bitcoin 2026, bitcoin price, Bitcoin Returns in Every Quarter, bitcoin price, bitcoin institutions, bitcoin yield, bitcoin etf, bitcoin collateral. Photo by BeInCrypto Bitcoin’s (BTC) momentum has sharply reversed in the fourth quarter. While analysts expected the coin to set new highs, many now doubt whether BTC can even reclaim its previous peak. Forecasts are being revised downward as performance weakens. This downturn comes despite a supportive macro environment. Demand is cooling, market strength is ...

Core Insights - Virtune has partnered with Smartbroker to offer commission-free access to its crypto exchange-traded products (ETPs), enhancing investment opportunities for clients [1][6][8] - The partnership aims to simplify and make crypto investments more accessible through structured monthly savings plans [3][10] Company Overview - Virtune is a regulated Swedish crypto asset manager, managing $370 million in assets and serving over 150,000 investors since its first ETP listing in May 2023 [5] - The company focuses on investor protection and transparency, offering 100% physically backed crypto ETPs [5][12] Partnership Details - The collaboration with Smartbroker includes educational initiatives such as webinars and events to enhance client knowledge about crypto assets and Virtune's ETPs [2][6] - Smartbroker manages over 267,000 brokerage accounts with assets exceeding €14 billion as of the end of 2022, making it a significant player in the online brokerage space [7] Investment Benefits - Investors can now set up long-term, commission-free monthly savings plans in various crypto assets, including Bitcoin, XRP, and Solana [1][10] - All Virtune ETPs are backed by the underlying crypto assets, held securely with Coinbase in cold storage [10]

NASDAQ's Digital Asset Strategy - NASDAQ has been involved in digital assets since 2021, launching the NASDAQ crypto index and further immersing in the space [1] - NASDAQ filed an application with the SEC for a proposed rules change to allow for the trading of tokenized stocks and ETPs [1] - The primary goal is to bridge the digital asset world and the traditional world, prioritizing investor-first principles [3] - NASDAQ aims to integrate tokenized assets into current market structures, applying current securities laws [7] Tokenized Assets and Market Impact - Tokenized shares will trade under the same ticker and CUSIP, fully fungible with their traditional counterparts, offering investors a choice in holding [5] - The trading of tokenized assets on NASDAQ aims to improve efficiency and enhance audit trails [12] - Near-term benefits include process efficiencies on the post-trade side, with potential for atomic instant settlement in the long term [13][14] - Mid-term benefits include collateral mobility for assets, enhancing capital efficiency by allowing equity to be used in collateral pools [15] - Tokenization enhances utility beyond the trade itself, with potential for better access for proxy and enhancements around corporate actions [17] Convergence of Traditional Finance (TradFi) and Decentralized Finance (DeFi) - The convergence of TradFi and DeFi is seen as a combination of traditional risk management, compliance, and regulation with the programmability of DeFi [36] - Stablecoins gained significantly in 2025, and their use in collateral management, along with tokenized treasuries, money market funds, and equities, could drive the next phase of adoption [37][38] NASDAQ's Infrastructure and Offerings - NASDAQ offers exchange technology, powering over 130 markets globally, including crypto markets using their matching engine technology [28] - NASDAQ has a crypto index and reference rates used globally for benchmarking [29] - NASDAQ acquired Calypso through the Adenza acquisition, integrating it with blockchain rails for collateral mobility [29] - NASDAQ offers data products and a surveillance business used globally to monitor markets for manipulation, including crypto markets [31][32]

Crypto ETPs Flow - Global crypto ETPs experienced $1.9 billion in weekly outflows [1] - This marks the third-worst run since 2018 for crypto ETPs [1]

Crypto Innovation - Grayscale pioneers crypto staking on Wall Street via publicly traded ETPs [1] - Investors can now earn yields on ETH and SOL without node operation [1] Industry Convergence - Wall Street's integration with DeFi is accelerating [1]

Market Trends - Solana has surged 24% in a month as institutions show interest [1] - Seven asset managers, including Fidelity and Grayscale, plan to launch spot SOL ETPs by October 10 [1]

Regulatory Landscape - The discussion will focus on regulating ETPs (Exchange Traded Products) [1] - The conversation will explore what regulatory steps come after ETPs [1] Industry Events - Multicoin Capital's Gregory Xethalis and Grayscale's Craig Salm will speak at CoinDesk: Policy & Regulation [1]

Regulatory Updates - SEC's Division of Corporation Finance 发布了关于加密 ETPs 披露要求的新指南 [1] - 该指南详细说明了发行人在文件中需要包含的信息 [1]