• US regulators have greenlighted SOL, LTC, and HBAR ETFs.
• Crypto sees institutional demand as mainstream players seek blockchain exposure.
• Official Trump surges after optimistic developments.

Digital assets performed well on Tuesday as Bitcoin reclaimed $117,000.

The broader sector has turned bullish amid optimistic updates and tomorrow’s Fed decision on interest rates.

In a groundbreaking move that has stirred the altcoin space, US regulators have reportedly approved exchange-traded funds linked to Solana, Litecoin, and Hedera.

This marks a crucial moment for the digital assets industry, with diversified ETF offerings beyond Bitcoin and Ethereum.

Enthusiasts can now access Bitwise Solana, Canary HBAR, and Canary Litecoin exchange-traded funds on the New York Stock Exchange.

The decision follows the new policies that allow issuers to evade the lengthy review procedures by the SEC.

The new financial products are experiencing significant investor appetite.

According to ETF analyst Eric Balchunas, the Bitwise SOL staking ETF saw its trading volume hit $10 million within the first 30 minutes.

It has eclipsed Hedera and Litecoin at $4 million and $400k, respectively.

Here's numbers fter 30min$BSOL: $10m$HBR: $4m$LTCC: $400k

— Eric Balchunas (@EricBalchunas) October 28, 2025

Meanwhile, the approval will boost investor exposure in SOL, LTC, and HBAR through regulated channels.

That eliminates the complexity of navigating wallets and finding legitimate brokers.

The new funds have already debuted on leading United States exchanges as the gap between DeFi and TradFi blurs.

Institutional interest hits the altcoin sector

The latest approvals increase alternatives for investors.

Until recently, institutional players remained restricted to Bitcoin and Ethereum-related financial products.

Now, the landscape has transformed dramatically.

Solana, known for speed and its vibrant DeFi, meme token, and NFT ecosystem, has been among the hottest blockchains in the past few months.

With SOL ETFs live, the project can anticipate remarkable liquidity and market stability.

Such fundamentals can help Solana cement its status as a serious “Ethereum Killer.” SOL is trading at $199 after gaining more than 3% the past week.

The OG Litecoin has remained relevant through the years due to its constant network uptime and strong fundamentals.

An LTC ETF approval confirms that regulators still perceive Litecoin as a time-tested token that can serve conservative investors navigating cryptocurrencies.

LTC is trading at $98, bracing for impressive upside breakouts.

Finally, Hedera’s exchange-traded fund offers an opportunity for individuals exploring the blockchain role in tokenized assets, sustainability, and business solutions.

HBAR gas soared over 10% the previous day to $0.2018.

TRUMP rallies on positive sentiments

Donald Trump’s meme token led the gainers today. TRUMP gained more than 14% the past 24 hours to $7.11.

Trump Media’s deal with Crypto.com to launch Truth Predict is fueling TRUMP’s surges.

NEW: 🇺🇸🎥 President Trump’s Truth Social has partnered with #Crypto.com to launch “Truth Predict.”

The new feature will make Truth Social the world’s first social media platform to offer federally compliant prediction markets on politics, economics, and sports. pic.twitter.com/7GUWns4AvB

— Bitcoin.com News (@BTCTN) October 28, 2025

Under the agreement, Truth Social will channel event contracts through CDNA, a CFTC-registered exchange and clearinghouse.

The partnership provides the platform with a federally compliant framework to offer prediction markets tied to elections, economic data, commodity prices, sports results, and other real-world events.

Trump Media is promoting the initiative as the first instance of a publicly traded social media company integrating prediction markets directly into its platform.

The new feature will display real-time market pricing, allowing users to respond to live developments.

Social elements will be integrated alongside trading functions, enabling users to discuss positions, share forecasts, and trade simultaneously.

User engagement will be directly linked to trading activity — participants who earn “Truth gems” through interactions can convert them into CRO digital tokens, which can then be used to purchase event contracts.

The post Altcoins today: Solana, Litecoin, and Hedera ETFs debut; TRUMP rebounds appeared first on CoinJournal.

• Madras High Court confirms crypto can be owned and held in trust.
• WazirX has been barred from redistributing investors’ unaffected XRP holdings.
• Ruling strengthens investor rights and Web3 governance in India.

In a landmark ruling that could reshape cryptocurrency in India, the Madras High Court has declared that cryptocurrencies qualify as property under Indian law.

The Court’s decision, delivered by Justice N. Anand Venkatesh, affirms that cryptocurrencies can be owned, held in trust, and protected as legal property — a major step in clarifying the legal status of digital assets in the country.

Cryptocurrency in India now recognised as property

The case arose from a petition by an investor whose 3,532.30 XRP coins were frozen after a cyberattack on WazirX, one of India’s largest cryptocurrency exchanges.

In July 2024, the platform suffered a $234 million hack involving Ethereum and ERC-20 tokens.

While the investor’s XRP holdings were not part of the stolen assets, WazirX sought to redistribute all users’ funds under its so-called “socialisation of losses” plan.

Justice Venkatesh firmly rejected the proposal, ruling that each investor’s digital holdings are individual property and cannot be diluted or redistributed to cover exchange losses.

He emphasised that cryptocurrencies, though intangible, possess all the essential attributes of property — they are identifiable, transferable, and exclusively controlled through private keys.

“It is not a tangible property nor is it a currency,” the judge observed. “However, it is a property, which is capable of being enjoyed and possessed in a beneficial form.”

This interpretation grants digital asset holders stronger legal standing, ensuring that their cryptocurrencies are recognised as assets protected under Indian law.

Jurisdiction and investor protection

The Court also settled questions over jurisdiction, dismissing WazirX’s argument that Singaporean arbitration rules applied because its parent company, Zettai Pte Ltd, is based in Singapore.

Justice Venkatesh cited the Supreme Court’s earlier decision in PASL Wind Solutions Pvt Ltd v. GE Power Conversion India Pvt Ltd (2021), noting that Indian courts have authority over assets located within India.

Because the investor’s transactions originated from Chennai and involved an Indian bank account, the Court confirmed that the case fell squarely under Indian jurisdiction.

The court further highlighted that Zanmai Labs Pvt Ltd, which operates WazirX in India, is registered with the Financial Intelligence Unit (FIU) — unlike its foreign parent company or Binance.

This distinction reinforced that Indian exchanges operating domestically are subject to Indian oversight and accountability, particularly in protecting user assets and maintaining transparent custodial practices.

Strengthening Web3 governance

Justice Venkatesh’s decision went beyond individual relief to call for higher standards of corporate governance in the Web3 and crypto sectors.

He urged exchanges to maintain separate client funds, conduct independent audits, and uphold robust KYC and anti-money laundering controls.

These measures, the Court noted, are vital for building trust in the digital economy and protecting consumers from future mishandling of assets.

Legal experts hailed the judgment as a milestone in developing “crypto-jurisprudence” in India.

Vikram Subburaj, CEO of Indian exchange Giottus, described it as a foundational moment that signals to all market participants — exchanges, users, and regulators — that the digital asset space will be held to strong standards of governance and protection.

A foundation for India’s crypto future

The Court’s ruling not only protects the rights of individual investors but also strengthens the broader regulatory framework around digital assets.

By recognising cryptocurrency as property, the judgment fills a crucial legal gap in a country where tax enforcement on crypto remains strict, but investor protections have lagged.

As Justice Venkatesh wrote, courts now serve as the “central stage where the future of digital value is debated.”

Through this ruling, the Madras High Court has given India a clearer picture of ownership, responsibility, and trust in the age of decentralisation.

With cryptocurrency in India now firmly recognised as property under Indian law, the decision marks a turning point for the country’s digital asset ecosystem — affirming that in India, crypto holdings are not just speculative instruments but protected assets under the law.

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