Together with

GM to all of you nutcases. It’s Crypto Nutshell #740 studyin’ the circus… 🎪🥜

We're the crypto newsletter that's more magical than a boy discovering a portal to a world of talking animals and endless snow... ❄️🦁

What we’ve cooked up for you today…

  • 🤑 Altcoin ETF season

  • Uptober confirmed

  • 🏦 Confidence

  • 💰 And more…

Prices as at 4:30am ET

ALTCOIN ETF SEASON 🤑

BREAKING: NYSE Lists Solana, Hedera, Litecoin Spot Crypto ETFs for Trading This Week

While Washington grinds through its fourth week of a government shutdown

Wall Street just did something no one expected - it pushed four new altcoin ETFs live without waiting for the SEC to reopen its doors. 🤯

Starting Tuesday, Bitwise’s Solana Staking ETF (BSOL) will begin trading on the NYSE - the first ETF with 100% direct exposure to spot SOL.

Grayscale’s Solana Trust will convert the next day.

On Nasdaq, Canary Capital’s Litecoin and Hedera funds will also debut, expanding the ETF lineup beyond Bitcoin and Ethereum for the first time.

These funds are launching under newly approved listing standards - the same mechanism that could fast-track dozens of pending crypto ETFs even while the SEC remains short-staffed.

Kristin Smith, president of the Solana Policy Institute, called the launch a turning point:

“The launch of the first spot Solana ETP in the US, BSOL, demonstrates broad recognition of Solana’s role as critical financial infrastructure for the future of the digital economy. The rails of global finance are being rebuilt with Solana at the center and investors will now have access to it.”

Kristin Smith

Even analysts were caught off guard.

Bloomberg’s Eric Balchunas confirmed that the sudden approvals came after “8-A filings and generic listing standards offered fund issuers an alternative route” to launch without direct SEC review.

Canary CEO Steven McClurg called Litecoin’s debut

“Another landmark moment in what has been a pivotal year for the crypto industry… Litecoin has demonstrated a proven track record of security and reliability with significant enterprise-class use cases.”

Steven McClurg

For context - the last time ETF approvals hit this fast, Bitcoin and Ethereum saw billions in inflows.

Now, with altcoins stepping onto the same stage, a broader wave could be forming.

The first Bitcoin ETF made Wall Street take crypto seriously.

The wave of altcoin ETFs coming could make it inescapable. 💥

Best Price. Every Trade.

Built for active crypto traders. CoW Swap always searches across every major DEX and delivers the best execution price on every swap you make. Smarter routes. Better trades. No wasted value. Find your best price today. So why trade on any one DEX when you can use them all?

UPTOBER CONFIRMED

After 3 straight weeks of chaos - the biggest liquidation in crypto history, headlines screaming “the top is in,” and sentiment at rock bottom - Bitcoin just flipped green for the month.

And mathematician Fred Krueger called it immediately:

“Uptober confirmed.”

Fred Krueger

Fred’s a mathematician, serial entrepreneur, and one of the sharpest macro thinkers in crypto.

And this week, he reminded everyone why he’s so calm when others panic:

Perspective like that is exactly what the market needed.

Historically, October has been crypto’s second-best month - and November is the best of all.

With just a few days left of the month, the question is simple:

Can ‘Uptober’ pull off a full comeback?

Because if history’s any guide, November is when things really start to catch fire. 🔥

CONFIDENCE 🏦

Digital asset funds saw net inflows of $921 million last week.

As a result, year-to-date inflows have now increased to $48.85 billion.

Let’s break it down.

Bitcoin was once again the main focus with $931 million in inflows. (YTD inflows are now at $30.2 billion, lagging 2024’s $41.6 billion)

Ethereum saw outflows for the first time in 5 weeks totalling $169 million.

Solana and XRP continued to show strength with inflows of $29.4m and $84.3m respectively.

From a regional perspective, the U.S. led with inflows of $843 million.

While Germany saw its largest weekly inflow on record at $502 million.

Switzerland, Sweden, and Hong Kong saw outflows of $358.9 million, $49.2 million, and $11.2 million respectively.

CoinShares notes that the lower than expected CPI data released on Friday helped restore confidence that further rate cuts are coming.

Despite several choppy weeks and an ongoing US government shutdown, institutional investors are still showing up. 🚀

CRACKING CRYPTO 🥜

Bitplanet starts daily Bitcoin accumulation with 93 BTC purchase, targets 10k BTC treasury. The Seoul-based firm says the transaction was executed entirely through regulated and compliant infrastructure.

ETHZilla (ETHZ) Sells ETH to Fund Buybacks. The maneuver highlights the pressure digital asset treasury stocks face, with many once-high-flying names now trading below their net asset value.

TRUMP and MELANIA memecoins surge after president says US-China trade deal will happen. The price move came hours after President Donald Trump said he expected to get a trade deal done with China soon.

Uptober? Strategy logs slowest monthly Bitcoin buys of the year at 778 BTC. Michael Saylor’s Strategy purchased 390 Bitcoin for $43.3 million in its latest BTC acquisition last week, bringing the total for October to 778 BTC.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

  • Raremints (link) - Daily crypto news

  • Bitcoin Breakdown (link) - Daily Bitcoin news

  • Techpresso (link) - Daily tech news and insights

  • The Hustle (link) - Get Smarter on Business and Tech

  • Your Next Breakthrough (link) - Personal growth with Mark Manson

  • The Neuron (link) - AI trends and tools to keep you ahead

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

What’s the most common type of smart contract exploit in DeFi history?

Login or Subscribe to participate

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: Oracle manipulation 🥳

Oracle manipulation exploits pricing feeds, letting attackers borrow or trade at false prices. ⚔️

GET IN FRONT OF 95,000+ CRYPTO INVESTORS

Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.

HOW DID WE DO? 🤷

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

Login or Subscribe to participate

NUTCASE REVIEW OF THE DAY 🔍

DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.

Reply

or to participate

Keep Reading

No posts found