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Solana News Today: Investors Abandon Bitcoin ETFs in Favor of Solana's Attractive Staking Returns

Solana News Today: Investors Abandon Bitcoin ETFs in Favor of Solana's Attractive Staking Returns

Bitget-RWA2025/11/04 14:40
By:Bitget-RWA

- Bitcoin ETFs saw $488M outflows led by BlackRock's IBIT , while Solana ETFs gained $44.48M as investors rotated into staking yields. - Coinbase reported $1.9B Q3 revenue driven by trading volumes and expanded staking services, contrasting ETF volatility. - Zynk secured $5M seed funding to develop stablecoin-based cross-border payment infrastructure, targeting USD/EUR/AED corridors. - Analyst Peter Brandt warned Bitcoin could test $60K support, but IBIT's $88B AUM suggests long-term ETF demand remains str

as reported by TradingView.>

This past week, the cryptocurrency sector saw varied movements:

ETFs experienced notable withdrawals, while ETFs drew new investments as investors shifted their focus. Bitcoin traded in the $109,000 to $110,000 range on October 30, 2025, and spot ETFs saw a single-day outflow of $488.43 million, with BlackRock's iShares Bitcoin Trust (IBIT) responsible for almost half of that amount, according to TradingView. This pattern persisted as investors locked in profits following recent price increases, and ETFs also registered $98.2 million in outflows.

Solana News Today: Investors Abandon Bitcoin ETFs in Favor of Solana's Attractive Staking Returns image 0

Coinbase, on the other hand, posted strong third-quarter results for 2025, beating forecasts with $1.9 billion in revenue. The company credited its performance to a surge in spot trading and the expansion of its services, such as staking and custody. CEO Brian Armstrong pointed to the integration of decentralized exchange protocols, which increased the number of available assets in the U.S. from 300 to over 40,000, according to

. The results highlighted the strength of crypto exchanges despite ETF market swings, with Coinbase's transaction revenue alone reaching $1.0 billion.

At the same time, Solana ETFs bucked the overall outflow trend, attracting $44.48 million in new funds on October 31, marking a fourth straight day of inflows. The Bitwise Solana ETF (BSOL) led with a 4.99% daily price gain, fueled by capital moving from Bitcoin and Ethereum products. Kronos Research analysts attributed this to Solana's high-speed blockchain and staking returns near 7%, which appeal to investors seeking yield and diversification, as reported by

. Total inflows for Solana ETFs have now surpassed $199.2 million, with assets exceeding $502 million.

This positive trend is expected to persist as new crypto ETFs launch. Bitwise's Solana Staking ETF, introduced in late October, gathered $222.8 million in assets in just a few days, while Canary's

and ETFs, along with Hong Kong's inaugural Solana ETF, further demonstrate growing institutional interest, according to Coinotag. Vincent Liu from Kronos Research commented that "the rotation of capital signals rising interest in new narratives and yield opportunities from staking," indicating that Solana's momentum could continue as Bitcoin and Ethereum stabilize.

Elsewhere, fintech company Zynk raised $5 million in seed funding led by Hivemind Capital, with backing from

Ventures and other investors. Zynk's stablecoin-powered infrastructure is designed to transform international payments by removing the need for pre-funded accounts. CEO Prashanth Swaminathan noted that Zynk's platform enables instant settlements across USD, EUR, AED, INR, MXN, and PHP, easing liquidity constraints for businesses, as reported by . The new capital will help Zynk broaden its global partnerships and strengthen its compliance systems, in line with the growing trend toward real-time payments.

Veteran trader and technical analyst Peter Brandt offered a pessimistic view for Bitcoin, warning that the cryptocurrency could revisit $60,000 as a support level.

, which is based on a descending wedge pattern on the weekly chart, suggests that a drop below the 50-week moving average ($103,300) might lead to a 30% decline. While short-term price swings remain a risk, the ongoing adoption of Bitcoin ETFs—with still managing $88 billion in assets—indicates that long-term demand is still strong, according to Coinotag.

The events of the week underscore the shifting landscape of the crypto industry, where institutional participation and technological progress go hand in hand with market volatility. As ETF flows move between leading cryptocurrencies and altcoins, companies like Zynk and platforms such as Coinbase are positioning themselves to benefit from the increasing need for fast, efficient solutions. Nevertheless, investors and traders remain vigilant, as broader economic factors and regulatory developments are likely to shape the market's direction in the near future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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