Crypto: Tether surpasses $10 billion in annual profit
The crypto space hit a fresh high point as Bitwise and Grayscale rolled out Solana ETFs. These funds drew close to $200 million in four days. That points to strong demand for SOL. We break down this trend that might shake up the market.
A Solana ETF rides a wild coaster ride straight to $200 million. Follow us on Google News Quick facts Solana ETFs grabbed nearly $200 million in four days. That's a top mark for a crypto ETF start. Even with big money flowing into Solana ETFs, SOL's price dropped 1.5% in the last day.
Looking at SOL's future brings up this point: Will Solana ETFs spark a price jump later? Big debut for Solana ETFs: A key moment On October 28, 2025, Bitwise broke new ground with the first ETF tied straight to Solana. The crypto crowd took notice right away. Grayscale jumped in soon after with its version. That locked in the buzz around this coin.
These two starts show a real shift. Big finance firms now see SOL's value as a real rival to Ethereum. For buyers, the ETFs offer a way to tap into Solana without owning the coin itself. It's a key move toward wider use by big players.
Solana ETF: Close to $200 million in new cash over 4 days The numbers tell the story. Bitwise's Solana ETF, called BSOL, saw $69.5 million come in on day one. Then came $46.5 million, $36.5 million, and $44.6 million over the next days. In four days flat, BSOL hit $197 million.
Crypto: Tether tops $10 billion in yearly gains Sat 01 Nov 2025 ▪ 5 min read ▪ by Luc Jose A. Stay updated ▪ Stablecoin Sum up this piece with: ChatGPT Perplexity Grok Tether just passed a huge mark: more than $10 billion in gains over nine months. This jump comes from a key force in the crypto world. As the maker of USDT, the top stablecoin out there, Tether draws praise and doubts alike. The latest check report shows this big win. It stirs excitement but also worries about openness and rules.
The Tether setup spits out shiny USDT coins fast from a lit-up slot, like a busy printer. Right above sits a huge screen flashing 10,000,000,000 in bold red and orange. It looks like an old-school game machine mixed with crypto tech. Follow us on Google News Quick facts Tether made over $10 billion in gains in nine months. No one else in crypto has matched that. The huge earnings tie back to big bets on US Treasury bonds, around $135 billion worth. The firm also keeps close to $13 billion in gold and silver, plus $10 billion in Bitcoin. That spreads out the risks. Still, folks slam Tether for hiding details. It shares checks, not full books. Tether: A top quarter thanks to US Treasury bonds In quarter three, Tether added $17 billion more USDT. That keeps it as the main stablecoin maker worldwide.
Tether eyes record gains of $15 billion for all of 2025. But its check from last Friday, okayed by BDO, shows it already passed $10 billion in total earnings this year.
usdt USDT €0.8688 0.7% EUR Powered by Back in July, Tether said it earned $5.7 billion in the first half. That means quarter three alone added at least $4.3 billion. "These quarter three numbers show the steady trust and power in Tether, even with tough world money shifts," said Paolo Ardoino, Tether's top boss.
The fast rise stems from how its backup assets did. Here are the main points from their reports:
$135 billion tied to US Treasury bonds. That's up a lot and brings steady cash from the Fed's rate setup right now. $12.8 billion in gold and silver buys. This mix adds strength to the holdings. $10 billion in Bitcoin. It blends safe picks with crypto plays. USDT grew fast too, with $17 billion new coins in quarter three. Demand stays solid. These stats prove Tether leads in stablecoins and wider digital money flows.
Kick off your crypto path the safe way with Coinhouse This link has an affiliate deal The ongoing cloud of unclear info and mixed market signs Big numbers don't hide the issues with Tether's setup. As a private outfit based in El Salvador, it skips full money reports. Instead, it puts out quarter updates from BDO.
This thin layer of clear accounting blocks outside checks on income details or how it handles backups. Plus, even as USDT rules stablecoins, some data shows rivals gaining ground. A fresh JPMorgan look notes Circle's USDC now grows quicker in real use and total value.
That gap matters. Tether claimed over 500 million users in October. But Bloomberg said in September it talks with backers for up to $20 billion in fresh funds, at a $500 billion worth mark. That's a bold plan that wins fans and sparks fears.
With no strong rules watching and huge piles in US assets, talks heat up on Tether's spot in crypto's hidden finance side.
So the weak spots in Tether's ways stir worry. Its cash flow now rides high Fed rates, but rates could drop. As Tether gets closer to a must-have role in crypto, calls for better control, rules, and clear views will grow.
With more than $10 billion in gains, Tether as USDT's maker locks in its big role in crypto. Yet this win brings risks. Openness, rules, and leadership will shape what comes next for this key player under close watch.