{"id":55521,"date":"2025-10-29T14:19:08","date_gmt":"2025-10-29T14:19:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=55521"},"modified":"2025-10-29T14:19:08","modified_gmt":"2025-10-29T14:19:08","slug":"altcoin-etfs-slam-69m-in-trading-volume-as-fomc-set-to-pump-btc-usd-price","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=55521","title":{"rendered":"Altcoin ETFs Slam $69M In Trading Volume As FOMC Set To Pump BTC USD Price"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Do crypto prices have to 100X before mainstream investors take note? Well, it looks like so. After the listing of Bitcoin futures after the 2017 frenzy, everything has since changed for crypto. The BTC USD price is above $110,000, and there are far more altcoins to choose from in the top 50.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">True, promising altcoins of the yesteryears, such as Dash and Iota, have faded. In their place, however, are powerhouses. Solana, Hedera crypto, and some of the top meme coins, such as Memecore, dominate. Some have <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">1000X-ed from their launch prices<\/span><\/a><span data-preserver-spaces=\"true\">, and as they evolve and play a key role in the global economy, the big boys of Wall Street want a share.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Presently, spot Bitcoin and Ethereum ETF issuers manage over $180Bn, and are some of the most closely watched regulated ETFs. Now, with the launch of multiple spot altcoin ETFs yesterday, the scene is about to change.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-302567 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T132006.588.png\" alt=\"A crypto ETF tracking Litecoin, Hedera, and Solana went live yesterday. Will Jerome Powell pump the BTC USD price above $120,000?\" width=\"1816\" height=\"765\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T132006.588.png 1816w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T132006.588-300x126.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T132006.588-1024x431.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T132006.588-768x324.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T132006.588-1536x647.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-29T132006.588-50x21.png 50w\" sizes=\"auto, (max-width: 1816px) 100vw, 1816px\"><\/p>\n<p><span data-preserver-spaces=\"true\">(Source: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">SosoValue<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best Meme Coin ICOs to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Altcoin ETFs Launch with a Bang: Over $65M In Trading Volume In 24 Hours<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It will be hard for any altcoin to replicate the success of Bitcoin. Being the first mover has its own set of advantages. Spot Ethereum ETF issuers received over $1Bn on the first trading day. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Yesterday, on October 28, Bitwise Solana Staking ETF (BSOL), Canary Capital Litecoin ETF (LCC), and Canary Capital Hedera ETF (HBR) cumulatively processed over $65M.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">By all standards, this is decent and is by far the largest amount processed on the first day on any leading bourse since the approval of spot Ethereum ETFs in July 2024.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_690215ebe9b72\" data-coin-id=\"eth-ethereum\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_690215ebe9b72-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_690215ebe9b72-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_690215ebe9b72-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_690215ebe9b72-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_690215ebe9b72-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_690215ebe9b72-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_690215ebe9b72-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_690215ebe9b72-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_690215ebe9b72-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_690215ebe9b72-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_690215ebe9b72-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_690215ebe9b72-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Of the three, BSOL was the most attractive. The spot ETF offers +100% spot exposure to SOL and is built with in-staking rewards, yielding around +7% APY. It\u2019s the first spot crypto ETF in the United States to enable staking for yield generation directly in a brokerage account. Over $69M of BSOL shares were traded on the first day.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">JUST IN: <a href=\"https:\/\/twitter.com\/BitwiseInvest?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@BitwiseInvest<\/a>&#8216;s spot Solana ETF ($BSOL) recorded $69.5 million in first-day inflows, nearly 480% higher than the $12 million recorded by <a href=\"https:\/\/twitter.com\/search?q=%24SSK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$SSK<\/a> on its debut. <a href=\"https:\/\/t.co\/1R2SaeTh1j\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/1R2SaeTh1j<\/a><\/p>\n<p>\u2014 SolanaFloor (@SolanaFloor) <a href=\"https:\/\/twitter.com\/SolanaFloor\/status\/1983340292511326661?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, LTCC and HBR ETFs also received a respectable reception, considering their relatively lower market cap. There are no clear data, but Eric Balchunas, a crypto ETF analyst, said roughly $5M of HBR and $4M of LTCC shares were bought.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Big day. Half an hour till post time. Three coins are getting first &#8217;33 Act spot ETFs. Time to guess Day One volume. Feel free to reply with your&#8217;s, winner gets RT + pride. Here are mine.. <a href=\"https:\/\/twitter.com\/search?q=%24BSOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$BSOL<\/a>: $52m  <a href=\"https:\/\/twitter.com\/search?q=%24HBR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$HBR<\/a>: $8m  <a href=\"https:\/\/twitter.com\/search?q=%24LTCC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$LTCC<\/a>: $7m<\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1983156235009728793?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">While much was expected, traders and analysts should note that these spot crypto ETFs were launched when the government was still partly shut. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As such, these launches bypassed full SEC scrutiny since they used pre-filed \u201cshell\u201d structures and 20-75-day review windows. Once the government is fully operational, the SEC could impose more disclosures.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">9+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Will The BTC USD Price Pump After FOMC Today?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It is likely that more BSOL shares will be bought going forward. JPMorgan analysts project between $1.5 and $5Bn in inflows within the first year alone. With more BSOL and SOL held by corporates, the total supply of SOL crypto will tighten, directly boosting prices.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The institutions are here for SOL.<\/p>\n<p>The first-ever U.S. Spot Solana ETF just went live.<\/p>\n<p>Fidelity just added SOL custody. <\/p>\n<p>JPMorgan analysts predict SOL ETFs could see $1.5B-$5B in year 1 flows.<\/p>\n<p>The stampede is just beginning.<\/p>\n<p>\u2014 Juan Leon (@singularity7x) <a href=\"https:\/\/twitter.com\/singularity7x\/status\/1983304313444413526?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">In the short term, however, the SOL USD price could shake off weakness and rise above key resistance levels. The $200 and $250 levels are critical for Solana bulls.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Even so, how fast the SOL crypto price will rally depends on the performance of the BTC USD price.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As 99Bitcoins <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/btc-usd-price-braces-for-fomc-polymarket-says-cut-will-powell-deliver\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, the FOMC and Jerome Powell will likely slash rates today. If it does, as economists and Polymarket punters expect, the odds of the Bitcoin price breaking above $120,000 will increase.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On X, one analyst thinks Powell\u2019s presser will be a market mover. With the Fed\u2019s bank reserves <a class=\"general-link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-23\/bank-reserves-fall-second-week-extend-drop-below-3-trillion\" target=\"_blank\" rel=\"noopener nofollow\">falling<\/a> below $3T, he believes the central bank will end its quantitative tightening program, allowing more money into the system.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> The FED FOMC rate cut decision will be announced tomorrow at 2pm ET.<\/p>\n<p>The market is expecting a 25 bps rate cut at this meeting, so it won&#8217;t impact the market much.<\/p>\n<p>What&#8217;s even more important is Powell&#8217;s speech, which will start at 2:30pm ET.<\/p>\n<p>The job market is already\u2026 <a href=\"https:\/\/t.co\/vb1D7dYLYU\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/vb1D7dYLYU<\/a><\/p>\n<p>\u2014 Ash Crypto (@Ashcryptoreal) <a href=\"https:\/\/twitter.com\/Ashcryptoreal\/status\/1983188663144988969?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">10+ Next Crypto to 100X In 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Altcoin ETFs Launch, Will FOMC Pump BTC USD Price?<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Spot Bitcoin and Ethereum ETFs manage over $120Bn<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">A spot ETF tracking Solana, Hedera, and Litecoin is live on Nasdaq<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Will the SEC issue more disclosures after shutdown?<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">FOMC will announce new rates today. Will the BTC USD price pump?<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/altcoin-etfs-slam-69m-in-trading-volume-as-fomc-set-to-pump-btc-usd-price\/\">Altcoin ETFs Slam $69M In Trading Volume As FOMC Set To Pump BTC USD Price<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Do crypto prices have to 100X before mainstream investors take note? Well, it looks like so. After the listing of Bitcoin futures after the 2017 frenzy, everything has since changed for crypto. The BTC USD price is above $110,000, and there are far more altcoins to choose from in the top 50. True, promising altcoins [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-55521","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55521"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55521\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}