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The recent reopening of the government may signal the beginning of an unprecedented surge in cryptocurrency exchange-traded funds (ETFs) in the United States, as noted by Bitwise’s Chief Investment Officer, Matt Hougan. 

This anticipated growth aligns with the emergence of pro-crypto regulations from the Trump administration and crypto-friendly regulators, led by the US Securities and Exchange Commission (SEC), the agency responsible for approving these funds. 

Crypto ETFs In Flux

Bitwise’s Matt Hougan is optimistic about the potential for new investment products in the sector. “We’re going to witness an ETF Palooza in Cryptoland,” he remarked during an appearance on CNBC’s “ETF Edge.”

He predicts that more than 100 new ETFs and exchange-traded products (ETPs) will launch in the coming year, emphasizing a focus on single-asset crypto ETPs. Most exciting for him, however, is the expected growth of index-based crypto ETPs.

Despite the challenges seen over the past month, with the overall crypto market decline led by Bitcoin’s crash below $90,000 on Wednesday, Hougan believes that index ETPs could emerge as one of the biggest stories in the crypto space next year.

“This industry will be 10 times bigger than it is today,” asserted Hougan, whose firm recently launched the Solana Staking ETF on October 28, designed to track Solana’s (SOL) price. 

Although Bitwise’s Solana fund has seen a 27% decline since its launch, it experienced a 9% increase on Tuesday, suggesting some resilience amid the broader market turmoil. 

The broader Solana ETF sector has seen a continuous 16-day inflow streak amounting to nearly $26 million. Meanwhile, Bitcoin ETFs have seen almost $2 billion in outflows since October, according to SoSoValue data. 

Tom Lee Believes Trump’s Support Will Spark New Opportunities

Bitwise’s passive fund stakes nearly all of its SOL tokens on-chain, contributing to transaction validation and network security while earning ongoing rewards that are reinvested back into the portfolio.

According to Hougan, these types of products target a new demographic of crypto investors—individuals looking to acquire smaller portions of digital assets for their portfolios. 

“They don’t necessarily have an opinion on Ethereum versus Solana or Bitcoin versus another asset; they just want to buy a broad swath of the crypto market and hold it for the long term,” he explained.

Echoing this sentiment, Tom Lee from Fundstrat Global Advisors also foresees a favorable shift in the market. A long-time proponent of Bitcoin, Lee cites increased openness from the Trump administration as a catalyst. 

“Experimentation and innovation are being encouraged by this administration,” he noted during the same interview with CNBC.

At the time of writing, Bitcoin is trading at $88,926, down nearly 30% from its all-time high. Solana has also retraced to the $131 mark, representing a 55% gap from current trading levels and record highs. 

Featured image from DALL-E, chart from TradingView.com 

Владельцы криптовалюты в России все чаще сталкиваются с гибридными атаками, когда взломы кошельков сопровождаются похищениями и угрозами физической расправы, сообщили опрошенные изданием «Деловой Петербург» эксперты.

An Asian Ethereum DAT project that was on the way has been cancelled after the bearish price trajectory, as reported by Wu Blockchain.

Ethereum DAT Project By Leading Asian Whales Has Been Canned

Last month, Bloomberg reported that some influential investors in Asia were gearing up to launch an Ethereum trust. The group involved the likes of Li Lin, founder of Huobi cryptocurrency exchange, Shen Bo, co-founder of Fenbushi Capital, and Xiao Feng, chairman and CEO of HashKey Group.

At the time, the investors were in talks to acquire a NASDAQ-listed entity to facilitate the digital-asset treasury (DAT) structure, with the project already boasting a backing of $1 billion.

According to a report from Wu Blockchain, however, that project has now been cancelled. “The US$1 billion Ethereum DAT proposed by leading Asian crypto investors has been shelved, and the committed capital has been returned,” wrote Wu Blockchain.

Of the $1 billion backing, $200 million came from investment firm Avenir Capital alone, of which Huobi’s Li is a chairman. Another $500 million was provided by Asian institutional investors like HongShan Capital Group.

Popularized by Michael Saylor’s Strategy (formerly MicroStrategy), a DAT company is a public entity that makes a digital-asset reserve its main business. Earlier, firms mostly focused on using Bitcoin in this type of strategy, but 2025 has seen a push into altcoins like Ethereum and Solana.

BitMine, which is currently the largest ETH DAT and second-largest overall after Strategy, adopted its ETH reserve strategy in June of this year. According to a Monday press release, the company holds 3,559,879 tokens, bought for a total of $11.1 billion.

Unlike BitMine, the Asia-led DAT project appears to have been halted before it could launch. “Sources said the plan was halted mainly due to the market downturn following the sharp October 11 sell-off,” revealed Wu Blockchain.

Ethereum has been in freefall alongside the wider cryptocurrency sector since this crash, with its price being down over 38% compared to its October high. As a result, BitMine’s holdings have gone underwater. At the current exchange rate, its holdings are valued at $10.3 billion, roughly 7% below cost basis.

The ETH network as a whole has its average cost basis (“Realized Price“) located at $2,316, as CryptoQuant community analyst Maartunn has pointed out in an X post.

Given this, the average investor is still in a profit of about 24%. Earlier, when Ethereum was trading around its high, profitability reached an extreme level. So compared to that, there has been a bit of a cooldown. “Momentum is cooling off as the market takes a breather,” noted Maartunn.

ETH Price

Ethereum has suffered another 5% drop in the past day that has sent its price to $2,880.

Создатель Эфириума Виталик Бутерин выступил на конференции Devconnect в Буэнос-Айресе и предупредил, что квантовые компьютеры могут взломать криптографическую защиту Биткоина и других блокчейнов уже к 2028 году.

Ситуация на рынке вызывает опасения, а инвесторы и трейдеры биткоина «ловят падающие ножи», пытаясь предугадать дальнейшее движение котировок актива, заявили аналитики компании K33 Research.

В криптоиндустрии наблюдается высокий интерес к ETF, а наибольшую популярность получила спотовая разновидность биржевых фондов. Однако есть и другие ETF, которые не уступают последним, а в каких-то вопросах даже их превосходят. Одни из них — индексные биржевые фонды.

The recent crypto crackdown from the Democratic party, spearheaded by crypto-skeptic Senator Elizabeth Warren, may cast a shadow over the future of the decentralized exchange (DEX) Hyperliquid (HYPE). 

This heightened scrutiny stems from concerns surrounding the crypto ventures associated with President Donald Trump’s family, specifically focusing on World Liberty Financial (WLFI).

National Security Concerns Over WLFI’s Sales

In a letter dated Tuesday, US Senators Warren and Jack Reed, who serve on the Senate Committee on Banking, Housing, and Urban Affairs, expressed apprehensions that WLFI might pose national security risks. 

The letter, which was exclusively obtained by CNBC and addressed to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, outlined the senators’ belief that World Liberty Financial lacks sufficient safeguards to prevent malicious actors from manipulating funds or exerting influence over its governance.

The senators referenced a report by the nonprofit watchdog Accountable.US, which indicated that WLFI had sold its WLFI tokens to “various highly suspicious entities.” 

On-chain sleuth ZachXBT brought attention to the fact that WLFI raised an impressive $550 million during its token sale, but the senators accused it of having raised around $10,000 from illicit sources. 

ZachXBT noted that this figure represents merely 0.0018% of the total World Liberty Financial token sale, highlighting the disproportionate nature of the allegations.

The investigator expressed concern over the potential misuse of “weak illicit funds” arguments by US regulators against the crypto industry. He suggested that if the actions against WLFI prove successful, Hyperliquid could become a target next. 

While ZachXBT did not provide specific reasons for why Hyperliquid might be affected, speculation surrounds WLFI’s native token trading on the Hyperliquid platform. 

Moreover, Hyperliquid recently incurred a loss of $4.9 million due to the external manipulation of the POPCAT token, where attackers artificially inflated the token’s price using $3 million in Circle’s USDC stablecoin, which could also catch the Senator’s attention if any action against the exchange materializes. 

Hyperliquid Unveils ‘Growth Mode

Despite the challenges, Hyperliquid introduced a new feature under its HIP-3 upgrade framework, aimed at significantly reducing trading fees for newly launched markets. 

Dubbed “growth mode,” this upgrade reduces all-in taker fees by more than 90%, a move designed to accelerate liquidity formation and incentivize market makers engaging in nascent perpetual contracts.

Since its launch, Hyperliquid’s native token, HYPE, has experienced notable growth, skyrocketing by 1,000%. This surge has elevated Hyperliquid to rank as the 18th largest cryptocurrency in the world, boasting a market capitalization of $10 billion.

However, when writing, HYPE trades at $37.31, recording losses of over 9% in the past fourteen days. After reaching a record high of $59.30 earlier this year, the token has retraced by almost 37%, in line with the broader crypto market’s correction. 

Featured image from DALL-E, chart from TradingView.com