VanEck filed its sixth S-1/a amendment with the SEC for a proposed Solana spot ETF on October 28, 2025. The filing includes a 0.30% fee waiver on the first $1 billion in assets for the initial three months, according to the company. Multiple firms are advancing Solana ETF proposals amid growing market anticipation.

Four spot altcoin ETFs launched on Oct 28, marking the first non-Bitcoin, non-Ethereum crypto ETFs in the U.S. The products include Bitwise and Grayscale Solana staking ETFs. Canary Capital's HBAR and LTC ETFs also began trading on Nasdaq. According to Canary CEO Steven McClurg, Litecoin and Hedera are the next token ETFs to go effective after Ethereum.

Ripple CTO David Schwartz revealed the company can sell rights to XRP held in escrow or transfer destination accounts, though tokens remain locked until release dates. Over 35 billion XRP are currently held across thousands of escrow contracts. This clarification affects how XRP's supply dynamics and market valuation are interpreted. The distinction influences comparisons with assets like Bitcoin, where all mined coins factor into market cap.

ETHZilla Corporation sold $40 million worth of Ethereum to fund a share repurchase program, aiming to reduce dilution and boost its market-to-net-asset-value (mNAV). The move has raised concerns about potential downward pressure on ETH if other digital asset treasury firms follow suit.

Canary Capital's spot ETFs for Hedera and Litecoin have been approved to begin trading on Nasdaq, according to the company's CEO. The development has sparked renewed investor interest, driving up prices for both HBAR and LTC as institutional adoption gains momentum.

A whale transferred 490,188 LINK worth $9 million from Binance to a newly created wallet, increasing its holdings to 771,095 LINK ($14 million), according to Onchain Lens. The withdrawal aligns with a broader trend of large holders moving tokens off exchanges, reducing immediate sell-side pressure. Open interest in LINK futures rose 7.7% to $694.85 million, while price action shows a tightening bullish pennant near $19.91 resistance. Technical indicators suggest potential for upward momentum if buying strength persists.

Canary Capital submitted 8-A filings for Litecoin and HBAR ETFs on October 27, 2025, during the U.S. government shutdown limiting SEC operations. Each fund will charge a 0.95% management fee, according to an S-1 filing. The rate exceeds most spot Bitcoin ETFs. Bloomberg senior ETF analyst Eric Balchunas noted the move signals preparation for a potential launch this week.

Bitwise Asset Management has launched the Bitwise Solana Staking ETF (BSOL), the first U.S. spot Solana ETF, on the New York Stock Exchange. The fund provides direct exposure to Solana (SOL) and includes on-chain staking to generate yield. BSOL's launch follows a regulatory pathway enabled by recent SEC guidance during a government shutdown.