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Hong Kong's First Solana Spot ETF Listed Today, with an Initial Size of 21.29 Million HKD

5 hours ago

October 27th: In Hong Kong, the first Solana spot ETF, the Huaxia Solana ETF, was officially listed on the HKEX. It became the third type of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission, following Bitcoin and Ethereum. According to SoSoValue data, on the first day of trading, the trading volume was 11.39 million Hong Kong dollars, and the total asset net value was 21.29 million Hong Kong dollars, equivalent to approximately 13,461 SOL. There was a Hong Kong dollar over-the-counter closing discount of -0.60%, indicating stronger selling pressure. From the perspective of first-day trading volume, it was about half of the trading volume of the Hong Kong Ethereum spot ETF listed on April 30, 2024 (when three products were listed simultaneously). The Huaxia Solana ETF is issued by Huaxia Fund (Hong Kong) and was approved by the Hong Kong Securities and Futures Commission on October 22nd. Its features include: supporting cash or in-kind creation and redemption; not supporting Solana for providing additional yield through staking; a management fee rate of 0.99%; and multi-currency trading: supporting Hong Kong dollars (code 3460), Renminbi (code 83460), and US dollar trading (code 9460).

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Ethereum Treasury Company ETHZilla Sells $40 Million Worth of ETH to Buy Back Stock

On October 28th, according to market information, the Ethereum Treasury Company ETHZilla sold $40 million worth of ETH in order to repurchase the company's stock.

21 minutes ago

「Buddy」 once again increased his position in HYPE and opened a long position in ETH, bringing his total position size to $14.5 million.

On October 28th, as per the monitoring of HyperInsight, "Big Brother Ma" Huang Licheng once again augmented his HYPE long position by 28,000 coins within the past half an hour. Presently, his HYPE long position, which is leveraged more than 10 times, holds 88,000 HYPE coins with a position value of $4.17 million and a current unrealized profit of $334,000. Furthermore, "Big Brother Ma" also increased his ETH long position by 250 coins. His ETH long position, with a 25-times leverage, holds 2,450 ETH coins with a position value of $10.32 million and a current unrealized profit of $890,000.

21 minutes ago

Coinbase Partners with Asset Management Giant Apollo to Launch Stablecoin-Based Credit Product in 2026

On October 28th, as per official channels, Coinbase's fully-owned investment management entity - Coinbase Asset Management (CBAM), announced today a strategic partnership with the asset management behemoth Apollo (NYSE symbol: APO). The two parties will jointly launch a stablecoin-based credit strategy scheme. This action aims to construct a bridge connecting stablecoins, private credit, and asset tokenization, with the intention of exploring high-quality credit opportunities within the rapidly expanding stablecoin ecosystem. The official statement indicated that CBAM, which is committed to providing digital asset strategies to accredited investors, will conduct in-depth cooperation with Apollo, a leader in credit underwriting, asset origination, and tokenization solutions. The two sides plan to jointly launch innovative credit investment products by 2026.

21 minutes ago

Multicoin Partner Deletes "Bitwise SOL Staking ETF Launching Soon" Tweet

On October 28th, the managing partner of Multicoin Capital, Kyle Samani, deleted a previous tweet regarding the "Bitwise SOL Staking ETF to be listed on October 28th." The reason for this deletion remains unclear at present.

21 minutes ago

Bitwise SOL Staking ETF to List on October 28

On October 28th, Kyle Samani, the managing partner of Multicoin Capital, announced on social media that the SOL spot ETF with staking services, namely the Bitwise SOL Staking ETF, will become operational on Tuesday, October 28th (Tuesday night after the U.S. stock market opens in Beijing time). BlockBeats Note: There are certain distinctions in terms of compliance and asset composition between the Bitwise SOL Staking ETF (BSOL) and the previously listed REX-Osprey SOL Spot ETF (SSK). These differences mainly arise from their filing procedures, regulatory disclosures, and operational structures. REX-Osprey SOL mainly directly stakes SOL (the majority of assets), with 40% staked indirectly through other ETPs and a small portion held in liquid staking tokens. In contrast, the Bitwise SOL Staking ETF (BSOL) will directly stake SOL from the custody wallet, accumulate rewards on a daily basis, and increase the per-unit SOL holding amount. The asset composition is 100% spot SOL.

21 minutes ago

「Buddy」 Increases HYPE Long Position by 10,000 Coins, Boosting Position Size to $2.83 Million

On October 28th, according to the monitoring of HyperInsight, "Big Brother Ma" Huang Licheng increased his position by 10,000 HYPE in a long position just 5 minutes ago. Currently, his 10x leveraged long position in HYPE amounts to 60,000 HYPE, and the position size is $2.83 million. The current unrealized profit is $313,000 (+110%), with a liquidation price of $20.49.

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