Hello SnapShotters,
This week, as the ongoing government shutdown casts a shadow over much of Washington, the cryptocurrency landscape is bustling with activity. A wave of altcoin ETFs has overflowed into the market, signaling that institutional interest in digital assets is still alive and thriving. Notably, Bitwise has rolled out the first U.S. Solana Staking ETF (named BSOL) on the New York Stock Exchange (NYSE). This comes on the heels of the ChinaAMC Solana ETF’s approval in Hong Kong, showcasing a growing global acceptance of Solana as a formidable player in the crypto arena.
Additionally, Canary Capital has launched ETFs for Litecoin and Hedera on Nasdaq, while Grayscale is gearing up to introduce its Solana Trust ETF. This flurry of activity indicates that institutions are increasingly recognizing the potential of altcoins, despite the prevailing uncertainties in the market.
Turning to Bitcoin, spot BTC ETFs experienced a surge with net inflows totaling $446 million last week. This marks a significant turnaround from the staggering $1.2 billion outflow reported the week before. Meanwhile, Ethereum ETFs saw outflows of $244 million, a slight improvement from previous figures. These dynamics suggest that while Bitcoin continues to attract institutional investors, Ethereum’s momentum may need some bolstering.
The week began promisingly, with Bitcoin climbing to a high of $115,000 and Ethereum reaching $4,200. However, as the Federal Reserve cut interest rates by 25 basis points, the market saw a retracement instead of the anticipated rally. Jerome Powell, the chair of the Fed, tempered expectations by stating that further easing in December was “not guaranteed,” leading to a market selloff. Yet, beneath the tumultuous price fluctuations, the strong inflows into ETFs and new product launches suggest a longer-term bullish sentiment among institutions poised to capitalize on potential market recovery.
For those keen to keep pace with the rapid developments in the crypto world, a new tool has emerged: Crypto Market Data by Crypto.com MCP. This resource allows users to pull real-time crypto prices and analytics directly via ChatGPT or Claude once set up, making it easier to stay on top of price movements and market data.
In another notable development, Crypto.com has partnered with Truth Social to launch the world’s first prediction market within a social platform. This innovative feature, called Truth Predict, will enable users to trade contracts related to various events such as elections and market trends, all seamlessly integrated within the Truth Social app.
Market Spotlight
Note: Market prices captured in USD at the time of sending. Explore more on Crypto.com/Price
For more updates, subscribe to our weekly Market and DeFi updates from the Crypto.com Research Team.
News Snaps
💬 Truth Social Partners with Crypto.com for Prediction Markets
Trump Media’s Truth Social is set to become the first social media platform to integrate prediction markets. This is made possible through cooperation with Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange. The feature, known as Truth Predict, will allow users to trade contracts connected to events like elections, inflation, and sports outcomes within the Truth Social app. Users can even convert Truth gems into Cronos (CRO) to engage in these prediction markets.
🏛️ Crypto.com Applies for National Trust Bank Charter
In a significant move, Crypto.com has filed an application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). Securing this charter would bolster its custody and staking services, making them even more robust for institutional clients and digital asset treasuries.
🧩 Ethereum’s Fusaka Upgrade Passes Final Test
Ethereum has successfully completed its final Hoodi testnet run, paving the way for a mainnet launch expected on December 3. This upgrade introduces PeerDAS, a critical enhancement aimed at improving scalability and reducing costs for developers and Layer-2 networks. Fusaka builds on the April Pectra upgrade and sets the foundation for Ethereum’s next hard fork, Glamsterdam.
🟣 First U.S. Solana ETF by Bitwise
Bitwise launched the Bitwise Solana Staking ETF (BSOL) on the NYSE this past week, marking the debut of the first U.S. spot SOL ETP that stakes its holdings, aiming for 100% participation while trading on a regulated platform.
📈 Litecoin and HBAR ETFs to Debut on Nasdaq
Canary Capital has successfully launched the very first U.S. ETFs for Litecoin (LTC) and Hedera (HBAR) on Nasdaq, marking another milestone in the world of altcoin investment products. This launch comes in light of recent SEC guidance aimed at clarifying ETF registrations amid the government shutdown.
What’s Ahead
🧭 Early November: “Magnificent 7” Earnings Kick Off
The “Magnificent 7” tech giants — including Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla — are set to enter earnings season in early November. These companies represent a significant portion of index momentum, and analysts are predicting lower growth compared to previous years. The outcomes of their earnings reports will be telling; they could signal whether tech continues to fuel risk assets or becomes a potential stumbling block.
Number of the Week
Source: Bitwise
Chart of the Week
BTC Options Open Interest Clinches Record Highs
This week saw Bitcoin options open interest surge to an all-time high exceeding $65 billion, coinciding with BTC rising past $120,000. This trend reflects an increase in derivatives activity alongside spot prices, a clear sign of escalating institutional participation and hedging demand.
Notably, the current cycle showcases steadier and more sustained growth in open interest compared to past price peaks, such as those in April and November of 2021. The narrowing gap between open interest and BTC price since mid-2024 suggests a maturing market structure characterized by deeper liquidity and a balanced leverage environment.
As of October 26, 2025
Sources: CoinGlass, Crypto.com Research
Crypto Trivia
What was the first tweet to ever mention “Bitcoin”?
A) “Just setting up my twttr”
B) “Running Bitcoin”
C) “Buy Gold. Buy Bitcoin.”
Find the correct answer at the end of this newsletter. 👇
NFT Spotlight
With Halloween around the corner, we’re providing exclusive ‘Halloween Specials’ NFT drops! Immerse yourself in the eerie spirit of the season with three thrilling collections by celebrated artists:
👻 ‘Traffic’ by Caitlyn Grabenstein, highlights creatures that flit through the night.
🎃 ‘PumpKing’ by Sergi Tugas, which brings a whimsical yet spooky aesthetic with its puppet crowned in pumpkin grandeur.
🧟 ‘Fright Night Flight’ by Crazzzy Monsters, featuring creatures adorned with jack-o’-lantern masks that bring a touch of chaos and fun.
Don’t miss out on Crypto.com’s first-ever collaborative Halloween series with limited-edition collectibles available now!
Product Updates
January Futures 2026 Are Now Live
BTCUSD and ETHUSD January 2026 Futures trade is now operational on the Crypto.com Exchange. This provides traders with control over leverage, instant USDC settlement, and lower trading fees.
Introducing EGLD Flash Rewards
Earn 10% p.a. on your EGLD allocations for 14 days with the Flash Rewards program, capped at 24,500 EGLD, available in select territories until November 6, 2025.
Earn a CRO Bonus with Stake Basket
Stake multiple tokens in one action through the Crypto.com App with Stake Basket and earn up to 11% rewards, along with a limited 10% CRO bonus for staking for a month or more. Learn more on our blog and try it out today.
Join Round 6 of the Road to Budapest Trading Competition
Round 6 of the Road to Budapest Trading Tournament is now live! Engage in at least $500 of eligible trade pairs on the Crypto.com Exchange for a chance to win up to 1,000 USDC and exciting UEFA Champions League tickets. This event runs until November 7, 2025.
New Tokens
Meteora (MET)
Meteora is a decentralized liquidity protocol and DEX situated on the Solana blockchain, designed to address liquidity fragmentation in DeFi through dynamic market makers and bonding curves for trading, yield generation, and new token launches.
This is informational content only and should not be considered as an investment recommendation. Note that some Crypto.com products may not be available in certain jurisdictions.
Crypto Learn
What Is Solana (SOL)?
With the approval of Asia’s first Solana ETF in Hong Kong, it’s a perfect time to delve into what Solana (SOL) is all about.
Solana is a high-performance blockchain engineered to handle thousands of transactions per second with minimal fees, making it a leading contender for decentralized applications (dapps), NFTs, and DeFi projects.
How It Works:
- Proof of History (PoH): A unique timestamping mechanism that effectively orders transactions.
- Lightning-Fast Throughput: Capable of processing up to 65,000 transactions per second with negligible costs.
- Ecosystem Growth: Supports a variety of popular dapps, NFT marketplaces, and DeFi platforms.
- Powered by SOL: The native token, utilized for transaction fees, staking, and governance.
The blend of speed, affordability, and substantial developer engagement has positioned Solana as a vibrant player in the crypto ecosystem, drawing increased institutional attention alongside the recent ETF launches.
To explore further, check out this University article.
CryptoIRL
@LoadedLion6418 is proudly displaying the Icy Card and ready to take on the world!
Hashtag #CryptoIRL with your Crypto.com Card on your social profiles for a chance to be featured! Your moment in the spotlight within the #CROFam awaits!
Security Tips
Fraudsters Pose as Advisers in US$480,000 Canadian Crypto Scam
A harrowing story unfolded in Canada, where a woman lost her life savings in a crypto investment scam orchestrated by fraudsters posing as financial advisors. She transferred CA$671,000 (US$480,000) in digital assets through NDAX to an external wallet for an online investment scheme, despite extensive warnings from compliance officers who attempted to alert her to the risk.
How to Keep Funds Safe:
- Take any exchange or bank security warnings earnestly, as they often signal early red flags.
- Verify that investment platforms are properly licensed and regulated.
- Exercise caution with anyone promising guaranteed or exceptionally high returns.
Crypto Trivia Answer
B) “Running Bitcoin” ✅
This tweet was posted by Hal Finney in 2009, just a few days after receiving the first BTC transaction from Satoshi Nakamoto.
That’s it for this week’s SnapShot. Want more? Discover what’s trending in the crypto world.
