The CBOE BZX Exchange has approved the listing of the 21Shares XRP ETF (TOXR), which charges a 0.3% annual sponsor fee. At press time, XRP was trading at $2.01 after a 2.44% daily decline as trading desks awaited remaining SEC steps for the fund’s launch, bringing the number of U.S. spot XRP funds on the market to five.

On 09 December, Bitcoin-native firm Twenty One Capital began trading on the NYSE under ticker XXI after completing its SPAC merger with Cantor Equity Partners. Its shares fell by nearly 20% on the first day. CEO Jack Mallers has emphasized plans to build Bitcoin-related utility services and multiple business lines. The stock trades at a steep discount to its more than $3.97 billion Bitcoin treasury as mNAV valuations for Digital Asset Treasuries come under growing scrutiny.

CoinShares Head of Research James Butterfill defended Tether's financial stability after BitMEX Co-Founder Arthur Hayes raised concerns about potential insolvency risks. Tether holds approximately $181 billion in reserves against $174.45 billion in liabilities, maintaining a $6.55 billion surplus. USDT recorded $719.83 billion in on-chain transaction volume in November.

Grayscale has filed an S-1 registration statement with the SEC for the Grayscale Sui Trust, a spot ETF designed to track SUI token prices. The filing comes shortly after 21Shares launched a 2x leveraged Sui ETF on Nasdaq under ticker TXXS. SUI traded at $1.53 at press time, down 5.01% over 24 hours.

BlackRock purchased $28.78 million worth of ETH to support its blockchain-based BUIDL fund infrastructure. The asset manager now holds 3.94 million ETH, making it the third-largest holder globally. Separately, BitMine Immersion added 69,822 ETH to its treasury, bringing its total position to 3.63 million tokens.

Franklin Templeton has launched the Franklin Solana ETF (SOEZ) on NYSE Arca, offering direct exposure to Solana's price movements with integrated staking functionality. The fund, managed by the firm overseeing more than $1.6 trillion in assets, can stake up to 100% of its SOL holdings to generate additional rewards for investors. SOEZ joins five other institutional Solana products currently trading in the market.

Strategy, the world's largest corporate Bitcoin holder, is lobbying MSCI to prevent exclusion from major indices ahead of a January 15 decision. MSCI is reviewing whether companies primarily focused on cryptocurrency acquisition should be treated as ineligible investment funds. JPMorgan estimates that exclusion could trigger between $2.8 billion and $8.8 billion in forced outflows from passive funds tracking MSCI indices.

YZi Labs, the investment firm associated with Binance co-founder Changpeng Zhao, has filed a consent statement with the SEC seeking to reshape the board of CEA Industries (BNC), a publicly-traded company managing a substantial BNB treasury. The firm is requesting shareholder support to expand the board, install its own nominees, and reverse recent bylaw changes. BNC's treasury holds between 480,000 and 515,000 BNB tokens valued at approximately $412 million.

Asset manager 21Shares has received regulatory clearance to launch its U.S. spot XRP exchange-traded fund, with trading set to begin December 1 under ticker TOXR on Cboe BZX Exchange. The approval comes as existing XRP ETF products recorded $666 million in net inflows over the past month with no outflow days.