Bitwise Solana ETF Crosses $1 Billion Mark

Mirae Asset, managing over $1 trillion, issued $3 billion tokenized funding notes on Solana. The initiative, backed by Solana Foundation and Marketnode, signals growing institutional interest in blockchain-based financial products. The move highlights potential shifts in institutional attitudes toward tokenization and its benefits.

Whale Alert reported a transfer of 661,612 SOL (approx. $66.4M) to Coinbase Institutional, indicating significant institutional activity in the Solana ecosystem. The transaction may reflect accumulation strategies and growing interest from large investors, potentially impacting SOL's market dynamics.

Anza CEO Brennan Watt discussed Alpenglow's 150ms finality on Solana, reducing transaction finality from 12.8 seconds. He highlighted the importance of speed for financial products and the challenges of shipping a consensus upgrade on a live network. Anza's roadmap includes Rotor, a new block propagation protocol, and plans to make the network geographically aware. Watt also commented on Solana's competitive position and the closing window for new Layer-1 blockchains.

Bitcoin fell below $80,000 on October 27, with cryptocurrencies weakening ahead of the Federal Reserve's decision. Bitcoin traded around $79,800, down 0.8%, while Ethereum and Solana also declined. Investors are cautious due to high interest rates and potential further rate hikes, which typically reduce demand for speculative assets like cryptocurrencies.

The SEC delayed GraniteShares' 3X leveraged crypto ETFs (Bitcoin, XRP, Ethereum, Solana) to November 30, 2026. The delay affects eight proposed products, including 3X long and short daily ETFs. The filing does not state the reason for the delay. The decision comes ahead of U.S. midterm elections and Fed rate decisions, adding market uncertainty.

Solana trading bot Bloom reported $954,000 in SOL stolen from 49 user wallets. Bloom is investigating the cause, which may involve a third-party compromise, and has pledged full reimbursement. Only SOL was taken, suggesting a targeted attack. Bloom processes $4B in volume and has 70,000 active traders.