Total Land Rush
According to Bloomberg’s James Seyffart, there have been 155 ETF filings tracking 35 different coins since January 2024. Solana leads with 23 filings, followed by XRP (20), Ethereum (16), Litecoin (5), DOGE (4), and AVAX (4). Notably, these numbers are only the filings. The list doesn’t include already-approved ETFs on the market, but rather just the ones waiting in line. Bloomberg’s other analyst Eric Balchunas forecasts over ~200 such ETPs could launch within the next year. Read more →
A Lot Happening on The Hill Today
Crypto leaders are descending on Capitol Hill today for market structure talks. This morning, Trump’s crypto/AI lead David Sacks briefed Senate Banking Republicans. Hours later, Democratic Senator Gilibrand hosted a roundtable, joined by ~10 industry execs like Brain Armstrong, Mike Novogratz, and Kraken’s Dave Ripley, to reset dialogue after leaked DeFi draft language derailed talks. Then finally, many of the same leaders are meeting with Republican Senators hosted by Tim Scott and Cynthia Lummis. Bottom line? Both sides will be tested a fresh, bipartisan restart – a concerted effort to get something to the President’s desk sooner rather than later, despite the ongoing government shutdown. Read more →
Heading to D.C. tomorrow, excited to roll up our sleeves with key decision makers to get market structure to @POTUS’s desk.
Momentum for market structure clarity is at an all-time high, which is why we've seen both sides commit to getting to work on a bill, even during a
— #Brian Armstrong (#@brian_armstrong)
10:08 PM • Oct 21, 2025
Related: Given whats all at stake this week, it’s no coincidence industry critic Elizabeth Warren came out swinging just yesterday.
FalconX to Acquire ETF Manager 21shares
While FalconX isn’t a company most people (even those in crypto) are aware of, behind the scenes they have facilitated more than $2 trillion in crypto trades for 2,000+ institutional clients. Not only that, but the company was most recently valued at $8 billion in 2022 after raising $150 million. 21shares on the other hand is one of the largest crypto-focused ETF managers with $11 billion in assets across 55 funds (for example ARKB, the bitcoin ETF in partnership with Ark Invest). We expect FalconX to push now for an IPO soon. Read more →
The NHL has reached licensing agreements with prediction-market startups Kalshi and Polymarket Link»
GoldenTree Veteran Launches $300M Crypto-Focused Hedge Fund Link»
DraftKings acquires predictions platform Railbird Link»
Polymarket will act as clearinghouse on backend Link»
Kadena winds down operations, KDA token drops 60% Link»
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