Alternative coin ETFs Hit $69M In Trading Volume As FOMC Prepared To Boost Bitcoin USD Price

Do crypto values need to reach 100X before mainstream financiers pay attention? It seems so. Since the introduction of Bitcoin futures following the 2017 surge, the crypto landscape has dramatically transformed. The Bitcoin USD price has surpassed $110,000, and there is now a wider variety of altcoins available among the top 50.

Indeed, once-prominent altcoins like Dash and Iota have diminished in relevance. However, they have been replaced by formidable contenders. Solana, Hedera crypto, and various leading meme coins like Memecore are now in the foreground. Some have achieved 1000X from their initial launch prices, and as these coins develop and become integral to the global economy, Wall Street’s major players are eager to engage.

Currently, spot BTC and ETH ETF issuers oversee more than $180 billion, representing some of the most scrutinized regulated ETFs. With the introduction of multiple spot non-BTC crypto ETFs just yesterday, significant changes are on the horizon.

(Source: SosoValue)

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Non-BTC crypto ETFs Make a Splash: Over $65M in Trading Volume Within 24 Hours

Replicating Bitcoin’s success will be challenging for any altcoin. Being the forerunner brings its unique benefits. On its inaugural trading day, spot ETH ETF issuers secured over $1 billion.

On October 28, the Bitwise Solana Staking ETF (BSOL), Canary Capital Litecoin ETF (LCC), and Canary Capital Hedera ETF (HBR) collectively processed more than $65 million.

By all accounts, this is a significant achievement and the highest volume recorded on the first day on any leading exchange since the authorization of spot Ethereum ETFs in July 2024.

Among the three, BSOL stood out the most. The spot ETF provides over +100% exposure to SOL and incorporates in-staking rewards, yielding approximately +7% APY. It is the first spot crypto ETF in the U.S. that allows earning yield for yield directly within a brokerage account. BSOL shares saw over $69 million traded on their first day.

BREAKING: @BitwiseInvest‘s spot Solana ETF ($BSOL) achieved $69.5 million in its first-day inflows, an increase of nearly 480% compared to the $12 million seen by $SSK on its debut. pic.twitter.com/1R2SaeTh1j

— SolanaFloor (@SolanaFloor) October 29, 2025

In the meantime, the LTCC and HBR ETFs also received favorable interest, given their relatively lower crypto market capitalization. Although precise figures are unavailable, Eric Balchunas, a crypto ETF analyst, indicated that approximately $5 million in HBR and $4 million in LTCC shares were purchased.

Eventful day ahead. Half an hour until post time. Three coins are launching their first ’33 Act spot ETFs. Guess the Day One volume! Share your predictions; the winner gets a retweet and bragging rights. My guesses are.. $BSOL: $52m $HBR: $8m $LTCC: $7m

— Eric Balchunas (@EricBalchunas) October 28, 2025

While expectations were high, traders and analysts must recognize that these spot crypto ETFs were introduced during a time when the government remained partially shut down.

Consequently, these launches circumvented complete SEC scrutiny as they utilized pre-filed “shell” structures and 20-75 day review periods. Once the government is fully operational, the SEC may require additional disclosures.

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Will the Bitcoin USD Price surge After FOMC Today?

It’s probable that more BSOL shares will be acquired moving forward. Analysts from JPMorgan predict inflows ranging from $1.5 to $5 billion in the first year alone. With corporations accumulating more BSOL and SOL, the total SOL crypto circulating supply will tighten, which will likely elevate prices.

Institutions are now focused on SOL.

The inaugural U.S. Spot Solana ETF just launched.

Fidelity has also begun SOL custody.

JPMorgan predicts SOL ETFs could bring in $1.5B-$5B in the first year.

The rush is just beginning.

— Juan Leon (@singularity7x) October 28, 2025

In the short term, nonetheless, the SOL USD price may overcome weakness and exceed crucial barrier level points. The $200 and $250 thresholds are vital for Solana supporters.

Nevertheless, the speed at which the SOL crypto price will ascend is contingent on the fluctuations of the Bitcoin USD price.

As 99Bitcoins noted, the FOMC alongside Jerome Powell may reduce rates today. Should this happen, as predicted by economists and Polymarket speculators, the likelihood of Bitcoin’s price surpassing $120,000 is expected to increase.

On X, one analyst suggests that Powell’s press conference will significantly impact the trading market. As the Fed’s bank reserves have declined below $3 trillion, he anticipates that the central bank will cease its quantitative tightening program, thereby allowing more funds into the economy.

The FED’s FOMC rate cut decision will be revealed tomorrow at 2pm ET.

The trading market anticipates a 25 bps rate cut at this meeting, so its effect on the trading market is expected to be minimal.

What’s more crucial is Powell’s address, which will commence at 2:30pm ET.

The job trading market is currently… pic.twitter.com/vb1D7dYLYU

— Ash Crypto (@Ashcryptoreal) October 28, 2025

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