Spot ETFs
Major Wall Street banks are shifting infrastructure onchain, rolling out tokenized deposits, backing stablecoins, and supporting spot Bitcoin exposure. The move marks a broad institutional embrace of crypto primitives within traditional finance.
BlackRock CEO Larry Fink said sovereign wealth funds were buyers of the recent Bitcoin dip and are purchasing to hold for years, not to trade. He cited flows into BlackRock’s IBIT, the largest spot Bitcoin ETF, as evidence of long-term state demand.
Five U.S.-listed spot XRP ETFs have been entered into the DTCC system, fueling fresh speculation of an imminent launch as political gridlock shows signs of easing after a historic 40-day shutdown. Traders are watching for regulatory green lights and ETF flows that could rapidly reshape the crypto market.
Solana spot ETFs recorded a $6.8M inflow day led by BSOL and GSOL, outperforming Bitcoin and Ethereum spot ETFs. The move highlights renewed investor appetite for Solana exposure via spot ETF wrappers.