Digital asset manager Grayscale advanced its plans to convert the Zcash Trust, launched in 2017, into an Exchange-Traded Fund as US regulatory posture begins to shift under the Trump administration. The firm submitted its ZCSH Form S-3 filing, marking a required step toward launching the first Zcash exchange-traded products. Posting on X on Tuesday, Grayscale said it has filed the ZCSH Form S-3, describing it as an important step required to launch the first ZEC ETPs. The company also emphasized its posi ...

Core Insights - XRP has experienced significant inflows of $89.3 million, contrasting with a broader trend of outflows in the cryptocurrency market, which totaled $1.94 billion last week [1][2] - The total outflows over the past four weeks have reached $4.92 billion, marking the third-largest outflow run since 2018 [1] - Bitcoin led the outflows with $1.27 billion, while Ethereum saw $589 million in outflows, representing 7.3% of its Assets Under Management (AuM) [2][3] XRP Performance - XRP's inflows of $89.3 million occurred while other cryptocurrencies faced significant withdrawals, indicating a unique market position [4] - The launch of spot XRP Exchange Traded Funds (ETFs), such as Canary Capital's XRPC, has contributed to XRP's positive performance, with the ETF recording $58 million on its first trading day [5] - XRP's current trading price is $2.05, reflecting a 0.89% increase in the last 24 hours, despite its previous underperformance [6]

Core Insights - VisionSys AI (VSA) shares have experienced a significant decline of over 77% due to a registered direct offering of shares [1] - The firm expects to raise approximately $12 million from the share sale, with no specified use for the proceeds [2] - VSA's share price has dropped to $0.24, marking an 88% decline over five days and the lowest price since January [2] Company Developments - In October, VisionSys shares fell around 40% following the announcement of plans to create a Solana treasury valued at up to $2 billion, initially targeting $500 million in SOL within six months [3] - There is uncertainty regarding the pursuit of the Solana treasury goal, as no SOL purchases have been reported [3] - The treasury was intended to be funded through a diversified model combining structured financing and equity, alongside a partnership with Marinade Finance [4] Market Position - If successful, VisionSys would become the largest publicly traded holder of Solana, surpassing Forward Industries, which manages over 6.8 million SOL valued at more than $1 billion [5] - The company's recent SEC filing indicates the resignation of Shaoyun Han, the Chairman of the board, for personal reasons [5] Industry Context - Solana has seen a decline of over 6% in the last 24 hours, currently trading at $153, and is nearly 48% off its all-time high of $293.31 [6] - Predictions suggest a low probability (10%) for Solana to reach a new all-time high before the end of the year [6]

Core Insights - The U.S. Securities and Exchange Commission (SEC) is set to approve the first Hedera and Litecoin exchange-traded funds (ETFs), with listing notices for Bitwise Solana, Canary Litecoin, and Canary HBAR scheduled to go live on October 28 [1] - This development signifies a significant milestone for the digital asset industry in 2025, reflecting increasing acceptance of blockchain networks with practical applications and institutional-grade infrastructure [2] Group 1: Impact on the Digital Asset Ecosystem - The approval of Hedera's ETF is described as a watershed moment for investors and the broader ecosystem, marking the beginning of a new chapter for the industry [3] - The introduction of an HBAR ETF offers regulated access to HBAR, which supports real-world use cases such as tokenized assets and sustainability markets, highlighting Hedera's role as critical infrastructure for global finance [4][5] Group 2: Institutional Access and Market Dynamics - The ETF approvals are part of a broader trend of regulated digital asset products entering traditional markets, indicating a turning point for institutional access to cryptocurrency [6] - The approval of staked Solana ETFs is seen as a significant advancement for institutional access to crypto, with foundational work already laid to meet institutional demand for yield-bearing digital assets [7]