updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Kenneth Griffin, founder and CEO of Citadel, disclosed a 4.5% beneficial ownership stake in DeFi Development Corp, a Nasdaq-listed firm that adopted the Solana
SOL
$178.5
24h volatility:
6.0%
Market cap:
$97.75 B
Vol. 24h:
$7.56 B
treasury reserve strategy in April 2025, according to a Schedule 13G filing with the SEC.
The filing revealed Griffin’s indirect ownership through Citadel Advisors LLC and affiliated entities, totaling 1,315,654 shares, with another 4.5% stake owned directly by the fund through its subsidiaries.
DeFi Development Corp’s business model focuses on acquiring and staking Solana tokens, a strategy designed to combine long-term capital appreciation with consistent staking yield. By locking in newly purchased SOL, the company not only secures a passive income stream but also contributes to network security and validator activity within the Solana blockchain ecosystem.
Solana treasury holdings as of Oct. 22, 2025 | source: Coingecko
According to CoinGecko data, DeFi Development Corp currently holds 2,195,926 SOL, representing approximately 0.402% of Solana’s circulating supply. The company acquired its Solana holdings at an estimated $236.5 million, which are now valued at approximately $395.3 million, reflecting a 67% unrealized gain.
Solana price is trading at $179 at press time, up 370% since DeFi Corp began acquiring SOL in April 2025.
Solana price hovered near $179 on Wednesday, forming a classic double-bottom reversal pattern on the 12-hour chart that signals a potential bullish rebound. The pattern, marked by two local lows at the $175 and $170 level, indicates strong support just below current price levels.
A sustained close above the neckline resistance near $190.82 could confirm a bullish reversal, while a validation of the double bottom signal will require a 45% upside move from current levels.
Solana Technical Price Analysis | Source: TradingView, Oct. 22
Other key indicators also support the optimistic Solana price forecast. The MACD histogram has narrowed, suggesting waning bearish momentum, while the RSI at 41.5 shows Solana nearing oversold territory, which could signal entry moves from traders looking to buy at a local bottom.
If Solana breaches $210 with strong volume, the double-bottom signal points to a potential rally above $250. However, failure to maintain support above $171.41 could invalidate the bullish formation, potentially sending prices back toward $160.
Citadel’s indirect investment in Solana has sparked renewed investor interest in early-stage projects like SUBBD.
SUBBD deployed advanced AI tools to bridge the gap between influencers, brands, and their global online communities.
SUBBD Presale
The ongoing SUBBD presale has surged past $1.45 million of its $1.6 million target, with tokens currently priced at $0.058. With the next pricing tier approaching in less than 24 hours, early participants can visit the official SUBBD presale website to secure up to 20% staking rewards before the next round begins.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
$200 billion Texas Teachers Retirement Fund has revealed Bitcoin exposure worth millions. The pension fund invested in Strategy (MSTR) stock to gain BTC exposure as the firm has outperformed ‘Mag 7’ stocks despite the firm missing entering the S&P 500 index. Texas Teacher Retirement Fund Gains Bitcoin Exposure via Strategy (MSTR) Stock Texas Teachers Retirement
The post $200B Texas Teachers Retirement Fund Discloses $25M Bitcoin via MSTR Stock as Strategy Outperforms ‘Mag 7’ appeared first on CoinGape.
]]>Ethereum has faced lackluster price action over the past year, significantly underperforming compared to Bitcoin and many altcoins that have surged during the ongoing market cycle. Once seen as the leader of innovation and growth in the crypto space, Ethereum’s slow movement has left many investors frustrated and questioning its short-term potential. However, signs suggest that this period of underperformance could be coming to an end.
Recent data from on-chain analytics firm Santiment has revealed a bullish development for Ethereum. According to their insights, whales—large holders of cryptocurrency—have accumulated over 1.14 million Ethereum in the last 48 hours. This surge in accumulation signals growing confidence among institutional players and high-net-worth investors, who are positioning themselves for a potential bullish breakout.
This significant whale activity often precedes large price movements, as it demonstrates strong interest from those with the resources to influence market trends. With Ethereum’s fundamentals still solid and the adoption of its blockchain ecosystem steadily growing, the recent whale activity could be the catalyst for a reversal in Ethereum’s fortunes.
Ethereum has been under significant selling pressure, facing heightened volatility over the past two weeks and extending through several months. This prolonged downtrend has tested the resolve of many investors, leading some to capitulate as Ethereum continues to underperform relative to Bitcoin and other altcoins. However, a growing number of market participants remain optimistic, convinced that ETH still holds significant potential for a major recovery this year.
Among the bullish voices is top analyst Ali Martinez, who recently shared compelling data highlighting a surge in whale activity. According to Martinez, whales have accumulated over 1.14 million Ethereum in the past 48 hours, signaling renewed confidence in ETH’s long-term prospects. Such large-scale accumulation by high-net-worth investors often indicates a belief in an impending price rebound, as whales are known to position themselves ahead of major market moves.
This whale activity aligns with the broader bullish outlook many analysts have set for Ethereum this year. With its robust ecosystem, growing adoption, and significant upgrades like the recent Ethereum Merge enhancing its efficiency, Ethereum continues to solidify its role as a leading blockchain.
The coming weeks will be critical for ETH as it navigates these volatile conditions. Whether Ethereum can capitalize on the bullish momentum created by whale accumulation remains to be seen. Still, the potential for a significant turnaround is evident, and the current market dynamics suggest that Ethereum is far from being counted out. Investors and analysts alike are keeping a close eye on ETH, anticipating whether it can overcome selling pressure and reignite its upward trajectory in the months ahead.
Ethereum (ETH) is currently trading at $3,305, holding above key demand levels despite a modest 4% drop since yesterday. The ability to maintain support around $3,300 is crucial for Ethereum to sustain its momentum and avoid further downside pressure. As the market remains uncertain, this level serves as a pivotal point for both bulls and bears.
For ETH to confirm a new bullish trend, the price must push above local highs near $3,525. Breaking this resistance would signal renewed buying interest and could set the stage for further upward momentum, potentially reversing the recent underperformance compared to other assets. A decisive move above $3,525 would strengthen the bullish narrative and attract additional investor confidence.
On the downside, losing the $3,200 support level in the coming days would likely signal weakness and could lead to a prolonged consolidation or even a deeper correction. Such a move might test lower demand zones, delaying Ethereum’s potential recovery.
As ETH navigates this critical juncture, traders are closely watching these key levels to determine the asset’s next move. Whether Ethereum holds its ground or faces additional selling pressure, the outcome will likely shape its trajectory in the near term.
Featured image from Dall-E, chart from TradingView
Bitwise, a crypto ETF issuer, has registered significant investment in its Bitcoin and Ethereum ETFs from a large Registered Investment Advisor (RIA). This follows a broader trend of increased institutional adoption of crypto ETFs. Meanwhile, the asset manager’s Bitcoin and Ethereum ETFs saw significant inflows on Friday.
Bitwise CEO Hunter Horsley revealed on X that the RIA had accumulated several million dollars worth of their Bitcoin ETF (BITB) and Ethereum ETF (ETHW). Furthermore, the RIA has also invested in the Bitwise 10 Crypto Index (BITW) ETFs across client portfolios. The latest announcement comes at a time when BTC ETFs are experiencing record-breaking inflows.
On Friday, August 23, Bitcoin ETF flows were positive for $252 million, according to Farside UK data. It brings the weekly total to $506.4 million. This surge in investment reflects the strong confidence of institutional and retail investors in the crypto market as Fed rate cuts inch closer. Notably, BlackRock, the world’s largest asset manager, reported $86.8 million in BTC ETF inflows while Fidelity attracted $64 million.
Moreover, Bitwise saw robust $42.3 million in inflows, reinforcing its position as a key player in the crypto ETF space. Other notable players included Ark Invest with $23.8 million, VanEck with $14.4 million, and the BTC ETF with $50.8 million. In contrast, Grayscale’s Bitcoin Trust (GBTC) experienced $35.6 million in outflows.
While Bitcoin ETFs have garnered substantial interest, Ether ETFs have faced a more challenging environment. On August 23, ETH ETFs saw net outflows of $5.7 million, contributing to a weekly total of $44.5 million in outflows. Grayscale’s Ethereum Trust (ETHE) led the outflows with $9.8 million.
Despite the overall negative flows, Bitwise’s ETH ETF continued to attract investment. ETHW saw a modest inflow of $1.4 million, and VanEck’s ETHV the the charge with $2 million in inflows., signaling confidence from certain segments of the market.
The substantial inflows into BTC ETFs reflect a broader trend of increasing institutional adoption. Goldman Sachs, in a recent 13F filing, disclosed that it held significant positions in several Bitcoin ETFs as of June 30. The bank reported $238.6 million in iShares Bitcoin Trust, $79.5 million in Fidelity’s FBTC, and $35.1 million in Grayscale BTC, among other holdings.
Similarly, Morgan Stanley revealed earlier this month that it held 5.5 million shares of BlackRock’s iShares Bitcoin Trust, valued at $190 million. It also invested in Ark 21Shares and Grayscale’s ETFs. This rapid growth in institutional adoption is further highlighted by Bitwise’s Chief Investment Officer, Matt Hougan.
In a recent thread on X (formerly Twitter), Hougan emphasized that Bitcoin ETFs have drawn the fastest-growing inflows of all time, with $17.5 billion pouring in since their launch. This milestone surpasses the previous record held by the Nasdaq-100 QQQs.
Hougan’s analysis challenges the narrative that Bitcoin spot ETFs are primarily driven by retail investors. He noted that institutional interest is not only present but also growing at an unprecedented rate. Moreover, he revealed that Bitcoin ETFs have attracted three times the number of institutional holders within the first two quarters compared to the QQQs during a similar timeframe.
Kritika Mehta
Kritika boasts over 2 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Banking giant Goldman Sachs submitted the 13F filing disclosing its portfolio positions during the second quarter of Q2. As per the SEC filing, the banking giant has exposure to seven different Bitcoin ETFs available in the US market.
As per the disclosure, Goldman Sachs is holding nearly 7 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth a staggering $238 million. Similarly, it holds 1.5 million shares of Fidelity ETF FBTC worth nearly $80 million. Below is the complete disclosure of Goldman Sachs’ holdings across different funds.
After the market closed today, Goldman Sachs filed a 13F disclosing the following positions as of June 30:
$238.6 million iShares Bitcoin Trust (6,991,248 shares)
$79.5 million Fidelity Bitcoin ETF (1,516,302 shares)
$35.1 million Grayscale BTC (660,183 shares)
$56.1 million…— MacroScope (@MacroScope17) August 13, 2024
These 13F filings specifically highlight how big market players are trading their BTC ETFs. Going ahead, more companies will submit their filings while disclosing their ETF investments during Q2.
The institutional exposure to spot BTC ETFs has been on the rise recently with more than 500 institutional investors allocating funds to these Bitcoin products. Within the first six months of launch, BlackRock’s IBIT has become the third-largest Bitcoin holder while clocking daily trading volumes of $4.2 million.
The inflows into the spot BTC ETFs have resumed once again this week. The total inflows have been $39 million with BlackRock’s IBIT Bitcoin ETF seeing $34.6 million in inflows, Fidelity’s FBTC clocked $22.6 million in inflows, Bitwise’s BITB saw $16.5 million inflows while Grayscale’s GBTC saw $28.6 million in outflows on Tuesday, August 13.
iShares Bitcoin ETF has taken in approx $20.5bil this yr…
Out of *all* 375 new ETF launches in 2024, next closest non-spot btc ETF = $1.3bil.
Numbers are comical at this point.
Spot btc ETFs (IBIT, FBTC, ARKB, BITB) = top 4 launches of 2024.
Global X Russell 2000 ETF = 5th.
— Nate Geraci (@NateGeraci) August 14, 2024
Similarly, the inflows have also resumed into spot Ethereum ETFs with BlackRock’s ETHA taking the lead.
The Bitcoin price has gained momentum shooting another 3% in the last 24 hours and moving past $61,000. This rally comes ahead of the scheduled US CPI inflation data release this week which seems to be part of the major short covering in the market. Also, the Wall Street indices showed strength on Tuesday with the top three indices gaining anywhere between 1-2%. It will be interesting to see whether this rally sustains moving ahead from here.
Bhushan Akolkar
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitwise Invest CEO Hunter Horsley reveals that a large bank in the U.S. is heavily investing in Bitwise spot Bitcoin ETF and other crypto ETFs. Spot Bitcoin ETFs are witnessing mainstream adoption and experts believe sovereign wealth funds, pension funds, and endowments will eventually accumulate later as they have a long due diligence timeline. Jane Street Group and Boothbay Fund Management have the largest holding in Bitwise ETF (BITB).
Hunter Horsley, CEO of Bitwise Invest, took to social media platform X to reveal that hundreds of wealth management branches of a large U.S.-based bank have invested in Bitwise ETFs. This accounts for 20% of wealth management branches of the bank, as per a report.
He adds that Bitcoin and crypto are gradually entering the mainstream as numerous TradFi buy BTC and other crypto ETFs. The company offers seven exchange-traded funds with BITB holding 40,499.93 BTC valued at $2.71 billion, as per Bitwise.
“From a report I got today – There’s a large bank in the US where 20% of all their wealth management branches (several hundred), own a Bitwise ETF,” said Horsley.
Also Read: BinanceUS Gets Major Order From Court After Partial Victory Against SEC
BITB net inflow has surpassed $2.20 billion after the recent consecutive inflow amid positive sentiment in the crypto market. Also, the spot Bitcoin ETF saw a $44.6 million inflow on Friday.
Bitwise CEO Horsley and CIO Matt Hougan are more bullish on allocations to ETFs following spot Ethereum ETF launch. Hougan predicts a massive Ethereum price rally to $5,000 considering demand similar to Bitcoin ETFs. Ether ETFs are expected to start trading early next week. There are also debates on whether the launch is a “sell the news” event.
BTC price jumped more than 5% after the options expiry, with the price currently trading at $66,616. The 24-hour low and high are $63,416 and $67,442, respectively. Furthermore, the trading volume has increased by 35% in the last 24 hours, indicating a rise in interest among traders.
Also Read: ETH Supply Surge Casts Shadow on Spot Ethereum ETF Excitement
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Wealth manager, Wells Fargo joins the growing list of firms with spot Bitcoin ETF exposure. A new filing with the Securities and Exchange Commission (SEC) shows the bank has acquired Bitcoin exposure sparking debates among crypto users.
The institutional investor follows a growing list of United States wealth managers to gain exposure to the largest cryptocurrency after the approval of spot ETFs on Jan 11. According to the SEC filing, Wells Fargo has positions in Grayscale’s Bitcoin ETF, ProShares Bitcoin Futures ETF, etc. The news comes following previous projections of renewed institutional inflow in the market.
The news of the third largest bank in the United States gaining Bitcoin exposure through ETFs is huge for the market amid concerns of dwindling inflows to ETFs. Coming out of the 2022 bear market, the anticipation for spot Bitcoin ETFs drove inflows to the assets. As a result to price of Bitcoin soared above $44,000 in December after heightened investments in Q4, 2023.
This year, the approval led to an all-time high for the asset above $72,000 with inflows surging to new highs. However, the Q1 dominance of Bitcoin ETFs has lost a slight stream with recent market liquidations and the price of the asset plunging below $62,000.
The disclosure by Wells Fargo and other firms like Susquehanna International Group on spot Bitcoin ETFs can trigger a new market direction.
Bitcoin bulls continue to tip a new high for the asset swinging out of short-term fluctuations. Positive sentiment can be sparked by Fed rate cuts and the upcoming US elections. A Fed cut will see investors move funds to risky assets which is a strength for the market.
This week, Standard Chartered restated its bullish projection for Bitcoin price. Analysts at the bank tips a possible $150,000 price for BTC. Inflows to spot Bitcoin products remain a bullish factor for every analyst and the Wells Fargo report could be a rallying point for participants.
Also Read: IMF Calls for Nigerian Regulation of Global Cryptocurrency Exchanges
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Victory Securities, a longstanding financial institution based in Hong Kong, has recently published a detailed guide on the fee structure for its new Hong Kong Bitcoin Ethereum spot ETF. This comes after Hong Kong Securities and Futures Commission (SFC) approval to allow trading of spot Bitcoin and Ethereum ETFs.
Victory Securities has just issued a guide detailing some charges associated with the ETF. In transactions in the primary market, the investor is charged 0.5% to 1% on Ethereum and Bitcoin, with a minimum charge of $850. Furthermore, the guide outlines the cash redemption fee in the primary market, which will range between 0.1% and 0.15% of the transaction value, with a set minimum fee of $500.
Exclusive: Victory Securities internally released the Hong Kong Bitcoin Ethereum spot ETF subscription guide and disclosed its charging standards. Hong Kong securities firms are selling to potential clients.
The original text of the picture is in Chinese, using Google Translate… pic.twitter.com/oCqlU6EoSm
— Wu Blockchain (@WuBlockchain) April 20, 2024
The commission applied for trades conducted by phone or email shall be 0.215% per trade, and the minimum charge shall be $8. Meanwhile, online transactions will attract a lower commission of 0.15% per transaction, with a minimum fee of $4. This transparent fee arrangement is designed to give potential investors clear and upfront information about all the costs related to investing in the ETF.
The move of Victory Securities is a massive breakthrough in the adoption of cryptocurrencies within the mainstream of traditional financial services in Hong Kong.
Through the creation of a regulated and structured investment vehicle for Bitcoin and Ethereum, the firm is enabling wider access to these digital assets by local and international investors. This could likely result in greater institutional adoption and interest in the cryptocurrency market.
As earlier reported, the Hong Kong Securities and Futures Commission had given the official green light for spot Bitcoin and Ethereum ETFs. This makes Hong Kong the first jurisdiction to offer a spot Ethereum ETF. As a result, several major financial institutions received approvals, demonstrating a rising embrace and appreciation of cryptocurrency products in the region’s financial arena.
The approvals were granted to several leading financial institutions, indicating a growing acceptance and recognition of cryptocurrency products in the region’s financial landscape.
With these ETFs, investors can now directly invest in Bitcoin and Ethereum through a regulated exchange, thus creating a more structured and safer way of investing in cryptocurrencies. Even though these developments have created a buzz, there are still limitations for mainland Chinese investors, as they are currently not permitted to participate, and the cryptocurrency ban in China is still in force.
Read Also: TikTok Ban: US House of Representatives Approves Outlaw Move
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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