Key facts: Bitwise Solana ETF launches; Western Union stablecoin announced; Whale trader acquires 501,775 SOL
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- The Bitwise Solana Staking ETF launched on October 28, 2025, with $55.4 million in trading volume and $217.2 million in assets. On day two, it reached $72.4 million in volume.123
- Western Union will launch a stablecoin, the US Dollar Payment Token (USDPT), on the Solana blockchain in early 2026, enhancing money transfers and merging digital with fiat currencies.4
- A major whale trader has sold Bitcoin and Ethereum to buy 501,775 Solana (SOL) for about $99.65 million, marking a significant long position in the asset.5