PANews reported on October 28th, according to The Block, that asset management company Bitwise announced on the X platform that it will launch the Bitwise Solana Collateralized ETF on the New York Stock Exchange on Tuesday, under the ticker symbol BSOL. The company stated that this is the first ETP "100% directly invested in spot SOL." Meanwhile, other companies are also planning to launch a range of cryptocurrency ETFs. Canary Capital stated that it plans to list its Litecoin ETF and HBAR ETF on the Nasdaq on Tuesday. A person familiar with the matter stated that the Grayscale Solana Trust ETF is scheduled to list on Wednesday. A week into the US government shutdown, the SEC issued guidance clarifying the listing process for cryptocurrency ETFs. The SEC stated that companies can submit S-1 registration statements for IPOs without delaying amendments, meaning they can take effect within 20 days as companies submit their final S-1 registration statements. Prior to the shutdown, the SEC approved listing standards for three exchanges and amended relevant rules, potentially accelerating the approval of dozens of cryptocurrency ETF applications. Companies seeking to launch cryptocurrency ETFs without SEC approval will need to meet the listing standards. To launch an ETF, companies will need to submit their final S-1 registration statement and Form 8-A, some of which have already begun.PANews reported on October 28th, according to The Block, that asset management company Bitwise announced on the X platform that it will launch the Bitwise Solana Collateralized ETF on the New York Stock Exchange on Tuesday, under the ticker symbol BSOL. The company stated that this is the first ETP "100% directly invested in spot SOL." Meanwhile, other companies are also planning to launch a range of cryptocurrency ETFs. Canary Capital stated that it plans to list its Litecoin ETF and HBAR ETF on the Nasdaq on Tuesday. A person familiar with the matter stated that the Grayscale Solana Trust ETF is scheduled to list on Wednesday. A week into the US government shutdown, the SEC issued guidance clarifying the listing process for cryptocurrency ETFs. The SEC stated that companies can submit S-1 registration statements for IPOs without delaying amendments, meaning they can take effect within 20 days as companies submit their final S-1 registration statements. Prior to the shutdown, the SEC approved listing standards for three exchanges and amended relevant rules, potentially accelerating the approval of dozens of cryptocurrency ETF applications. Companies seeking to launch cryptocurrency ETFs without SEC approval will need to meet the listing standards. To launch an ETF, companies will need to submit their final S-1 registration statement and Form 8-A, some of which have already begun.

Bitwise Solana Collateralized ETF to List on the New York Stock Exchange on Tuesday

By: PANews

2025/10/28 07:05

A week into the US government shutdown, the SEC issued guidance clarifying the listing process for cryptocurrency ETFs. The SEC stated that companies can submit S-1 registration statements for IPOs without delaying amendments, meaning they can take effect within 20 days as companies submit their final S-1 registration statements. Prior to the shutdown, the SEC approved listing standards for three exchanges and amended relevant rules, potentially accelerating the approval of dozens of cryptocurrency ETF applications. Companies seeking to launch cryptocurrency ETFs without SEC approval will need to meet the listing standards. To launch an ETF, companies will need to submit their final S-1 registration statement and Form 8-A, some of which have already begun.

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Share Insights

The post Metaplanet Announces ¥75B Share Buyback Program to Strengthen Bitcoin Strategy appeared first on Coinpedia Fintech News Metaplanet, widely known as “Japan’s MicroStrategy”, has taken a major step forward in its long-term strategy by launching a 75 billion JPY share repurchase program. This comes after the company faced a setback with a decline in its mNAV, and aims to make better use of capital and boost returns for shareholders. Metaplanet has formulated a new Capital Allocation Policy to guide financing, investment, and shareholder return decisions. The policy emphasizes disciplined use of preferred and common shares to maximize BTC Yield and long-term corporate value. https://t.co/lMrFJsc9xD— Simon Gerovich (@gerovich) October 28, 2025 Why Metaplanet Is Buying Back Its Own Shares In its latest disclosure, Metaplanet noted that recent market volatility and a decline in its mNAV have led to its stock being undervalued. The mNAV compares the company’s enterprise value to the market value of its Bitcoin holdings. When it falls below 1.0x, the company’s shares are seen as trading below their fair value based on BTC reserves. To address this, Metaplanet launched a capital management plan designed to maximize BTC yield and improve capital efficiency. Metaplanet’s stock is currently trading at 499 JPY, up 2.5% over the past day and roughly 18% over the last five days. Its mNAV has also recovered to 1.03 as of the time of writing. The buyback program will cover up to 150 million common shares, representing about 13.13% of its total outstanding shares, excluding treasury shares. It will run from October 29, 2025, to October 28, 2026 and buybacks will be conducted through purchases on the Tokyo Stock Exchange under a discretionary trading agreement. $500M Credit Line Announced In order to give the company more flexibility in carrying out the repurchase program, the board has also approved a credit facility with a borrowing limit of up to USD 500 million (around JPY 76.4 billion). This allows the company to secure funds using its Bitcoin holdings as collateral whenever needed. The funds raised could be used for additional Bitcoin purchases, investments in its Bitcoin Income business, or share buybacks. The credit line also plays a major role in the Company’s financial strategy and is expected to serve as bridge financing ahead of its planned issuance of preference shares. Metaplanet’s Bitcoin-Centric Capital Strategy Metaplanet has also adopted an updated Capital Allocation Policy designed to maximize sustainable value creation. It will be guided by three fundamental principles. Since April 2025, the company has expanded its Bitcoin Treasury Strategy, now holding 30,823 BTC, making it the fourth-largest public Bitcoin holder globally and the largest in Asia. The company is also committed to its long-term goal of acquiring 210,000 BTC by the end of 2027. Despite what appears to have been a setback, Metaplanet continues to show strong conviction in Bitcoin’s long-term potential.

MAJOR$0.10881+2.63%

BOOST$0.17127+25.19%

COMMON$0.01721-39.12%

2025/10/28 18:34

Ethereum's Fusaka upgrade moves to December, blobs to double after

                                                                               Ethereum's core developers have agreed to ship the Fusaka hard fork on Dec. 3, introducing 12 EIPs to boost scalability, security and cut costs.                     Ethereum’s core developers have selected early December for the tentative launch of the network’s next major hard fork, dubbed Fusaka, which aims to scale the network and make it more efficient.While the Fusaka upgrade will go live on Dec. 3, the increase in blob capacity will take place two weeks after, putting it around Dec. 17, followed by another blob capacity hard fork on Jan. 7, 2026.Both the blob capacity hard forks will more than double the current blob capacity, according to Ethereum researcher Christine D. Kim.Read more