Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Solana News Update: 21Shares Seeks HYPE Investment as Crypto ETFs Move Past Bitcoin

Solana News Update: 21Shares Seeks HYPE Investment as Crypto ETFs Move Past Bitcoin

Bitget-RWA2025/10/30 03:09
By:Bitget-RWA

- 21Shares joins bidding for Hyperliquid's HYPE token stake amid crypto ETF expansion beyond Bitcoin and Ethereum. - Bitwise's Solana Staking ETF (BSOL) raised $217M on debut, highlighting institutional demand for 7%+ staking yields. - Growing traction in Solana ETFs signals shifting investor priorities toward high-yield blockchain assets and diversified crypto exposure. - Grayscale's upcoming Solana Trust ETF (GSOL) and SEC-approved staking models could redefine institutional access to blockchain assets.

21Shares, a leading name in the cryptocurrency ETF sector, is reportedly participating in the bidding for a share of Hyperliquid's HYPE token, based on recent institutional trading activity. This development comes as crypto-backed ETFs experience heightened interest, notably following Bitwise Asset Management's launch of the first U.S. spot

staking ETF, which has attracted substantial institutional investment, according to . The Bitwise Solana Staking ETF (BSOL) started with $217.2 million in assets under management and recorded $55.4 million in trading volume on its opening day, surpassing forecasts and reflecting increased institutional trust in Solana's (SOL) staking returns, .

The impressive debut of the Solana ETF has established it as a significant player in the growing crypto ETF sector. While

and ETFs captured much of the attention earlier this year, the Solana ETF has distinguished itself by providing access to the blockchain’s average staking yield of over 7%, as highlighted by Benzinga. Bloomberg ETF analyst Eric Balchunas pointed out that BSOL’s first-day trading volume—almost half that of the REX-Osprey Solana + Staking ETF (SSK)—demonstrates swift institutional uptake. In addition, Grayscale’s forthcoming Solana Trust ETF (GSOL), which will be listed on NYSE Arca, is anticipated to broaden the range of investment choices, according to CoinDesk.

Solana News Update: 21Shares Seeks HYPE Investment as Crypto ETFs Move Past Bitcoin image 0

Market observers are also monitoring 21Shares’ potential involvement with Hyperliquid’s HYPE token. The company’s possible move into the HYPE ETF market fits with its broader approach to diversify beyond Bitcoin and Ethereum, a direction accelerated by Solana’s staking success, according to

. Hyperliquid, a derivatives exchange, saw its token price jump 9.43% in a single day after an SEC filing for a $1 billion public offering. The filing, which outlines plans for token repurchases and ecosystem growth, has drawn parallels to the robust infrastructure found in major crypto ETFs, as reported by Digital Journal.

The wider cryptocurrency market continues to experience

, with Solana testing important support around $189 and Ethereum facing bearish sentiment as short sellers leverage over $650 million ahead of U.S.-China trade talks, according to . Despite these headwinds, the strong inflows into the Solana ETF indicate that institutional appetite for high-yield staking products is outstripping concerns over broader economic risks, as noted by Benzinga.

Matt Hougan, CIO of Bitwise, described the Solana ETF as "a major institutional success," emphasizing the blockchain’s leading role in generating on-chain revenue, as reported by Benzinga. However, the ETF’s initial 1.04% discount to its net asset value—compared to the higher premiums seen in Bitcoin and Ethereum ETFs—has sparked debate about whether the market is ready for newer crypto assets, according to

. Experts attribute this to Solana’s smaller market size and overall market turbulence, though the asset’s 19% increase in daily trading volume to $7.5 billion points to rising liquidity.

As 21Shares and other companies compete to establish themselves in the next generation of crypto ETFs, the competition to attract institutional investment in tokens like HYPE and Solana highlights a changing environment. With the U.S. Securities and Exchange Commission approving more spot ETFs and staking models gaining popularity, the industry’s evolution may reshape how investors engage with blockchain assets, according to

.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum News Today: Ethereum Faces a Pivotal Moment as Sellers Stand Firm While Bulls Anticipate a Rally to $16K by 2025

- Ethereum dropped to $3,000 in 2025 but rebounded to $3,324, supported by technical levels and institutional accumulation, including BitMine’s $300M ETH purchase. - ETF redemptions and Bitcoin’s weakness (0.86 correlation) worsened market pressure, with $1.78B in crypto liquidations and $135.7M Ethereum ETF outflows reported. - Analysts remain bullish, projecting a potential $16,000 rebound by 2025 if ETH/BTC ratio normalizes and regulatory clarity boosts stablecoin demand, despite 200-day EMA resistance

Bitget-RWA2025/11/06 16:04
Ethereum News Today: Ethereum Faces a Pivotal Moment as Sellers Stand Firm While Bulls Anticipate a Rally to $16K by 2025

Bitcoin News Update: MicroStrategy's Bold Bitcoin Strategy Hits Key Milestone as mNAV Approaches Parity

- MicroStrategy's mNAV ratio nears 1.04, signaling a potential inflection point in its Bitcoin-centric strategy as holdings reach 641,205 BTC valued at $69B. - CEO Phong Le explores Bitcoin derivatives to maintain dividends amid equity dilution risks, as Bitcoin's price dips below $108,000 for the first time since 2018. - Market volatility and U.S.-China tensions, coupled with $789M in Bitcoin ETF outflows, highlight risks for MicroStrategy's single-asset exposure and leverage. - The firm raised $19.8B in

Bitget-RWA2025/11/06 16:04

XRP News Today: XRP Faces Impending Death Cross as Bearish Pressure Outpaces Retail Interest

- XRP faces prolonged bearish pressure as technical indicators, weak retail demand, and liquidity concerns align against a rebound. - Futures open interest dropped 61% to $3.54B since October, while RSI near 41 and MACD signals reinforce downward momentum. - Ripple's monthly 1B XRP unlocks raise short-term selling risks, though institutional ODL adoption processed $1.3T in cross-border payments. - Death cross threat (50-day SMA approaching 200-day SMA) and macroeconomic uncertainties deepen bearish sentime

Bitget-RWA2025/11/06 16:04
XRP News Today: XRP Faces Impending Death Cross as Bearish Pressure Outpaces Retail Interest

DASH surges 42.76% in a week: Q3 revenue surpasses expectations, but EPS falls short; 2026 investment strategy sparks after-hours decline

- DASH surged 42.76% in 7 days despite a 16% post-earnings selloff on Nov. 5, 2025. - Q3 revenue beat estimates ($3.45B vs. $3.36B), but EPS fell below $0.68–$0.69 consensus. - 2026 spending plans and Deliveroo acquisition costs triggered profit concerns, offsetting strong 13.8% net margin. - Analysts focus on capital allocation and $5B buyback potential amid near-term volatility from reinvestment emphasis.

Bitget-RWA2025/11/06 16:02