Solana News Update: Institutional ETF Investments Fuel Solana's Comeback and Broader Altcoin Adoption

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Solana News Update: Institutional ETF Investments Fuel Solana's Comeback and Broader Altcoin Adoption

Bitget-RWA2025/10/28 20:14

By:Bitget-RWA

- Solana (SOL) surged 12% to $195, driven by $24M inflows into the SSK ETF, pushing its market cap above $105B. - JPMorgan forecasts $6B in initial inflows for upcoming Solana ETFs, signaling growing institutional crypto acceptance. - Capgemini boosted 2025 growth to 2.5% after acquiring WNS, while JFrog and Honeywell reported strong Q3 results. - Tech Mahindra partnered with Crosscall to expand AI-driven enterprise mobility in North America. - The global pheromone market is projected to grow at 16.4% CAGR

Yahoo Finance article.>

On October 25, Solana (SOL) experienced a 12% price surge, climbing to $195 and boosting its market cap to over $105 billion. This rally aligns with significant investments into the REX-Osprey Staking

Solana

ETF (SSK), which saw an additional $24 million last week, raising its total assets managed to more than $400 million, as reported by a

Crypto.News article

. The ETF’s strong showing underscores increasing institutional interest in altcoins, especially during a bearish market. Analysts from

JPMorgan

anticipate that new Solana ETFs from companies such as VanEck and Grayscale could draw over $6 billion in initial investments, reflecting a wider embrace of crypto as a liquid asset, according to Crypto.News.

Elsewhere, Capgemini raised its 2025 revenue growth outlook to between 2% and 2.5% (constant currency) after posting third-quarter revenue of €5.39 billion, fueled by 7% growth in North America and rising demand for AI solutions, according to

Global Banking & Finance

. The French IT leader attributed its $3.3 billion purchase of WNS to expanding its agentic AI offerings, with CEO Aiman Ezzat highlighting "very promising contracts" in the works, as mentioned in a

MarketScreener article

JFrog (FROG) surpassed expectations in its most recent quarter, with both revenue and EBITDA beating projections and billings reflecting robust demand for its software supply chain products, according to the Yahoo Finance article. The launch of its AI Catalog addresses enterprise needs for secure AI model oversight, though the company still faces risks from possible delays in major AI-focused deals. Likewise, Honeywell (HON) gained 6.5% after announcing a $1.8 billion profit increase and a $248.54 fair value estimate, driven by a surge in aerospace orders and industrial sector growth, as detailed in a

Simply Wall St article

First Horizon (FHN) also made headlines, with third-quarter 2025 net income rising to $262 million and $33 million in share buybacks since October 2024 strengthening its bullish outlook, according to a

Simply Wall St piece

. The company’s management reaffirmed its 2025 revenue forecast of flat to 4% growth, dismissed merger and acquisition rumors, and emphasized margin improvements in its mortgage warehouse business.

Tech Mahindra has teamed up with Crosscall to promote AI-powered enterprise mobility in North America, integrating rugged devices with digital solutions for industries such as manufacturing and oil and gas, according to a

Nasdaq article

. The partnership is designed to speed up Crosscall’s entry into the U.S. market through device testing and AI/ML application development, focusing on real-time decision-making and safety, as reported by an

Economic Times article

In the agricultural sector, the global pheromone market is expected to expand at a 16.4% CAGR, reaching $9.6 billion by 2029, propelled by North America’s emphasis on sustainable crop protection, according to a

GlobeNewswire release

. Advances in sex pheromones and integrated pest management are gaining popularity as farmers move away from chemical pesticides, with government backing and growing demand for organic food driving adoption.

Despite the positive outlook, certain risks remain. JFrog is exposed to fluctuations due to delayed AI contracts, while Whirlpool’s (WHR) $300 million U.S. expansion is based on an anticipated 0.6% yearly revenue drop and depends on overcoming stagnant sales and competition, as noted in a

Simply Wall St analysis

. Similarly, the agricultural pheromone sector faces obstacles in developing countries due to limited awareness and continued reliance on traditional pesticides, according to the GlobeNewswire release.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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