Spot Bitcoin ETFs Approved After a Decade-Long Fight
The SEC cleared eleven spot Bitcoin ETFs for trading, ending years of denials and unlocking the most consequential structural change in Bitcoin's market history.
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The round-number milestone fell in a single overnight session, less than two months after the U.S. election results re-priced the macro and regulatory backdrop.
The SEC quietly approved the first U.S. ETPs holding both spot Bitcoin and spot Ether in a single basket, with launches scheduled for January.
The third U.S.-approved Bitcoin-and-Ether ETF launches on the NYSE, this time from Bitwise, signaling a thaw in regulatory posture under the new administration.
Pectra activated at epoch 364,032 with eleven EIPs, lifting the validator balance ceiling to 2,048 ETH, doubling blob throughput, and unlocking account abstraction primitives.
The agency cleared in-kind creates and redeems for spot Bitcoin and Ether ETFs, eliminating an awkward cash-only friction that issuers have flagged since launch.
More than 98% of voting stake backed Alpenglow, an overhaul that targets sub-second finality and dramatically reworks Solana's consensus mechanics.
Sustained ETF inflows and a softer dollar combined to push Bitcoin to a new cycle peak, extending its rally to more than 30% above the December 2024 highs.
Seven issuers including Bitwise, VanEck, Fidelity, Grayscale, Franklin Templeton, 21Shares and Canary launched products giving investors regulated SOL exposure in a single ticker.
Canary Capital's XRPC became the largest U.S. ETF launch of 2025 by day-one volume, beating even Bitwise's Solana product, in a clear sign of pent-up XRP demand.
Phong Le acknowledged on a podcast that a multi-quarter price freeze remains a real possibility — a notable change of tone from the firm's usual unalloyed bullishness.
Twelve months after the fourth halving, exchange balances have collapsed and long-term holder accumulation is back near record levels.
More than a dozen smaller listed companies have rebranded around large Bitcoin holdings, hoping to capture the equity premium MicroStrategy turned into a category.
Post-Pectra blob expansion has dropped median rollup transaction costs below one cent across the largest L2s.
EigenLayer-style protocols now secure tens of billions in restaked ETH, raising fresh concerns from researchers about correlated slashing.
The 30-day correlation between BTC and the U.S. Dollar Index touched -0.90 this month, the most extreme level since 2022, as macro dominates crypto-specific drivers.