Early in the Asian session, Hong Kong made a big move: Pando’s spot Solana ETF is targeting a listing today (October 13), with an annual management fee of 0.60%, putting it head-to-head with ChinaAMC’s SOL ETF. That’s a tangible source of incremental demand for $SOL , but don’t expect day-one volume to match U.S. ETFs—the ChinaAMC fund was only at $8.58 million in assets at the end of August, so it still has a long way to go.
A few things from last night: Saylor added to his position again. Strategy bought 250 $BTC (about $21.5 million) and also repurchased $192 million worth of STRC preferred shares. That’s basically dollar-cost averaging.
IREN, a company with mining roots, is reportedly landing a major, multi-year computing deal with Anthropic—the story of miners pivoting to AI continues. SKYAI went the other way, selling off half of its $SOL treasury to fund a $200 million buyback. DATs are starting to give back to their tokens—that’s an aggressive playbook.
Oil is still on fire: a third supertanker was hit in the Strait of Hormuz within 48 hours, Brent crude climbed above $105, and Trump’s “energy ceasefire” was contradicted within a day. The hard-asset narrative around $BTC is back in the spotlight.
My take: In the short term, sentiment hinges on the Hong Kong SOL ETF launch; over the medium term, keep an eye on oil prices and liquidity. Don’t chase the rally.
NFA DYOR
#Solana #Bitcoin #香港ETF #加密货币 #CrudeOil
A few things from last night: Saylor added to his position again. Strategy bought 250 $BTC (about $21.5 million) and also repurchased $192 million worth of STRC preferred shares. That’s basically dollar-cost averaging.
IREN, a company with mining roots, is reportedly landing a major, multi-year computing deal with Anthropic—the story of miners pivoting to AI continues. SKYAI went the other way, selling off half of its $SOL treasury to fund a $200 million buyback. DATs are starting to give back to their tokens—that’s an aggressive playbook.
Oil is still on fire: a third supertanker was hit in the Strait of Hormuz within 48 hours, Brent crude climbed above $105, and Trump’s “energy ceasefire” was contradicted within a day. The hard-asset narrative around $BTC is back in the spotlight.
My take: In the short term, sentiment hinges on the Hong Kong SOL ETF launch; over the medium term, keep an eye on oil prices and liquidity. Don’t chase the rally.
NFA DYOR
#Solana #Bitcoin #香港ETF #加密货币 #CrudeOil