Core Insights - Early investors in cryptocurrencies like Bitcoin, Ethereum, and XRP have seen significant returns, with Bitcoin increasing by over 1 million percent in the last decade and Ethereum projected to reach $10,000 by 2030 [1] - Institutional interest in cryptocurrencies is growing, with billions being drawn from Wall Street into crypto products, and notable developments occurring in the EU despite regulatory challenges [2] - ING Germany has launched crypto ETP trading for retail investors, allowing direct exposure to Bitcoin, Ethereum, and Solana, coinciding with a period of low crypto sentiment [3][4] Industry Developments - The introduction of crypto ETPs by ING Germany, in partnership with VanEck, reflects a trend where more European crypto firms are offering regulated access to digital assets, treating them similarly to stocks or bonds [4] - A crypto ETP is a security that tracks the price of a cryptocurrency without requiring direct ownership, with banks managing custody and reporting, thus simplifying the investment process for retail investors [5] - The ETPs are available for trading through existing securities accounts, but traders must complete a suitability check before trading, and the underlying assets cannot be withdrawn to third-party wallets [6] Market Impact - The launch of the crypto ETP is seen as a gamechanger for retail investors in Europe, addressing concerns about custody risk that arose after the collapse of exchanges like FTX during the last bear market [7]

Group 1: Market Performance - Gold had a remarkable year in 2025, increasing by 65%, while Bitcoin experienced a decline of 7% [1] - Up until August, both gold and Bitcoin had similar returns, each rising approximately 30%, but gold surged significantly thereafter while Bitcoin fell sharply [1] Group 2: Bitcoin Recovery and Capital Flows - Bitcoin is currently in recovery mode following a 36% correction from its all-time high in October, struggling around the $80,000 range [2] - Despite Bitcoin's price weakness, capital flows into Bitcoin exchange-traded products (ETPs) outpaced those into gold ETPs in 2025 [2] Group 3: Institutional Adoption and ETF Resilience - The introduction of U.S. spot Bitcoin ETFs in January 2024 marked the beginning of institutional adoption, with strong participation continuing into the second year despite price declines [3] - Total assets under management (AUM) for Bitcoin ETFs decreased by less than 4% during a 36% price drawdown, indicating investor resilience [3] Group 4: ETF Holdings and Market Dynamics - Data indicates that U.S. ETFs held 1.37 million BTC at the peak in October and still hold around 1.32 million as of December 19, suggesting that the majority of the sell-off did not originate from ETF holders [4] - BlackRock's iShares Bitcoin Trust (IBIT) has increased its market share to nearly 60%, managing approximately 780,000 BTC during this correction [4]

Core Insights - The article discusses the recent regulatory changes in Europe that are facilitating retail access to crypto exchange-traded notes (ETNs), particularly highlighting CoinShares' strategic position in this evolving market [2][4]. Company Overview - CoinShares International Limited is a leading global asset manager specializing in digital assets, recently announcing a merger with Vine Hill Capital Investment Corp [2]. - The company has a significant presence in the European crypto ETP market, holding a 32% share of total regional assets under management (AUM) [3]. Market Developments - The European crypto ETN market is experiencing a growth phase, with record inflows of €2.5 billion year-to-date [4]. - The UK Financial Conduct Authority (FCA) has lifted its retail crypto ETN ban, allowing access to approximately 7 million UK crypto holders [7]. - France's Autorité des marchés financiers (AMF) has adapted its doctrine to permit retail marketing of crypto-indexed ETNs, enhancing market accessibility [7]. Strategic Positioning - CoinShares' physical platform has led the European crypto ETP market with over $1 billion in net inflows year-to-date [3]. - The company aims to leverage its distribution expertise through partnerships, such as with BoursoBank, to reach retail investors as markets open up [4]. Regional Insights - In France, nearly one in four adults now hold financial investments, indicating a growing retail investor base [4][8]. - Nordea, the largest bank in the Nordics, will begin offering CoinShares' Bitcoin ETP starting December 2025, marking a shift in institutional caution [7].

🔥 UPDATE: Nordea will let customers buy CoinShares Bitcoin ETP from December. It’s execution-only with no advice.Big turn from its 2018 employee $BTC ban. https://t.co/qA47Aj3LzK ...

💥BREAKING:🇬🇧 BlackRock's Bitcoin ETP is now trading on the London Stock Exchange! https://t.co/xqyGviGPos ...

Market Trend - BlackRock's Bitcoin ETP is now trading on the London Stock Exchange [1] - Analysts anticipate $2 billion in inflows into BlackRock's Bitcoin ETP [1]

🚨 CMC News: BlackRock Launches Bitcoin ETP for U.K. Retail Markethttps://t.co/DNKFIbq6YH ...

BTC USD price had a much-needed stable weekend, even a little bullish. Is it too early to celebrate? Investors and traders alike should have predetermined decision rules when it comes to buying or selling. And their actions shape the price history. As the charts show conflicting signals on low against high timeframe, what are we to make of this? Follow along to find out! Crypto Quant’s Bull-Bear Market Cycle Indicator has gone underneath the 365-day MA line without much hesitation. Now, it is good to keep ...

RT Cointelegraph (@Cointelegraph)BlackRock launches UK Bitcoin ETP #CHAINREACTION https://t.co/CLtj8MycVb ...

BlackRock launches UK Bitcoin ETP #CHAINREACTION https://t.co/CLtj8MycVb ...