This is absolutely outrageous. If Bitcoin funds can be arbitrarily confiscated by a few developers simply because you happen to use a feature they don't like, then this isn't Bitcoin at all.

Halftime Break $BSOL: $33 (my guess looks good) $HBR: $6 million $LTCC: $1 million

This is just the beginning. We will see more cryptocurrency companies going public in the coming months.

$BSOL's initial asset size is $220 million. Impressively, it's already half the size of $SSK. Surprisingly, though, they didn't delay the listing, instead including it on day one to boost trading volume and traffic. The good news is that now we only need organic growth, making it easier to gauge true demand.

What exactly did that change look like? I missed it. From what I understand, almost everyone missed it. It took me a while to actually figure it out. However, the one highlighted in green at the top is the old language, and the one at the bottom is the new language. That's it. That's why these features should be rolling out this week. Canary first submitted applications for Litecoin ($LTCC) and HBAR ($HBR) this way on October 7th, then Bitwise submitted their Solana ETF ($BSOL) on October 8th, and then Grayscale submitted $GSOL on October 9th. I haven't found anyone else who added this language...yet. For all this and more, read this note from the Bloomberg Terminal client, which contains more details: I admit my mistake. @vaneck_us just submitted a new filing using this language. I guess their 20-day deadline theoretically starts now? h/t @EricBalchunas

@JSeyff XRP friends (don’t worry, you’ll get your turn!)

New: Yes… As reported, we expect Solana, Litecoin, and HBAR to launch the first pure-play spot ETFs in the US this week. But how did this happen? It's almost certainly due to the wording in the Q&A-formatted guidance letter from the SEC's Division of Corporation Finance. Question 11 of 22 seems to be the key detail. Though, to be honest, it's a little unclear to my non-lawyer mind/eye whether this applies to ETFs. While it specifically refers to securities IPOs, ETFs are securities. Regardless—the lawyers for @CanaryFunds, @BitwiseInvest, @Grayscale, @Nasdaq, and @NYSE apparently think this is strong enough for them. Here's question 11:

Canary just submitted eight applications for Litecoin and HBAR ETFs, and Bitwise has also submitted an application for Solana. Rumor has it that these ETFs may launch this week (alongside Grayscale's Solana), despite the platforms currently being closed. Nothing has been finalized yet, but preparations are clearly underway. Stay tuned...

Last week, @FrancisSharoon and I analyzed the overall landscape of actively managed large-cap ETFs. Which ETFs saw the largest increases and decreases overall? META and NFLX led the overweight list, while AAPL, NVDA, MSFT, and GOOG led the underweight list. We also analyzed sector-level holdings. Communications overweight and technology underweight were particularly strong performers. We performed the same analysis but also selected subsets to examine allocations to value, growth, and hybrid ETFs. The ETFs manage approximately $200 billion in assets and cover approximately 250 funds. The full report is available on the Bloomberg Terminal client here:

@FrancisSharoon We also conducted a sector-level analysis. Overweight communications stocks and underweight technology stocks performed particularly well. @FrancisSharoon We conducted the same analysis, but also selected value, growth, and hybrid stocks as a subset. This subset represents approximately $200 billion in AUM across approximately 250 funds. Bloomberg Terminal clients can read the full report here: