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Bitwise debuts Bitcoin, Ether, XRP, and Solana ETPs on Switzerland’s main stock exchange

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Key Takeaways

  • Bitwise listed five new crypto ETPs, including those tied to Bitcoin, Ethereum, Solana, and XRP, on Switzerland’s SIX Exchange.
  • The ETPs are fully backed by digital assets and provide increased investment options for European investors.

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Bitwise Asset Management listed five flagship crypto exchange-traded products (ETPs) on the SIX Swiss Exchange, Switzerland’s main stock exchange, the company announced Thursday.

Of the new listings, four are tied to the largest crypto assets by market capitalization, excluding stablecoins. These include the Bitwise Core Bitcoin ETP, Ethereum Staking ETP, Solana Staking ETP, and Physical XRP ETP.

Bitwise also listed the MSCI Digital Assets Select 20 ETP, which tracks the performance of the MSCI Global Digital Assets Select Top 20 Capped Index. The index, managed by MSCI and rebalanced quarterly, covers more than 90% of the total investable cryptocurrency market capitalization.

“The five flagship products we have listed in Switzerland will broaden options for investors looking to benefit from the full potential of crypto markets,” said Ronald Richter, Regional Director Investment Strategy of Bitwise in Europe. “Europe is rapidly opening up for digital assets, and Switzerland is a leading and crucial market at the heart of the continent.”

The move is expected to expand the digital asset manager’s presence in European markets, where demand for crypto investment products is growing and changing regulations are creating new opportunities for crypto investment.

The UK is set to ease retail access to crypto exchange-traded notes next month after more than three years of restricting such products over concerns about consumer risk and market volatility.

“The expansion of our product suite in Switzerland is a logical next step for Bitwise, and fits our strategy of always aiming to provide best-in-class crypto ETPs,” said Bradley Duke, Head of Europe at Bitwise Asset Management.

The ETPs are fully backed by their respective digital assets, stored in institutional-grade cold storage custody, and feature a physical redemption mechanism similar to precious metal ETCs.

The new listings come amid Bitwise’s growth, with client assets climbing to $15 billion across 40 investment products in August 2025, a 200% increase from October 2024.

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Justin Sun calls on World Liberty to unlock frozen tokens, pledges $20M buy

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Key Takeaways

  • World Liberty blacklisted Justin Sun’s wallet Thursday, freezing 540M unlocked and 2.4B locked WLFI tokens worth more than $3B.
  • Sun called the move “unreasonable” in an open letter and pledged to buy $10M in WLFI and $10M in ALTS stock to show continued support.

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Justin Sun has called on World Liberty Financial (WLFI) to reverse the blacklisting of his address, which froze more than $3 billion worth of unlocked and locked WLFI tokens Thursday afternoon.

In a post on X late Thursday, Sun published an open letter to the WLFI team and community, describing the freeze as “unreasonable” and arguing that tokens are “sacred and inviolable.” He said unilateral actions that freeze investor assets “violate the legitimate rights of investors” and risk undermining broader confidence in the project.

“My goal has always been to grow alongside the team and community and to jointly build a strong and healthy WLF ecosystem,” Sun wrote. “I call on the team to respect these principles, unlock my tokens, and let’s move forward together toward the success of World Liberty Financials.”

The remarks follow WLFI’s decision to blacklist Sun’s wallet, freezing 540 million unlocked and 2.4 billion locked WLFI after on-chain trackers flagged $9 million worth of WLFI transfers to exchanges.

On Friday morning, Sun doubled down on his support for the project, pledging to market buy $10 million worth of WLFI and $10 million worth of ALTS, the ticker for Nasdaq-listed company Alt5 Sigma.

In early August, Alt5 announced a $1.5 billion offering to create a WLFI token treasury strategy. With this pledge, Sun is seeking to clear the air with the Trumps by signaling support for their projects across both traditional finance and on-chain markets.

WLFI was last trading slightly above $0.18 Friday morning, according to CoinGecko data. ALTS, meanwhile, was up 5% on the day, according to TradingView.

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SOL Strategies secures Nasdaq listing under STKE

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Key Takeaways

  • SOL Strategies will list shares on Nasdaq under the ticker STKE on September 9, while delisting from OTCQB.
  • CEO Leah Wald said the move validates the Solana ecosystem and strengthens institutional access to staking.

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SOL Strategies has secured approval to list its shares on the Nasdaq Global Select Market under the ticker STKE, with trading set to begin September 9, 2025.

The Solana-focused staking firm will continue trading on the Canadian Securities Exchange under HODL, but will delist from the OTCQB, where it had traded under CYFRF. Existing OTC shareholders will see their shares automatically convert to Nasdaq.

CEO Leah Wald said the listing validates the Solana ecosystem and positions SOL Strategies as its institutional bridge. The firm added that Nasdaq access will unlock partnerships, grow validators, and scale operations to meet rising staking demand.

At press time, Solana’s native token SOL was trading at $204, little changed in the past 24 hours despite broader market volatility, according to CoinGecko data.

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Strategy confirms Bitcoin purchases are unaffected by new Nasdaq rules

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Key Takeaways

  • Strategy’s Bitcoin purchases remain unaffected by new Nasdaq regulations.
  • Nasdaq now requires shareholder approval before companies can issue new shares for crypto purchases.

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Strategy confirmed today that Nasdaq’s new regulations on digital asset treasury formations will not impact its operations, including ATMs and capital markets activities. This indicates that its Bitcoin accumulation plans remain unaffected.

The stock exchange reportedly introduced requirements mandating companies to obtain shareholder approval before issuing new shares for crypto purchases.

The rules aim to enhance transparency around corporate crypto investment strategies, particularly as more companies add digital assets to their balance sheets.

Companies that fail to comply with these new requirements could face delisting or trading suspensions.

Crypto stocks plummeted following reports of Nasdaq’s heightened scrutiny over stock listings.

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Bitcoin, altcoins tumble as weak job numbers stoke recession fears

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Key Takeaways

  • Bitcoin and altcoins dropped after weak US jobs data heightened recession concerns.
  • Markets anticipate a Federal Reserve rate cut in September as economic risks increase.

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The price of Bitcoin fell below $110,500 on Friday morning as August jobs data came in weaker than expected, which fueled concerns about a looming recession. Altcoins also saw gains erased as market volatility intensified.

The US economy added 22,000 jobs in August, far below expectations and down from 79,000 in July, the Bureau of Labor Statistics reported. The unemployment rate increased to 4.3% from 4.2%, while July’s job gains were revised lower from 73,000.

The sharp deceleration suggests businesses are pulling back on hiring, often an early warning sign of weaker demand and slowing activity.

The three-month average has dropped sharply, showing a consistent cooling trend in the labor market that can spill into consumer spending and overall growth, raising the risk of recession.

Gold hit a record $3,580 on the weak jobs data, while Bitcoin dipped to $112,500 before rebounding above $113,300, TradingView showed.

The Dow, S&P 500, and Nasdaq also touched fresh highs, but crypto and equities quickly pulled back even as markets fully priced in a September Fed rate cut.

Traders now see a 98% chance the Fed delivers a quarter-point cut at its Sept. 16–17 meeting, with 2% odds on a half-point move, according to FedWatch Tool data.

In his most recent statements at the Fed’s Jackson Hole event, Fed Chair Jerome Powell signaled that the central bank kept the door open for a September rate cut.

However, he also indicated it would not signal the start of an aggressive easing cycle.

Powell noted that inflation risks remain tilted to the upside while employment risks are leaning lower. With policy rates now closer to neutral but still restrictive, he said the Fed can proceed carefully, while leaving room for adjustments if risks shift further.

Markets are now looking ahead to the August Consumer Price Index (CPI) data, set for release on September 11, to gauge whether Fed rate cuts are on the horizon.

September has historically been a volatile month for crypto and stocks.

Last year, Bitcoin fell below $55,000 before surging after a 50-basis-point Fed cut. The rate move came amid rising unemployment, weak job growth, and recession fears.

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Crypto stocks plunge on new Nasdaq rules as Bitcoin slips under $110K

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Key Takeaways

  • Nasdaq now requires shareholder approval for firms issuing stock to buy crypto, with non-compliant companies facing suspension or delisting.
  • Strategy, BitMine, SharpLink, and Ethzilla stocks fell alongside Bitcoin’s drop below $110,000, dragging the broader crypto market lower.

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Crypto-linked stocks fell Thursday after Nasdaq introduced new rules requiring some companies to obtain shareholder approval before issuing new shares to fund crypto purchases.

Nasdaq said the change is aimed at preserving market integrity as companies raise large sums through complex structures to purchase crypto assets. Firms that fail to comply risk suspension or delisting.

Crypto-related equities and tokens sold off after Nasdaq announced the new shareholder approval rules. Strategy fell as much as 3.5% before paring losses to 2% by midday, while BitMine Immersion dropped nearly 9%, SharpLink Gaming tumbled 11%, and Ethzilla plunged 15% intraday before recovering to trade down 9%.

Bitcoin slipped 2.5% to $109,500, falling below the $110,000 key level, with Ether down more than 3% at $4,300 and Solana just above $204, off 3.5%. The broader crypto market shed 2.2% over the past 24 hours, with total capitalization declining to $3.8 trillion, according to CoinGecko.

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El Salvador acquires $50M in gold for the first time since 1990 as Bitcoin bet continues

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Key Takeaways

  • The Central Reserve Bank of El Salvador has increased its total gold holdings to 58,105 troy ounces from 44,106 troy ounces.
  • Gold and silver prices recently reached record highs amid economic and political volatility.

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El Salvador’s Central Reserve Bank (BCR) announced on Thursday that it had acquired 13,999 troy ounces of gold, worth approximately $50 million, for the first time since 1990. The acquisition brings its total gold stash to 58,105 troy ounces, with an estimated value of $207 million.

Gold represents about 20% of global reserves held by central banks around the world, second only to dollar-denominated reserves. Global central banks have purchased more than a thousand tons of gold annually over the past three years, according to the central bank.

The bank stated that the move was part of its strategy to diversify its global portfolio. It followed gold’s recent rally to record levels above $3,500 per ounce.

The price movement comes as markets anticipate potential interest rate cuts by the US Federal Reserve, which is scheduled to meet on September 16 and 17.

“For the Central Reserve Bank of El Salvador, this acquisition represents a long-term positioning, based on a prudent balance in the composition of the assets that make up the country’s international reserves,” the BCR said in a translated statement.

“This operation reflects the commitment to strengthen the nation’s patrimony and ensures that the country maintains diversified, secure, and long-term reserves,” the bank added.

Alongside gold, El Salvador continues to expand its Bitcoin reserves. The government recently moved its national holdings into multiple new wallets to reduce vulnerability to potential quantum-computing threats.

Managed by the National Bitcoin Office, the system uses 14 addresses, each capable of holding up to 500 BTC.

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