BizwavemediaPersonal Finance and Crypto Updates

Silver surged over 5% on Tuesday, breaking above $95 per ounce to reach a new all-time high as geopolitical tensions continue to support precious metals demand.

The metal has now gained more than 30% year-to-date and 210% since last year, with its market capitalization surpassing $5.3 trillion.

Gold also reached a new all-time high near $4,750, rising over 3% on the day. Both precious metals have been setting fresh records almost daily since early October 2025.

The rally comes amid heightened geopolitical uncertainty. The US has threatened to impose tariffs on certain European nations in its push to acquire Greenland, with warnings of significantly larger tariffs by June. European nations have responded with their own retaliatory tariff measures.

Traditional equity markets weakened as precious metals surged. The S&P 500 fell 1.5% on the day, while the Nasdaq declined 0.6%.

Digital assets also showed weakness. Bitcoin briefly surpassed $95,000 last week alongside fresh ETF inflows, but the strength proved short-lived. The largest crypto asset by market cap has since retraced all of last week’s gains and was trading back near $90,000.

Silver was last trading near $95 at press time.

Asset manager BlackRock transferred around 3,970 Bitcoin worth $357 million and 82,813 Ethereum valued at $247 million to Coinbase Prime today, according to data from Arkham Intelligence.

Institutional deposits to exchanges often signal trading, rebalancing, or liquidity activity.

BlackRock’s moves follow heavy outflows from its spot Bitcoin and Ethereum ETFs, with IBIT shedding $357 million and ETHA losing $250 million, data from Farside Investors shows.

The US spot Bitcoin and Ethereum ETF market saw broad red on Wednesday, with eleven Bitcoin funds logging nearly $709 million in net outflows, their largest single-day withdrawals since late November 2025, amid Greenland tariff-driven market jitters.

BitGo Holdings is set to debut on the New York Stock Exchange today after pricing its IPO at $18 per share, above its marketed range. The offering raised $212.8 million, valuing the crypto custody firm at $2.2 billion and marking the first major crypto IPO of 2026.

Founded in 2013, BitGo provides institutional-grade custody, wallet security, staking, and treasury services, securing tens of billions in assets for a global client base.

In early December, BitGo received conditional approval from the US Office of the Comptroller of the Currency to become a national trust bank. The designation allows the firm to offer federally regulated custody services nationwide without state-by-state licensing.

The OCC move reflects broader efforts to integrate crypto firms into the traditional financial system. Similar conditional approvals were granted to Fidelity Digital Assets, Paxos, Circle, and Ripple in late 2025.

BitGo’s listing follows strong crypto offerings in 2025. Circle, issuer of the USDC stablecoin, surged on debut, while Figure, a blockchain infrastructure firm, also posted strong early gains.

The company’s NYSE debut comes as digital assets remain under pressure, with Bitcoin struggling to regain momentum above $90,000 since slipping below that level in November 2025. The IPO could serve as a barometer of investor appetite for crypto markets moving deeper into 2026.

SpaceX is advancing toward a public offering in 2026, selecting Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as lead advisers and underwriters for what could become one of the largest IPOs in history, according to a Financial Times report.

The rocket maker and satellite operator founded by Elon Musk could seek to raise more than $25 billion, according to ongoing discussions. No final decisions have been made, but the process signals serious momentum toward a public debut.

SpaceX has seen its valuation soar through secondary share sales, at one point exceeding $800 billion. Analysts expect a 2026 listing could push its market value past the $1 trillion mark.

The potential offering reflects the rapid expansion of SpaceX’s Starlink satellite-internet business, as well as its heavy-lift Starship rocket program and other long-term projects.

A successful SpaceX IPO could set new benchmarks for fundraising and valuation, potentially surpassing Saudi Aramco’s $29 billion record from 2019.

Bitwise Asset Management, in partnership with Proficio Capital Partners, has rolled out a new exchange-traded fund that provides exposure to Bitcoin, gold, silver, precious metals, and mining equities.

The fund, called the Bitwise Proficio Currency Debasement ETF (BPRO), aims to help investors hedge against the declining purchasing power of fiat currencies, targeting a minimum 25% allocation to gold while adjusting exposures based on market conditions.

“BPRO seeks to give investors a way to shield portfolios from the unstoppable train of reckless spending, rising deficits, and money printing by governments worldwide by investing in debasement-resistant assets that can’t be easily inflated or manipulated,” Bitwise said in a statement.

“Currency debasement isn’t just a theoretical risk; it is an active tax on every dollar an investor saves. BPRO represents the evolution of our wealth preservation mission,” Bob Haber, CIO at Proficio, stated.

The ETF, leveraging Bitwise’s crypto expertise and Proficio’s long-standing experience in precious metals, is now trading on the NYSE and charges an annual management fee of 0.96%.

Ledger, the Paris-based crypto security company, is preparing for an initial public offering in the US that could value the firm at more than $4 billion, according to FT.

The hardware wallet maker is working with Goldman Sachs, Jefferies, and Barclays on the deal, which could take place as soon as this year.

“Money is in New York today for crypto, it’s nowhere else in the world, it’s certainly not in Europe,” CEO Pascal Gauthier told the FT in November.

Rising demand from security-conscious crypto investors drove Ledger to a record in 2025, generating triple-digit millions in revenue, according to Gauthier. Ledger has sold over 7 million devices worldwide.

Ledger, founded in 2014, reached a $1.5 billion valuation after its 2023 funding round, with investors including Singapore’s True Global Ventures and 10T Holdings.

The potential listing follows a wave of crypto companies going public in the US since President Donald Trump returned to the White House a year ago. His administration has championed digital asset businesses and made crypto a national strategic priority.

Crypto custodian BitGo started trading on the New York Stock Exchange this week, becoming the first digital asset IPO of 2026. Stablecoin issuer Circle and exchanges Gemini and Bullish all went public in the US in 2025.

CertiK, a New York based Web3 security firm, is preparing a roadmap toward a public listing. Founder Gu Ronghui said in an interview with CBS that the company is actively pursuing plans to go public and aims to become the leading Web3 infrastructure stock.

The move follows a strategic investment from Binance, which has become CertiK’s largest investor to date.

The firm is accelerating development of Skynet Enterprise, an institutional-grade security platform designed to meet transparency and risk monitoring requirements for regulators and large financial institutions.

CertiK is also expanding its core auditing business through formal verification technology powered by its proprietary Spoq engine. The framework integrates artificial intelligence to improve verification efficiency and scalability.

CertiK joins a growing list of crypto firms exploring public listings as institutional investor interest in the sector accelerates. Last year, USDC issuer Circle raised $1 billion in its IPO, while companies including Bullish, Gemini, Galaxy Digital, Figure, and Exodus also tapped public markets.

The trend is expected to continue in 2026, with BitGo debuting yesterday on the New York Stock Exchange after raising $213 million in its IPO, and firms such as Kraken, Ledger, Consensys, and Animoca Brands preparing their own offerings. With investor appetite rising, CertiK’s most recent private funding rounds value the company at over $2 billion.