The post Bleeds Despite ‘Very Solid’ ETF Debut appeared com. The long-awaited debut of spot Solana ETFs in the U. S. drew solid demand, according to analysts but you would not know it judging by the SOL SOL$161. 58 price action. The token, which notched a $205 high one day before last Tuesday’s ETF launch, has tumbled 20% to $165 in a week. It has well underperformed the already weak action of crypto majors bitcoin BTC$104,238. 10 and ether ETH$3,513. 62, which fell around 6% and 12%, respectively. All that happened despite Solana-based exchange-traded products booking their second strongest weekly net inflow last week with $421 million, according to a CoinShares report. Vetle Lunde, head of research at K33, described the ETFs’ first week as “very solid,” adding that that was all the more commendable compared to the heavy outflows of BTC and ETH counterparts. “The launch of U. S. spot Solana ETFs has been a clear success, drawing strong investor demand despite broader crypto fund outflows,” Lunde said in a note. Most of the inflow went to Bitwise’s Solana ETF (BSOL), which attracted roughly $199 million in fresh funds and launched with nearly $223 million in seed capital, according to Farside Investors data. That $421 million total made BSOL the top-performing crypto ETF of the week, surpassing even BlackRock’s iShares Bitcoin Trust (IBIT), which saw muted demand as bitcoin’s price continued to slide, CoinShares data showed. The other spot Solana ETF, Grayscale’s Solana Trust (GSOL), by contrast, only pulled in $2. 2 million. Still, it entered the market with $102 million in assets under management after converting from an existing, closed-end product. GSOL charges a 0. 35% management fee much lower than the 1. 5% fee on its flagship bitcoin or ether products, GBTC and ETHE. Even so, Bitwise undercut that with a 0. 20% fee on BSOL. “BSOL’s lower fees and first-mover advantage have fueled.
Tag: exchange-traded
Prince Andrew’s Controversial Crypto Engagement at Buckingham Palace
The post Prince Andrew’s Controversial Crypto Engagement at Buckingham Palace appeared com. Alvin Lang Nov 02, 2025 08: 37 Prince Andrew is under scrutiny for hosting crypto businessmen at Buckingham Palace linked to a failed £1. 4M deal with Sarah Ferguson, prompting concerns over royal privileges. Prince Andrew finds himself embroiled in controversy once again, following revelations that he hosted a private visit to Buckingham Palace for cryptocurrency businessmen. The visit, connected to a failed £1. 4 million deal involving his ex-wife Sarah Ferguson, has raised significant questions about his use of royal privileges for private business dealings, according to a BBC investigation. Prince Andrew Welcomed Crypto Executives Linked to £1. 4M Deal at Palace Event The businessmen, Jay Bloom and Michael Evers, co-founders of the Arizona-based Pegasus Group Holdings, were given access to the palace in June 2019. This occurred while Queen Elizabeth II was present, intensifying scrutiny over Andrew’s actions. The duo attended Andrew’s Pitch@Palace business event and later dined with Ferguson and their daughter, Princess Beatrice. Pegasus Group Holdings had promised to establish a large-scale Bitcoin mining operation powered by solar energy in Arizona. However, the project quickly unraveled, resulting in significant financial losses for investors. Court documents revealed that the company purchased only a fraction of the planned equipment, producing minimal Bitcoin. Sarah Ferguson, who served as a brand ambassador for Pegasus, reportedly received over £200, 000. Her contract promised an additional £1. 2 million bonus and shares, with luxuries such as first-class travel and five-star accommodations included, yet she bore no responsibility for the project’s technical aspects. The incident has reignited concerns regarding the financial entanglements of Prince Andrew and Ferguson, and the intersection of their royal status with private ventures. Buckingham Palace has since confirmed that steps are being taken to strip Andrew of his remaining titles and his residence at Windsor. UK Crypto.
Bitcoin Bollinger Bands Demand Record Volatility After 3.7% October Dip
The post Bitcoin Bollinger Bands Demand Record Volatility After 3. 7% October Dip appeared com. Key points: Bitcoin seals its worst October performance since 2018 as traders flip cautious on the outlook. ETF outflows return as derivatives traders hedge risk despite macro tailwinds. Bollinger Bands data suggests that BTC price volatility is due to make a sweeping comeback. Bitcoin (BTC) traded around $110,000 on Saturday as traders stayed bearish after “Uptober” failed to deliver. BTC/USD one-hour chart. This began with sell pressure a frequent phenomenon throughout the week involving both US exchanges and the spot Bitcoin exchange-traded funds (ETFs). Onchain analytics platform Glassnode said that ETF outflows highlight “rising sell pressure from TradFi investors and renewed weakness in institutional demand.” Data from UK-based investment company Farside Investors put Friday’s tally at $191 million, which followed $488 million in outflows for Thursday. US spot Bitcoin ETF netflows (screenshot). The Fed delivered the expected rate cut, but the hawkish tone for December has cooled optimism,” it told X followers. “The initial rally faded as traders moved back into cautious mode, a shift clearly reflected in BTC’s options market.” Traders likewise remained cautious, with crypto investor and entrepreneur Ted Pillows calling the current setup on Bitcoin “time-based capitulation.” “BTC time-based capitulation is happening now. But for this, Bitcoin needs to consolidate above $100,000,” he warned Friday. “A weekly close below this level will confirm the downtrend.” BTC/USDT two-day chart.