Wednesday Top Crypto News
In one short thread…
Yesterday, Bitcoin spot ETFs recorded a total net inflow of $202 million, marking four third consecutive day of inflows.
Ethereum spot ETFs saw a total net inflow of $246 million, with Fidelity's FETH leading at a net inflow of $99.271 million.
Australian Securities and Investments Commission published a revised version of Info Sheet 225, expanding how existing financial-services laws apply to crypto businesses as the government prepares sweeping new legislation…
The regulator reiterated that many digital assets, including yield-bearing tokens, staking programs, and asset-referenced stablecoins, will likely require an Australian Financial Services license under current law.
Visa CEO Ryan McInerney said during the Q4 earnings call that the company plans to add support for four stablecoins.
In the same quarter, Visa’s stablecoin-linked card spending increased fourfold year-over-year…
Since 2020, Visa has processed over $140 billion in crypto and stablecoin transactions, with more than $100 billion coming from users purchasing digital assets using Visa cards.
Yesterday, the first U.S. Solana spot ETF — the Bitwise Solana Staking ETF (ticker: BSOL) — was listed, recording $69.45 million in net inflows on its first day, bringing its net asset value to $289 million.
Following its debut, the fund’s total net assets reached $289 million, with its SOL net asset ratio (share of Solana’s total market capitalisation) at 0.27%….
The Canary HBAR ETF and Canary Litecoin ETF, which were listed on the same day, recorded no net inflows or outflows on their first trading day.
Evernorth Holdings, an XRP treasury firm backed by Ripple, has accumulated approximately 389 million XRP, valued at around $1 billion at current prices, making it one of the largest holders of the token.
As of October 27, the company had invested approximately $947 million in XRP, realising an unrealised paper profit of over $50 million.
Crypto majors trade at the following levels
BTC 113,270 (down 0.8% in 24 hours)
ETH 4,025 (down 2.2%)
XRP 2.631 (down 0.7%)
SOL 195.50 (down 2.7%)
Have a great day!
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