain leveraged positions on assets like ETH without expiration dates.

Shares of Strive Asset Management (ASST) rallied 49% on Monday after hedge fund manager Mike Alfred said he purchased over one million shares of the Bitcoin-focused company, which recently struck a deal to buy Semler Scientific.

“Strive is one of the most promising BTC Treasury companies globally trading at an attractive level. You simply do not bet against a generational talent like [Ben Werkman], [James Lavish],” Alfred wrote in an Oct. 25 post.

Previously, Alfred sent Bakkt stock soaring over 40% after the crypto firm appointed him to its board of directors.

With Monday’s sharp rise, ASST shares have now climbed about 90% over the past week, Yahoo Finance data shows.

Semler Scientific (SMLR) also posted a strong session, gaining 31% at the market’s close.

In May, Strive, co-founded by Vivek Ramaswamy, merged with Asset Entities to establish a public Bitcoin treasury company.

The firm recently agreed to acquire Semler Scientific through an all-stock transaction, with approval from both companies’ boards and subject to customary closing conditions.

The acquisition aims to enhance Strive’s Bitcoin per share growth and consolidate its position in the burgeoning market of corporate crypto acquisitions. Post acquisition, Strive will have over 10,900 BTC.

BlackRock, the world’s largest asset manager, deposited $225 million worth of Bitcoin and Ether to Coinbase Prime today. The transfer included both major crypto assets as part of the firm’s ongoing institutional activity.

Coinbase Prime, a specialized platform for institutional cryptocurrency custody and trading, serves as a key venue for large-scale cryptocurrency movements by firms like BlackRock. The platform facilitates secure handling of digital assets in regulated environments.

BlackRock has maintained a pattern of depositing Bitcoin and Ethereum to Coinbase Prime, indicating routine institutional rebalancing or liquidity adjustments. Such transfers align with broader institutional interest in cryptocurrency ecosystems, often tied to ETF operations and strategic asset management.

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Spot exchange-traded funds tied to XRP, Solana (SOL), and Litecoin (LTC) may launch within the next two weeks, ETF Store President Nate Geraci speculated.

According to Geraci’s recent post, the only remaining obstacle to launching spot crypto ETFs is the US government shutdown, which, once resolved, could clear the way for swift approval.

The SEC has acknowledged recent spot ETF filings for XRP from firms like Bitwise, signaling ongoing reviews that could enable US market launches. Spot ETF applications for XRP from entities like 21Shares and CoinShares have reached final SEC deadlines, paving the way for potential approvals and institutional adoption.

A spot Solana ETF has already launched in the US under a ’40 Act structure by REX-Osprey, incorporating staking for on-chain yield to attract investors. The product demonstrates how newer crypto ETFs are integrating innovative features beyond simple price exposure.

The potential crypto ETF launch would represent the latest wave of spot ETF applications following the success of Bitcoin and Ethereum products. These exchange-traded funds provide direct exposure to cryptocurrencies without futures contracts, offering institutional investors regulated access to digital assets.

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A crypto trader linked to the wallet address starting with 0x960B deposited $3.72 million USDC into Hyperliquid, a decentralized perpetuals exchange, and opened 15x leveraged long positions on $27.7 million worth of Bitcoin and $20.3 million worth of Ethereum today, according to data tracked by Lookonchain.

The substantial deposit and leveraged position reflects growing whale activity on Hyperliquid’s on-chain order book platform. The exchange has drawn high-frequency traders and institutional players seeking exposure to leveraged crypto positions.

Multiple anonymous whale addresses have recently moved stablecoins into Hyperliquid to initiate leveraged long positions on major crypto assets, signaling bullish sentiment among high-volume traders. The platform’s surge in whale activity has positioned it as a preferred venue for decentralized leveraged trading.

Hyperliquid operates as a Layer-1 decentralized exchange designed to handle sophisticated trading strategies. Recent integrations and ecosystem expansions have enabled seamless deposits and high-leverage positions, fostering increased participation from large-scale traders in volatile market conditions.

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A wallet tied to SpaceX moved more than 1,200 Bitcoin worth over $130 million to new addresses today, according to data from Arkham Intelligence. About $150 in BTC was transferred to Coinbase Prime.

The movement follows recent on-chain activity from the space exploration company, which transferred $153 million in Bitcoin in late July, its first transaction in three years. Earlier this week, the SpaceX-labeled wallet moved an additional $268 million in Bitcoin to new addresses.

After these transfers, the wallet retains 6,970 Bitcoin. The wallet’s balance stood at 8,285 Bitcoin as of July 2025.

Bitcoin reached $112,000 today following lower-than-expected US September inflation data, before retreating to $109,700. The digital asset currently trades at approximately $110,300.