Author: NBTC

Institutional investors increased their Ethereum (ETH) exposure via exchange-traded funds (ETFs) by 388,301 ETH in the second quarter, with investment advisors commanding the largest share of adoption across traditional finance sectors. According to data shared by Bloomberg ETF analyst James Seyffart, investment advisor firms control $1.35 billion in Ethereum ETF exposure, representing 539,757 ETH and capturing 219,668 ETH in net additions during the past quarter. Investment advisors dwarf other institutional segments, with hedge fund managers ranking second at $687 million in exposure. Their holdings are equivalent to 274,757 ETH, representing a 104% increase from the first quarter. Growing institutional adoption…

Global Gold, the modern monetary infrastructure for the world’s gold economy, today announced a strategic partnership with The Wyoming Reserve, a 70,000 square-foot facility with Class 3 vaults in Casper, Wyoming. The partnership establishes Wyoming Reserve as Global Gold’s primary U.S. vaulting partner, enabling the minting of fully allocated, insured, and independently audited physical gold as programmable on-chain assets. Under the agreement, gold held at The Wyoming Reserve will be legally segregated and allocated to token holders, with quarterly external audits by Alfred H. Knight and annual full audits by FORVIS. The collaboration underpins Global Gold’s flagship product line, Global…

Ethena Labs is teaming up with digital asset prime brokerage FalconX to enhance institutional adoption of Ethena’s synthetic dollar, USDe. Summary Ethena Labs and FalconX are partnering to promote USDe adoption for institutions. FalconX has added support for the dollar-denominated stablecoin across spot trading, derivatives and custody. FalconX announced on Sept. 4 that it had added spot trading, derivatives and custody support for USDe (USDe), the U.S. dollar denominated stablecoin by Ethena (ENA). The integration means institutional clients can now tap into FalconX for over-the-counter liquidity for USDe, a stablecoin that currently ranks as the third-largest by supply. USDe accounts…

An Ethereum treasury firm backed by billionaire Peter Thiel is launching a stock buyback program amid the recent rally of ETH to a new all-time high. According to an announcement, the board of directors for ETHZilla (ETHZ) has approved a $250 million repurchasing program of the firm’s outstanding common stock. A stock buyback occurs when a company purchases its own shares, thereby reducing the total number of outstanding shares, according to Bankrate. Buybacks are seen as a way to increase value for investors. Says McAndrew Rudisill, ETHZilla’s executive chairman, “As we continue to scale our ETH reserves and pursue differentiated…

SoFi Technologies has unveiled an Agentic AI ETF (AGIQ), its first after nearly two years. The ETF tracks the BITA U.S. Agentic Select Index, which covers 30 U.S.-listed firms that target AI, including Nvidia and Deere, with a 0.69% expense ratio. Agentic AI ETF targets to capture firms involved in developing or deploying agentic AI autonomous systems capable of decision making, initiating actions, and collaborating with other agents. The BITA U.S. benchmark tracks firms in technology, including Nvidia, Tesla, and Salesforce. New SoFi Agentic AI ETF targets AI technology firms SoFi has confirmed that Agentic AI ETF (AGIQ) has a…

DeFi TVL has jumped by 41% in Q3, surpassing $160 billion. The move marks the first significant move since May 2022. Ethereum and Solana led the growth, with 50% and 30% respectively. The surge reflects a renewed confidence in decentralized finance, led by Ethereum and Solana. Ethereum TVL rose by 50% from $54 billion to $96.86 billion. Solana, on the other hand, realized a 10.5 % jump from $10 billion to $11.5 billion. Across decentralized applications, Solana continued to surpass L1 and L2 networks in revenue following a growing user engagement and on-chain activity. Ethereum hits $96.86 billion TVL as…

As August winds down, readings on Ethereum’s supply, fees, throughput, holders and overall price point to a week with positive net issuance, steady onchain use, and relatively low transaction costs. Ethereum Under the Hood Blockchair’s supply trajectory data indicates Ethereum’s circulating amount has flattened since the 2022 transition to proof-of-stake (PoS) and sits in the low-120 million range today. A snapshot from Ultrasound Money places the current supply around 121,009,974 ETH, with a seven-day net change of +17,877.70 ETH. Source: Blockchair.com Over the same week, records show about 18,652.30 ETH was issued and 774.60 ETH was burned, which pencils out…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Buzz around crypto-linked stocks has proved unrelenting. As shares of such companies continue to hit major exchanges, a few more could also join one of the best-known indexes. Shares of American Bitcoin — a self-labeled “bitcoin accumulation platform” backed by the Trump Family — became available on the Nasdaq today after a stock-for-stock merger with Gryphon Digital Mining. ABTC opened at $9.22, shot up to above $14 and was back near its opening price by 1:30 p.m. ET. The company’s listing comes a day after crypto…

The non-fungible token (NFT) market has just closed its two strongest months since February as adoption and renewed interest have driven trading volumes to its highest levels this year. NFT trading volumes were up 9%, but sales counts dipped 4%, showing that while “fewer assets traded hands, collectors are paying more per sale,” according to a report published by blockchain analytics platform DappRadar on Thursday. CoinGecko shows that trading volumes for NFTs spiked in the last 24 hours, rising more than 25% to reach a high of $7.9 million. Resurgence driven by adoption A key driver of the uptick in…

Standard Chartered’s digital assets research chief says Ethereum still has room to rise, even after recent swings in price. According to Geoffrey Kendrick, growing institutional demand and shrinking exchange liquidity are tightening supply and could push Ether higher toward his year-end target of $7,500. Institutional Demand Up Reports have disclosed that corporate digital asset treasury firms have bought about 2.5% of circulating ETH since June. Spot ETH exchange-traded funds added close to 5% over the same period. Based on those figures, roughly 7.5% of supply has been drawn into corporate treasuries and ETFs since June, a large shift in a…