Evernorth has emerged as the latest powerhouse in institutional crypto accumulation, closing in on its ambitious XRP treasury goal. In just a few days, the firm has reached 95% of its accumulation target, marking a major milestone in XRP’s journey toward broader institutional adoption. The rapid growth of Evernorth’s reserves and its strategic partnerships has sparked renewed excitement across the XRP community, signaling what could be a pivotal shift in how institutions engage with the cryptocurrency. 

Evernorth Nears $1 Billion In XRP Holdings

A new report from CryptoQuant has revealed that Evernorth’s XRP holdings is now nearing the $1 billion funding milestone, positioning it among the top institutional holders of the cryptocurrency. According to JA Maartunn, a community analyst at CryptoQuant, Evernorth currently holds 388,710,606.03 XRP, reaching 95% of its $1 billion target. 

The company’s total XRP treasury is now valued at approximately $947,183,571, with unrealized profits of roughly $46 million generated in four days. This figure reflects an average purchase price of $2.44 per XRP, which Maartunn believes could become a defining price level for the cryptocurrency’s market trajectory.

 Notably, Evernorth’s XRP treasury comes amid a broader trend of institutional diversification toward digital assets. Earlier this year, several major crypto treasury institutions—most notably Strategy, with its aggressive Bitcoin accumulation strategy, and The Ether Machine, with its dedicated focus on Ethereum—set the tone for large-scale crypto accumulation. 

Evernorth’s expanding holdings signal a decisive shift beyond BTC and ETH, underscoring a maturing institutional demand for alternative layer-1 assets. It also suggests that XRP may become the next frontier for institutional treasuries seeking exposure to high-liquidity, regulated crypto assets.

Evernorth’s XRP Growth Strategy 

Asheesh Birla, the CEO of Evernorth, introduced the treasury company last week, on October 20, through an X post. He described it as an institutional vehicle built to propel XRP’s global adoption. The announcement detailed the company’s plans to go public through a SPAC merger with Armada Acquisition Corp II (NASDAQ:AACI), targeting gross proceeds of more than $1 billion.

Evernorth’s growth strategy includes acquiring XRP through innovative financial structures designed to maximize XRP per share and expanding internationally into key markets like Japan and South Korea. The company also plans to diversify its yield generation through risk-mitigated treasury deployment. These initiatives reflect a deliberate, structured approach toward building a long-term institutional presence around XRP.

Ripple CEO Brad Garlinghouse has also praised Birla’s initiative, noting Ripple’s partnership and investment alongside prominent firms such as SBI Holdings, Pantera Capital, Kraken, GSR, and Rippleworks. Garlinghouse said that Evernorth’s participation in institutional lending, liquidity provision, and DeFi yield opportunities will be instrumental in expanding XRP’s utility. Ripple’s CTO, David Schwartz, who joins Evernorth as a strategic advisor, echoed this sentiment, expressing enthusiasm for building scalable opportunities for XRP across DeFi and capital markets.

Nasdaq-listed shipping company OceanPal Inc. is launching NEAR corporate treasury, joining a growing trend of non-crypto firms diversifying into digital assets. Nasdaq-listed OceanPal Inc., a global shipping company, has announced the completion of a US $120 million private investment in public equity…

The second part of the year has seen a notable surge in the US stock market, while Bitcoin (BTC) and the broader cryptocurrency market has faced its share of uncertainty and significant corrections. 

With the Nasdaq recently surpassing the 26,000 mark, leading analysts are now suggesting that this milestone could be a clear indicator for Bitcoin to finish the year at new highs.

What Historical Patterns Indicate

According to experts at The Bull Theory, the pattern observed with the Nasdaq reaching all-time highs typically suggests a flow of liquidity, an increased risk appetite, and a shift of capital into growth assets. As this phase develops, it often sets the stage for Bitcoin’s next significant movement.

Data compiled by the analysts supports this assertion. Historically, in the first 30 days following a Nasdaq all-time high, Bitcoin has averaged a gain of approximately 7%. This return tends to grow, reaching about 14% within 60 days and climbing to an average of 25% by the 90-day mark. 

This pattern is not merely coincidental; it reflects a capital rotation where liquidity does not disappear but instead shifts from traditional markets into higher-risk assets like Bitcoin. 

The current situation appears to follow a similar trajectory. The Nasdaq’s rise to 26,000 indicates a wave of liquidity building beneath the surface. With rate cuts beginning and quantitative tightening coming to an end, global capital is once again seeking yield. 

This scenario mirrors the conditions that contributed to Bitcoin’s significant breakouts in previous years, particularly in 2017, 2020, and 2023.

As such, the analysts note that the next four to five months may represent an acceleration phase for Bitcoin, coinciding with a potential pause in equities, which could lead to crypto becoming the primary outlet for liquidity. 

Bitcoin Poised For Breakout Similar To 2020-2021 Cycle

Analysts like Ash Crypto also noted on social media that the BTC/NASDAQ weekly chart is revealing a repeating pattern reminiscent of the 2020-2021 cycle, during which Bitcoin significantly outperformed traditional tech stocks. In both cycles, the October to March timeframe has historically prompted major upward movements. 

After a period of consolidation within a rising wedge, the BTC/NASDAQ pair appears poised for another breakout. Should this pattern repeat, Bitcoin may see substantial gains compared to the Nasdaq in the fourth quarter and into early 2026, Ash Crypto noted. 

Notably, this sets the stage for a major rally that could see Bitcoin prices surpassing current records of over $126,000. However, the market is still characterized by increased volatility, and there is no clear path ahead for BTC.

The leading cryptocurrency is trading at $113,350 after a 2% correction in Tuesday’s trading session, following an initial surge above $115,000. This puts BTC 6.5% below record highs. 

Featured image from DALL-E, chart from TradingView.com 

Securitize is targeting a $1.25 billion Nasdaq listing to redefine public share ownership, using its tokenized equity model to merge traditional markets with blockchain’s potential. According to an Oct. 27 filing with the U.S. Securities and Exchange Commission, Securitize has…

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The Securitize IPO is a bellwether moment, creating the first publicly-traded company focused purely on the infrastructure for tokenizing real-world assets.

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Last updated on October 28, 2025.

This Article Was First Published on The Bit Journal.

The Altcoins ETFs is set to launch this Tuesday, marking a significant moment in crypto investing. According to the source, U.S. exchanges have posted listing notices for spot funds tied to these three tokens.

This move allows everyday investors to gain exposure to Solana, Litecoin, and Hedera without owning the coins directly, opening a new access point in regulated finance.

Listings Go Live What’s Happening

Exchanges such as the New York Stock Exchange (NYSE) and NASDAQ Stock Market have posted official listing notices for the Altcoins ETFs suite. Specifically:

• The issuer Canary Funds filed ETFs for Litecoin (LTC) and Hedera (HBAR) that will trade on the NASDAQ as early as Tuesday.
• The issuer Bitwise Asset Management filed a Solana (SOL) ETF for launch as part of this program.

Current prices at time of writing: Solana (SOL) ~ $199.64, Litecoin (LTC) ~ $100.55, Hedera (HBAR) ~ $0.21. These values reflect the market’s anticipation of the debut of the Solana, Litecoin, and Hedera ETF.

Why This Matters for Investors

The Altcoins ETFs may provide several benefits:

• Simplicity: Investors gain exposure to SOL, LTC and HBAR via regulated funds rather than holding the tokens and managing wallets.
• Access: For institutions and retail alike, a crypto ETF path offers a familiar format within stock-exchange infrastructure.
• Staking feature: At least the Solana component may include staking rewards, letting investors earn while holding through the fund.

Beyond Bitcoin and Ethereum, these altcoin-linked ETFs widen the field. The Solana, Litecoin, and Hedera ETF positions altcoins in a regulated vehicle format for the first time in the U.S..

Regulatory Context and Market Backdrop

The regulatory path for the Altcoins ETFs aligns with evolving U.S. rules. The U.S. Securities and Exchange Commission (SEC) has dropped delay notices and adopted generic listing standards for spot crypto ETFs, which helped clear the way for this launch. Lower procedural hurdles contribute to the Solana, Litecoin, and Hedera ETF coming into view.

Still, risks remain: trading volumes are unknown, token volatility persists, and early investors will observe how the funds perform once trading begins.

What to Watch After Launch

With the Altcoins ETFs about to trade, key indicators include:

• How much money flows into the funds?
• Whether SOL, LTC, and HBAR prices react positively once the ETF listing triggers real-world buying.
• How the funds’ structure handles staking, custody, and regulatory disclosures.
• Good early performance may encourage more altcoin ETFs; weak results may raise questions about execution.

Conclusion

The Altcoins ETFs represents a bridge between traditional finance and altcoins. Investors can now access SOL, LTC, and HBAR via regulated channels rather than buying tokens directly. Provided launch conditions hold, these funds could open the door for further crypto ETF innovations.

As trading starts, the performance of the Solana, Litecoin, and Hedera ETF will test how far the market can move beyond Bitcoin.

Glossary of Key Terms

• ETF (Exchange-Traded Fund): A fund traded on stock exchanges that tracks an asset or basket of assets.
• Spot ETF: A fund that holds the actual underlying asset (e.g., cryptocurrency), not derivatives.
• Staking: Locking up cryptocurrency tokens to earn rewards while helping secure the network.
• Altcoin: Any cryptocurrency other than Bitcoin.
• SEC: U.S. regulator for securities and ETFs, formally the U.S. Securities and Exchange Commission.

FAQs About Altcoins ETFs

What is the Solana, Litecoin, and Hedera ETFs?

It is a set of ETFs offering exposure to Solana (SOL), Litecoin (LTC), and Hedera (HBAR) via regulated U.S. exchange-traded products.

When will it launch?

The listing notices indicate trading will start this week, as early as Tuesday.

Why is it important?

It opens regulated access to altcoins beyond Bitcoin and Ethereum through the crypto ETF format.

Will staking rewards be included?

Yes, the Solana component is expected to include staking features within the ETF structure.

Read More: Solana, Litecoin, and Hedera ETFs to Begin Trading This Week">Solana, Litecoin, and Hedera ETFs to Begin Trading This Week