In a letter to the Securities and Exchange Commission, Citadel Securities complained that crypto interests are poised to damage the U.S. stock market and harm consumer protections with a pell-mell rush into decentralized finance (DeFi). The firm didn't directly say who it regards as responsible for this state of affairs-but it's enough to guess from the footnotes, which refer to the venture giant Andreessen Horowitz more than 10 times.
Nine new XRP ( ) ETFs are launching across major U.S. exchanges this week. That's right, nine in a single week. This rapid rollout marks a major shift for institutional access to XRP and shows just how aggressively issuers are jumping into the market. Here's the thing though: all this excitement comes while XRP's price keeps sliding, even as record inflows start building. That gap between strong institutional demand and weak spot-market performance raises the real question.
Until this week, these investors could only buy Bitcoin and Ethereum in ETF form and, based on initial demand, at least one of the new offerings is off to a roaring start. Based on early demand, the hot new offering is an ETF that provides exposure to Solana, the sixth most popular cryptocurrency. According to Eric Balchunas, an analyst at Bloomberg Intelligence, the Bitwise Solana Staking ETF (BSOL) had the best ETF launch of 2025 in any asset class.
Nasdaq Inc. is asking regulators to let investors trade tokenized versions of stocks on its exchange, a move that could mark the first big test of blockchain technology inside the core of America's equity markets. The exchange operator is seeking approval from the US Securities and Exchange Commission to amend certain rules, including the definition of a security, that would allow stocks to be tokenized and traded on regulated venues like Nasdaq, according to a filing Monday.
