The Product Expands Grayscale’s Market-Leading Position with the Broadest Suite of Digital Asset ETPs in the U.S.STAMFORD, Conn., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital asset-focused investment platform*, today announced that Grayscale Solana Trust ETF (Ticker: GSOL) has begun trading on NYSE Arca as an ETP, making it the first of Grayscale's staking products to uplist under the new generic listing standards approved by the U.S. Securities and Exchange Commissi ...

Core Insights - Digital asset investment products experienced inflows of $921 million last week, driven by optimistic sentiment regarding potential Federal Reserve rate cuts following softer-than-expected U.S. consumer-price-index data [1] Group 1: Inflows and Outflows - The United States accounted for the majority of inflows with $843 million in net new capital, while Germany recorded significant inflows of $502 million, one of its largest weekly totals [2] - Switzerland experienced outflows of $359 million, primarily attributed to asset-servicing transfers rather than outright selling [2] Group 2: Asset Performance - Bitcoin led the inflows with $931 million, contributing to a year-to-date net new investment of $30.2 billion since the Federal Reserve began cutting rates [3] - Ethereum products faced their first weekly outflows in five weeks, losing $169 million, despite ongoing demand for 2x leveraged ETPs [3] - Inflows into Solana ETPs decreased to $29.4 million, while XRP products attracted $84.3 million ahead of anticipated spot-ETF approvals in the United States [3] Group 3: Trading Activity - Trading volumes remained high at $39 billion for the week, surpassing the year-to-date weekly average of $28 billion for 2025 [4]

Core Insights - Grayscale has launched the Grayscale® Stacks Trust (ticker: STCK), which is the first publicly quoted investment vehicle for Stacks (STX) in the U.S., now trading on OTCQB [1][2] - The Trust allows investors to buy and sell STCK through brokerage accounts, marking a significant step in Grayscale's strategy to transition private offerings to public investment products [2][3] - The Stacks network enhances Bitcoin's capabilities by enabling smart contracts and decentralized applications, which could help manage increased demand on the Bitcoin network [3] Company Overview - Grayscale is recognized as the largest digital asset-focused investment platform, with approximately $31 billion in assets under management (AUM) as of September 30, 2025 [4] - The company aims to provide investors with access to the digital economy through a range of innovative investment products [4] Product Details - STCK has been available to accredited investors since May 2024, and its public listing represents a milestone in expanding investor access to digital assets [2][3] - The Trust is designed to provide exposure to STX, the token of the Stacks network, which integrates Bitcoin with smart contract functionality [3] Market Context - The introduction of STCK is part of a broader trend to integrate Bitcoin with advanced blockchain technologies, enhancing its scalability and functionality [3] - As new decentralized applications and token standards emerge on Bitcoin's blockchain, Grayscale believes that Stacks can address challenges related to transaction throughput and costs while maintaining security [3]

Core Insights - Stablecoins are increasingly popular in regions where traditional finance fails to meet people's needs, particularly in underbanked areas of Latin America, Africa, and Southeast Asia [1][2] - The global stablecoin market has surpassed $315 billion, with Tether (USDT) leading at $181.4 billion and USDC at $75.9 billion [3] - The total market opportunity for stablecoins is estimated at $10 trillion in the coming years, supported by the maturation of stablecoin infrastructure [5] Regional Adoption - Sub-Saharan Africa experienced a 52% year-over-year increase in on-chain crypto value received, totaling over $205 billion, making it the third-fastest growing crypto region globally [2] - Latin America accounted for 9.1% of global cryptocurrency inflows in a recent 12-month period, with stablecoin-based remittances being particularly significant [3] Economic Impact - Stablecoins are essential for economic resilience, allowing users to perform everyday transactions such as buying groceries and sending money to family [3] - The infrastructure for stablecoins is evolving, enabling faster, cheaper, and more efficient money transfers without the complexities of blockchain being apparent to users [6] Definition and Functionality - Stablecoins are designed to maintain a fixed value, typically pegged 1:1 to a fiat currency like the U.S. dollar, combining the benefits of blockchain with the stability of traditional money [7]

Core Insights - Digital asset investment products experienced significant net inflows of $3.17 billion last week, despite a price correction due to U.S.–China tariff tensions, bringing year-to-date inflows to a record $48.7 billion, surpassing last year's total [1] Group 1: Market Performance - Trading volumes for digital-asset exchange-traded products reached a new high of $53 billion weekly, double the 2025 average, with a record single-day volume of $15.3 billion on Friday [2] - Total assets under management decreased by 7% to $242 billion following the tariff-driven selloff [2] Group 2: Product-Specific Inflows - Bitcoin-focused products led the inflows with $2.67 billion last week, raising their year-to-date total to $30.2 billion, although still below the $41.7 billion recorded in 2024 [3] - Ethereum vehicles saw $338 million in inflows over the week but experienced $172 million in outflows on Friday, the largest among major digital assets [3] Group 3: Emerging Products - Anticipation for upcoming U.S. ETF launches on Solana and XRP resulted in modest support, with Solana products attracting $93.3 million and XRP drawing $61.6 million, both below mid-year peaks [4] - Investors are selectively deploying capital, favoring Bitcoin's relative stability amid macro-driven market fluctuations [4]

Core Insights - Galaxy Digital has secured a $460 million private investment from a major asset manager to support its data center business and corporate needs [1][2] - The investment involves the issuance of 9,027,778 new Class A shares and the sale of 3,750,000 shares by executives at a price of $36 per share, reflecting an 8.5% discount from the closing price [2] - The transaction is expected to close around October 17, pending approval from the Toronto Stock Exchange [2] Business Strategy - The funds will be utilized to develop the Helios data center campus, which aims to deliver 133 megawatts of critical IT load by the first half of 2026 [3] - Galaxy Digital has shifted its focus from bitcoin mining to AI and high-performance computing (HPC) due to the challenges in the mining sector [3][4] - The company has previously secured $1.4 billion in funding to expand Helios and has a lease agreement with AI cloud provider CoreWeave for all 800 megawatts of approved power capacity [4] Market Reaction - The pivot towards AI and HPC has been positively received by investors, with Galaxy shares rising 3% in post-market trading following the announcement of the new investment [5]

Core Insights - Ethereum is approaching its all-time high of $4,946.05 and could potentially exceed $5,000 if institutional demand and progress towards the Fusaka upgrade remain strong [1][4] - Sustained institutional demand, upgrade-driven scalability, and favorable macro conditions are critical for Ethereum's price trajectory towards $5,000 [2] Institutional Demand - Spot ETH ETFs have experienced significant inflows, totaling over $1.3 billion in the past week, indicating renewed confidence from institutional investors [2] - Ethereum ETFs had a strong start to the week, attracting $176.6 million during Monday's trading session, and a total of $1.48 billion last week, marking a recovery from previous losses [3] Price Movement - Ethereum's current trading price is $4,560, having gained over 10% in the past week, and is 7.6% away from its all-time high [4] - User sentiment on Myriad shows that 80% believe Ethereum will reach $5,000 before it dips to $3,500, reflecting increased optimism compared to the previous week [5] Macroeconomic Factors - Risk assets, including Ethereum, have benefited from favorable monetary policy signals from the U.S. Federal Reserve, which is set to meet at the end of the month to discuss interest rates [6] - A dovish Fed stance, pressure on fiat currencies, and positive momentum in gold could lead to increased flows into risk assets, with Ethereum likely to benefit significantly due to its foundational role in DeFi and tokenization [7]

Core Insights - PicWe has partnered with the Isfayram Hydropower Project to introduce the world's first hydropower-backed Real-World Asset (RWA) in the Web3 ecosystem [2][3] - The Isfayram-1 hydropower plant in Kyrgyzstan generates approximately 22.9 million kWh of clean electricity annually, resulting in over 1.15 million USD in annual revenue [3] - Investors can purchase digital shares through PicWe's IRO platform, yielding around 20% APY, linking digital finance with renewable energy production [4] Company Overview - PicWe is a global infrastructure platform that connects real-world assets with digital investment opportunities, aiming to build a global on-chain investment economy [10] - The platform combines real-world asset verification, decentralized liquidity, and cross-border compliance [10] Project Details - The Isfayram Hydropower Project is a multi-phase initiative designed to support Kyrgyzstan's transition to sustainable energy, with five hydropower stations planned [5] - The first two phases of the project are either completed or under construction, adhering to international GB/T standards [6] Investment Model - The Isfayram-1 asset is structured as an equity-style RWA with an estimated market cap of 10 million USD at launch [6] - Key benefits of the RWA model include stable returns tied to electricity generation, transparent on-chain performance tracking, and liquidity through decentralized secondary markets [7] Revenue Distribution - Revenue from power generation will be shared, with 80% allocated to market makers and 20% supporting the operational development of Isfayram [8] - As additional hydropower stations become operational, more tokens will be introduced, expanding the ecosystem of green energy-backed digital assets [8] Regulatory and Compliance - The project operates under Kyrgyz renewable energy law, ensuring compliance and transparency for investors [7]

Core Insights - Strategy Inc. reported a $3.9 billion unrealized gain on its digital asset holdings in Q3 2025, attributed to the rise in Bitcoin's market price [1][3] - The company's total Bitcoin holdings amounted to 640,031 BTC, with a fair value of $47.35 billion as of October 5 [1][2] - Strategy's average purchase price for Bitcoin holdings was $73,983 per BTC, with a carrying value of $73.21 billion on its balance sheet as of September 30 [2][6] Bitcoin Holdings and Valuation - No new Bitcoin purchases were made during the reporting period from September 29 to October 5 [2] - The $3.9 billion fair value appreciation is one of the largest quarterly unrealized gains for the company, alongside a $1.12 billion deferred tax expense related to its digital asset exposure [3] ATM and Preferred Stock Programs - Strategy has extensive at-the-market (ATM) equity programs, representing tens of billions in potential capital issuance [4] - As of October 5, the company had approximately $63.9 billion available for future issuance under these programs, including various preferred stocks and Class A common stock [5] Financial Position - As of the end of Q3 2025, the digital asset carrying value was reported at $73.21 billion, with a deferred tax liability of $7.43 billion [6] - The financial information was prepared internally and reviewed by KPMG LLP, reinforcing the company's position as a major institutional holder of Bitcoin [7]

Group 1: Digital Asset Investment Trends - Digital asset investment products saw record inflows of $5.95 billion last week, the highest weekly total ever recorded, driven by weak U.S. employment data and government stability concerns following the shutdown that began on October 1 [1] - Bitcoin led the inflows with $3.55 billion, Ethereum followed with $1.48 billion, and Solana achieved a record of $706.5 million in weekly inflows [1] - Total assets under management in digital assets reached an all-time high of $254 billion [1] Group 2: Regional Inflows - The United States accounted for a record $5.0 billion in weekly inflows, while Switzerland reached $563 million and Germany recorded $312 million in inflows [2] - XRP experienced significant inflows of $219.4 million, while other altcoins attracted minimal capital [2] Group 3: Bitcoin and Ethereum Spot ETFs - Bitcoin spot ETFs recorded $3.24 billion in net weekly inflows from September 29 to October 3, marking the second-highest weekly total in history [3] - All nine Ethereum spot ETFs posted positive inflows totaling $1.3 billion [3] - The influx of institutional capital coincided with Bitcoin reaching a new all-time high above $125K, following disappointing ADP payroll data [3] Group 4: Employment Data and Economic Impact - The U.S. employment data showed a loss of 32,000 private jobs in September, contrary to expectations of a 45,000 gain, marking the third decline in four months [4] - Job openings increased by only 19,000 in August, reaching 7.208 million, near the lowest level since January 2021 [4] - The job vacancy-to-unemployment ratio fell to 0.98, the weakest since April 2021 [4] Group 5: Government Shutdown Effects - The U.S. government shutdown, which began on October 1, has furloughed approximately 800,000 federal workers, nearly 40% of the federal workforce, with another 700,000 working without pay [5] - The shutdown threatens widespread disruptions and has delayed key economic data releases, including employment and inflation reports [5] Group 6: Market Predictions and Dollar Performance - Predictions indicate the government shutdown may continue until October 15 or later, with 73% of bettors selecting that date as the earliest possible resolution [6] - The political dysfunction has accelerated the "debasement trade," with the dollar on track for its worst year since 1973, down over 10% year-to-date and losing 40% of purchasing power since 2000 [6]