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Solana Drops 4.9% Breaking Below Key Support as Alameda Unlocks Continue
Yahoo Finance· 2025-11-12 17:37
Core Insights - Solana (SOL) is experiencing renewed selling pressure, declining from $160.72 to $152.81, a drop of 4.9%, despite ongoing institutional support through exchange-traded fund (ETF) products [1] - The selling intensified due to a scheduled token unlock from Alameda Research and the FTX estate, releasing approximately 193,000 SOL tokens valued at $30 million [2] - Institutional demand remains strong, with Solana spot ETFs recording inflows of $336 million over the past week, marking the tenth consecutive day of inflows [3] Supply and Demand Dynamics - Alameda's systematic token releases create predictable selling pressure, while institutional flows provide underlying support, placing SOL in a challenging position [4] - The bankruptcy estate holds around 5 million tokens in locked or staked positions, with smaller monthly unlocks continuing through 2028 [4] Technical Analysis - A 60-minute analysis indicates bearish momentum as SOL breaks critical support at $156, with a significant volume spike during the breakdown [5] - This technical failure confirms earlier support breaches and establishes a descending channel targeting the $152.50-$152.80 demand zone [6] - Key technical levels indicate a consolidation phase for SOL, with primary support at the $152.80 demand zone and immediate resistance at $156 [7]
The Best Spot Bitcoin ETF to Invest $500 In Right Now
The Motley Fool· 2025-11-12 10:27
Core Insights - The VanEck Bitcoin Trust is experiencing positive investor inflows, contrasting with the majority of Bitcoin ETFs that are seeing withdrawals [2][3] - The fund has increased its assets under management (AUM) by 37% in 2025, nearly matching the sector leader iShares Bitcoin Trust's 49% increase [3] - The VanEck fund is noted for its low expense ratio and effective management, making it a strong choice for Bitcoin ETF investments [9][10] Group 1: Fund Performance - Out of 11 Bitcoin ETFs approved on January 11, 2024, nine have at least $600 million in AUM, with the VanEck Bitcoin Trust being a standout with positive inflows [1][2] - The VanEck Bitcoin Trust has a current AUM of $1.9 billion and a daily trading volume of 1.4 million shares, indicating strong market liquidity [6] - The fund's price as of November 10, 2025, is $29.06, with a 52-week range of $21.41 to $35.76 [4] Group 2: Investor Trust Factors - VanEck's long experience in crypto fund management and its unique MarketVector Bitcoin Benchmark Rate contribute to investor confidence [8] - The fund utilizes two custodian services, Gemini and Coinbase, enhancing its credibility in the market [8] - The VanEck fund offers a competitive expense ratio of 0.20% and a no-fee grace period until January 10, 2026, which is appealing to investors [8] Group 3: Market Context - The overall Bitcoin ETF market is experiencing outflows, with eight of the 11 classic Bitcoin ETFs seeing asset withdrawals [2] - The VanEck Bitcoin Trust is the only fund among its peers to show a net inflow of 0.2% over the last month [2] - The fund's management has demonstrated responsiveness to market conditions, such as executing a 4-for-1 share split to maintain affordability [8]
X @The Block
The Block· 2025-11-12 02:26
DTCC lists Bitwise's spot Chainlink ETF under ticker CLNK https://t.co/QYMxMaBmw7 ...
Canary XRP ETF Likely to Start Trading This Week After SEC Filing
Yahoo Finance· 2025-11-12 01:37
Group 1 - Canary Capital has submitted a regulatory filing for an XRP-focused exchange-traded fund (ETF) that could list on the Nasdaq exchange, providing investors with a second option to purchase shares in an XRP ETF [1][2] - The filing indicates a potential launch of the fund this week, with expectations of significant investor interest in XRP and altcoin-focused ETFs [2][3] - The Rex-Osprey XRP ETF, which launched in September, generated $38 million on its first day and currently manages over $138 million in assets, demonstrating strong demand for XRP-related investment products [2][4] Group 2 - The success of Bitcoin and Ethereum ETFs, which manage approximately $139 billion and nearly $21 billion in assets respectively, has bolstered demand for other crypto-focused funds, including those based on single cryptocurrencies [5] - The SEC is currently reviewing over 90 applications for various cryptocurrency funds, indicating a growing interest in crypto investment vehicles [5] - XRP's current price is $2.40, reflecting a 6% drop over 24 hours and being over 30% below its all-time high of $3.65 reached in July [6]
X @Cointelegraph
Cointelegraph· 2025-11-12 00:30
🚨 NOW: Bitwise Chainlink ETF is now listed on the DTCC platform. https://t.co/I49cQQfQga ...
X @Wu Blockchain
Wu Blockchain· 2025-11-11 22:59
The Bitwise Chainlink ETF (ticker: CLNK) has been added to the DTCC eligibility list. Such listing is part of the standard clearing and settlement preparation process and does not indicate that the ETF has received regulatory approval or completed any other required approvals. https://t.co/BYODrjw4MC ...
X @Wu Blockchain
Wu Blockchain· 2025-11-11 06:09
According to SoSoValue, U.S. bitcoin spot ETFs recorded total net inflows of $1.1529 million on Nov. 10 (ET), with Bitwise's BITB the only product posting inflows, also topping the day at $1.1529 million. Ethereum spot ETFs saw zero inflows. Solana spot ETFs registered $6.78 million in net inflows, marking the 10th consecutive day of inflows. https://t.co/LRUeJvGjtU ...
X @mert | helius.dev
mert | helius.dev· 2025-11-10 22:37
Solana looking good hereCoinMarketCap (@CoinMarketCap):LATEST: 📈 Bitwise's Solana ETF attracted over $126M in its first full week of trading, maintaining eight consecutive days of inflows as Bitcoin and Ethereum funds shed a combined $2.6B. https://t.co/joj7RlFhlH ...
X @CoinMarketCap
CoinMarketCap· 2025-11-10 19:15
LATEST: ⚡️ XRP rallied 12% to $2.56 as 11 ETFs from 21Shares, Bitwise, ProShares and others appeared on the DTCC website, with analysts predicting the first spot XRP ETF could launch this week. https://t.co/YI1Vi280Tr ...
3 Altcoins Facing Major Liquidation Risk in the Second Week of November
Yahoo Finance· 2025-11-10 14:00
Core Insights - The altcoin market is showing signs of potential recovery, with specific altcoins outperforming others in early November, but they also face risks of significant liquidations for short-term traders [1] Group 1: XRP - Short-term trader sentiment for XRP is optimistic due to the upcoming launch of the Spot XRP ETF by Canary Capital on November 13, along with multiple XRP ETFs potentially receiving approval [2] - A significant concentration of potential long liquidations is indicated, as many traders expect an XRP price rally, but a decline in new XRP addresses suggests waning interest from new investors [3] - If XRP falls to $2.10, over $340 million in long positions could be liquidated, while a rise to $2.75 could lead to around $69 million in short liquidations [4] Group 2: Zcash (ZEC) - Zcash has shown a strong rally, reaching $750 before correcting to around $658, with traders expecting a climb toward $1,000 [5] - The liquidation map indicates that short-term traders are heavily invested in long positions, which could lead to significant losses if ZEC corrects [6] - If ZEC drops to $540, over $72 million in long positions could be liquidated, while a surge to $760 could wipe out approximately $44 million in short positions [6] Group 3: Starknet (STRK) - Starknet has experienced a surprising 30% daily surge, recovering from previous losses, with analysts suggesting it may be breaking out of a long-term resistance line, potentially initiating a new bull run [8]