Solana News Update: Institutional Shift Toward Bitcoin Diminishes Solana ETF Progress
- Solana's price fell to $182 on Oct. 30, its steepest drop since Oct. 10, after Jump Crypto sold $205M in SOL for Bitcoin. - Despite $199M inflows into new U.S. Solana ETFs, Bitcoin ETFs saw $191.6M outflows, showing institutional capital shifting to Bitcoin. - Jump Crypto's 1.1M SOL-to-BTC conversion highlighted a "flight to safety" amid trade negotiations, while Solana's staked value dropped 29.65% in 30 days. - Grayscale's Solana Trust ETF conversion and Hong Kong's approval signaled growing institutio
On October 30, Solana’s value dropped sharply to $182, experiencing its largest single-day decline since the market crash on October 10. This plunge followed Jump Crypto, a major institutional trading firm, offloading $205 million worth of
Jump Crypto’s decision to swap 1.1 million SOL for 2,455 BTC was described as a “flight to safety” amid increased volatility ahead of U.S.-China trade talks, according to Yahoo Finance. The company, which has 73% of its staked assets in SOL, saw its total staked value fall by 29.65% over the past month, the report noted. Analysts linked the negative outlook to derivatives trading, with Solana futures volume climbing 7% to $32.61 billion and open interest rising 2.28% to $10.32 billion, as per Yahoo Finance. The long/short ratio of 0.93 suggested that short sellers were dominant during Solana’s 6% spot price drop, the report added.
The ETF-driven shift in capital wasn’t limited to institutions. Reliance Global Group increased its digital asset portfolio by purchasing SOL, adding to its existing Bitcoin,
Even with the price drop, institutional interest in Solana continued to grow. Grayscale’s planned conversion of its Solana Trust into an ETF and Hong Kong’s approval of a spot Solana ETF pointed to increasing global recognition, the Kaupr article stated. Kronos Research’s Vincent Liu noted that the popularity of Solana ETFs reflected a search for yield-focused alternatives to Bitcoin and Ethereum, according to Bitget. However, technical signals were mixed: Solana’s price failed to break through the $200 resistance, with crucial support levels at $193 and $177.33 being closely watched, as analyzed in
The market’s current dynamics—shaped by ETF inflows and institutional repositioning—highlight Solana’s dual role as both a growth asset and a speculative arena. As regulatory frameworks become clearer and staking innovations advance, the cryptocurrency sector appears set for an extended period of risk and reward adjustment.
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.
You may also like
Echoes from 2000: Burry Bets $900M Against $5 Trillion AI Valuations
- Michael Burry's $900M short bet targets Palantir and NVIDIA, challenging their AI sector valuations amid rising skepticism. - The NVIDIA-Palantir partnership integrates GPU tech with AI platforms to boost enterprise decision-making, driving recent stock optimism. - Palantir's $471B market cap and NVIDIA's $5T valuation face scrutiny over execution risks, regulatory concerns, and stretched multiples. - Institutional investors show mixed signals, with some bullish on AI growth while Burry warns of an "AI b
Bitcoin Updates: Renewed Institutional Trust and Accommodative Fed Stance Fuel Bitcoin’s Most Promising Bull Run Since 2021
- Institutional flows and dovish Fed policy drive Bitcoin’s strongest bull case since 2021, with $130K–$135K 2026 targets gaining traction. - U.S. Spot Bitcoin ETFs saw $202.4M net inflows on October 29, led by Grayscale, Fidelity, and ARK Invest, signaling institutional confidence. - Technical analysis highlights $109K as a critical support level, with $125K retests and accumulation patterns suggesting sustained bullish momentum. - Maturing ETF infrastructure and Fed easing expectations amplify Bitcoin’s
Ethereum News Update: MoonBull’s Ethereum-Secured Protections and Referral Initiative Spark 9,256% ROI Buzz
- MoonBull ($MOBU) targets 9,256% ROI via Ethereum-based presale with $0.00006584 entry price, aiming for 1000x growth by 2025. - Structured 22-stage price escalation (27.40% per stage) and 15% referral rewards drive liquidity and community-driven adoption. - Competes with Solana (SOL) and Ethereum (ETH) by combining DeFi innovation with meme coin virality through Ethereum's security framework. - High volatility risks persist despite safeguards like 60-minute claim delays and 48-hour liquidity locks, urgin
Zcash's Rise in Privacy and the Growth of Decentralized Exchanges Indicate a More Mature Crypto Market Focused on User Empowerment
- Zcash (ZEC) surged 198.92% to $420 by mid-November 2025, driven by increased demand for privacy-focused zero-knowledge proof transactions and a 4.1M token shielded supply via Orchard protocol. - Electric Coin Co. (ECC) unveiled Q4 2025 upgrades including ephemeral addresses, improved hardware wallet support, and P2SH multisig wallets to enhance Zcash's utility and privacy. - Decentralized exchanges (DEXs) processed $1.36T in October 2025, with Hyperliquid leading at $299B, reflecting growing trader prefe
Trending news
MoreCrypto prices
More
