October 30, 2025: Solana tumbles 8%, erasing all year-over-year gains despite spot ETF launches. Despite ETF debuts, SOL fails to sustain significant price increases above $200. 21Shares files HYPE ETF while Bitwise reports strong day-two activity for their Solana ETF. A Solana event in China was shortened amid ongoing crypto crackdowns. Bitwise CIO notes that staking ETFs represent a missing component for the ecosystem. Market reacts cautiously to new financial products amid regulatory pressures. Powered by LabCat AI research tools.