management

According to official news, BIT's subsidiary BIT Asset Management AG has been approved by FINMA and will list the first spot Bitcoin ETF (BBIT) in Europe on the Swiss Exchange in November. BBIT relies on Switzerland's high-net-worth wealth pool, providing a compliant channel for traditional bank accounts to directly allocate spot Bitcoin.In terms of business progress, BIT has launched services for US and Hong Kong stocks this year; in addition, its subsidiary Cactus Custody officially launched Swiss custody services last month, further building a safe and reliable bridge between traditional finance and crypto assets.

According to PR Newswire, J.P. Morgan Asset Management announced that its tokenized money market funds MONY and JLTXX have launched on the Solana blockchain, open to qualified U.S. investors. Qualified investors can subscribe and redeem through its institutional trading platform Morgan Money and receive token balances at their blockchain addresses.MONY is a private fund established under Rule 506(c), set to launch in December 2025. At that time, J.P. Morgan will be the first globally systemically important bank to launch a tokenized money market fund on a public blockchain. JLTXX is a government money market fund registered in the United States, designed to support stablecoin issuers under the framework of the GENIUS Act.

The Securities and Exchange Commission of Thailand (SEC) stated to Cointelegraph that several asset management companies have consulted with them regarding the launch of cryptocurrency ETFs, but no asset management company has submitted an application for the establishment of a crypto ETF. The SEC did not disclose the names of the relevant companies.The Thai SEC also mentioned that it is still too early to determine whether the first batch of products can be approved by the end of 2026; the timeline depends on the preparedness of the applying institutions, the progress of regulatory review, and investor protection requirements. The new regulations for crypto ETFs in Thailand took effect last Friday, allowing asset management companies to establish and list spot Bitcoin and Ethereum ETFs locally.Previously, some companies provided Bitcoin exposure to Thai investors through products linked to overseas ETFs. ONE Asset Management became the first Thai asset management company approved for a Bitcoin ETF-linked fund in 2024, followed by MFC Asset Management, which launched a fund investing through BlackRock iShares Bitcoin Trust (IBIT).

The National Development and Reform Commission has released a new version of the "Regulations on Foreign Investment Management," which better ensures the development and security of foreign investment from an institutional perspective. The regulations consist of 76 articles, divided into six chapters: General Principles, Guidance and Services for Foreign Investment, Supervision of Foreign Investment, Protection of Foreign Investment, Legal Responsibilities, and Supplementary Provisions.The regulations will take effect on December 1, 2026, at which point the "Regulations on Overseas Investment Management" issued in 2017 will be simultaneously abolished. The state supports investors in conducting foreign investment activities based on market principles and actively participating in international cooperation and competition. Investors enjoy the autonomy of foreign investment according to the law, making independent decisions, bearing risks independently, and being responsible for their own profits and losses.

According to security researcher Spreek (@spreekaway), the management keys of swETH and rswETH under Swell DAO are suspected to have been leaked, and attackers are raising the uncollateralized NAV (Net Asset Value) by up to 1% per hour. Currently, four malicious upgrade contracts have been detected and have not yet been queued for execution through multi-signature; if executed, they could steal approximately 2,500 ETH.Additionally, according to analysis by ADL (@ADLXBT), the management keys control the proxy administrator permissions. Once controlled by attackers, they can direct the swETH/rswETH proxy to malicious implementation contracts, triggering minting or withdrawal functions, thereby inflating the NAV without asset backing. Spreek stated that whether this incident is related to the Railway platform remains speculative; it is currently just a coincidence in timing, with no conclusive evidence available.

According to CoinDesk, data shows that the share of Bitcoin options in the cryptocurrency derivatives market continues to rise. The Bitcoin Volatility Index BVIV issuer Volmex stated that last week, the open interest of Bitcoin options accounted for slightly less than 60% of all Bitcoin derivatives open interest, up from about 50% at the beginning of the year, reflecting a market shift from purely betting on price direction to a greater focus on risk management.As of last Friday, the total open interest in the Bitcoin derivatives market was approximately $129 billion, of which U.S. Bitcoin ETF-related options accounted for about $36 billion, and BlackRock's IBIT options accounted for about $35 billion. Including options on native crypto platforms, the Bitcoin options market size is approximately $76 billion. ETF options currently account for about 47% of the Bitcoin options market, while the open interest of IBIT options has increased from about $11 billion in January 2025 to nearly $35 billion now.

According to a report by Xinhua News Agency, the Digital Renminbi Operation Management Center has publicly announced the digital renminbi infrastructure service system and launched two core achievements.The two core achievements are the Central Bank Digital Currency System (DCEPS) and the Digital Renminbi Smart Contract Ecological Service Framework (e-CNY SMART Contract).

Morgan Funds announced that Morgan Asset Management will invest $75 million (approximately 500 million RMB) of its own funds through related parties in the company's first actively managed ETF—Morgan Large Cap Growth Active Equity ETF. The related investment will commence after the fund is listed.

BlackRock, the world's largest investment management firm, submitted an application to the SEC on Monday to launch the iShares Bitcoin Managed Protect ETF. According to the filing, the fund aims to provide investors with upside returns from the iShares Bitcoin Trust ETF (IBIT) and similar Bitcoin exposure while seeking to offer a certain degree of downside protection.The iShares Bitcoin Trust, managed by BlackRock, currently has assets under management exceeding $65 billion, making it the largest Bitcoin ETF in its category. BlackRock launched IBIT in January 2024 and introduced the iShares Bitcoin Premium Income ETF in June of this year, which aims to provide investors with Bitcoin exposure while generating monthly options premium income.Bloomberg Intelligence analyst James Seyffart noted on the X platform that this is BlackRock's third Bitcoin ETF application, and its product line currently only covers Bitcoin and Ethereum, without venturing into other crypto assets. In recent years, other companies have launched ETFs tracking assets such as XRP, SOL, and DOGE.

The world's largest asset management company, BlackRock, is exploring the expansion of tokenized assets from the cryptocurrency market to the traditional financial sector, making them usable not only as collateral but also for payments. The tokenized money market fund BUIDL, launched by the company in 2024, has seen its assets under management grow to approximately $2.3 billion. Subsequently, related products were launched in the United States and Europe, and in September of this year, approval was granted to launch a digital liquidity fund denominated in Hong Kong dollars.BlackRock is shifting its focus from issuing stocks, bonds, and money market funds on blockchain networks to improving the transfer methods and collateral uses of related assets. Through tokenization, investors can directly transfer their held assets to other investors or use them as trading collateral without needing to redeem them for cash first. Nikhil Sharma, a director of the BlackRock digital assets team, stated that early users of tokenized funds were primarily participants in the cryptocurrency market, and the key moving forward is to establish a bridging mechanism that allows traditional financial institutions to use tokenized products without having to build separate independent systems.

Crypto podcast host Andy (@andyyy) posted a preview stating that a major AI product/feature will be released in the coming days, aimed at institutional-level on-chain asset management, with embedded risk strategies. It is reported that this product has already conducted pilot programs with several funds and asset management institutions.Andy previously accurately predicted the launch of the SEC's crypto exemption policy a week in advance.

According to the information displayed on the Qichacha page, Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year, with a registered capital of 5 million yuan. Claire Du is the legal representative and co-head of Solana China.Additionally, in August this year, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established with a registered capital of 10 million yuan, and Shanghai Solana Enterprise Management Co., Ltd. holds 45% of the shares in Yaokun Qiusuo Digital Technology Co., Ltd. Even Jiang, the co-head of the Solana Foundation in China, serves as the chairman of Yaokun Qiusuo, while Claire Du serves as a director.Public information shows that Yaokun Qiusuo primarily engages in technical services, technical development, technical consulting, technical exchanges, technology transfer, and technology promotion; computer system services; information system integration services; information technology consulting services; data processing services; internet data services; Internet of Things technology services; wholesale of computer software and hardware and auxiliary equipment; information consulting services (excluding licensed information consulting services); business management consulting; financial consulting; and conference and exhibition services (exhibitions abroad must be approved by relevant departments).It should be noted that "Solana" is a name chosen by a sole proprietorship, and there is currently no equity evidence proving that these two companies belong to the Solana Foundation.This week, members of the Solana team shared photos announcing the establishment of an office in Shanghai, China.

Arthur Hayes recently stated in an interview with The Rollup that the threat of quantum computing to cryptocurrencies is exaggerated, being a known and manageable risk rather than a reason to sell.Hayes believes that the truly practical protection lies in address hygiene, which means avoiding address reuse, using updated signature types, and so on. Most risks are concentrated among those who manage their addresses poorly. Hayes does not believe that quantum computing is a catalyst for panic or selling Bitcoin at this time.

Ramp, the corporate spending management platform, co-founder and CEO Eric Glyman posted on X that Ramp has completed a $1.85 billion financing round, reaching a valuation of $60 billion. Ramp provides companies with corporate cards, expense management, and financial process automation services.Eric Glyman stated that seven years ago he and co-founder Karim wrote the company's mission on a sticky note: "To save companies time and money." He mentioned that this mission has not changed, only the scale has become larger.

Bitwise analyst Ishmael Asad posted on the X platform that Bitwise is currently collaborating with over 20 wealth management platforms, with a total asset management scale of approximately $24 trillion. Bitwise is also promoting the approval of cryptocurrency exchange-traded products (ETPs) by relevant platforms so that their investment advisors can provide clients with channels for cryptocurrency allocation.Currently, among the institutions collaborating with Bitwise, 17 have approved cryptocurrency concept stock ETPs, 11 have approved Bitcoin ETPs, 6 have approved Ethereum ETPs, 6 have approved ETPs for the top ten cryptocurrency portfolios, and 2 have approved Solana ETPs, with 1 each approving Bitcoin and gold combination and XRP ETPs. Asad stated that since the first batch of spot cryptocurrency ETFs was launched in January 2024, the cumulative net inflow into cryptocurrency ETPs has been approximately $77 billion. Currently, there are over 50 spot cryptocurrency ETPs in the U.S. market, and the number is still increasing, covering BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE, cryptocurrency portfolios, and more. In addition, the interest of wealth management institutions in cryptocurrency assets is also continuously growing, and the related demand is extending from ETPs to cryptocurrency trading and custody, payment, and tokenization fields.

Morgan Stanley's third-quarter profit grew, with revenue from stock trading reaching $5.8 billion, exceeding market expectations of $4.9 billion.The wealth management business attracted a record $232 billion in net new assets, expanding its total scale to $8.4 trillion.

Recently, Gate founder and CEO Dr. Han was interviewed by Fortune, sharing Gate's strategic plan to transition from a cryptocurrency trading platform to an integrated financial application.Dr. Han pointed out that traditional finance and the crypto world have long been disconnected, requiring users to switch between banks, brokerages, cryptocurrency exchanges, and payment tools. During TOKEN2049 Singapore, Gate launched Gate Money and proposed the vision of "One Gate, Everything Money," integrating fiat currency, digital assets, stocks, ETFs, gold, bank accounts, and payment settlements into a single account app. With the Gate Card, cryptocurrency, fiat currency, tokenized gold, or stocks can be directly used for daily payments, eliminating the need to hold large amounts of low-yield cash for expenses; users in eligible regions can also open a global bank account in their name online, which will support receiving payments in over 60 local currencies in the future.Dr. Han stated, "No one needs to sell stocks to buy a cup of coffee, nor do they need to hold large amounts of cash for emergencies."

Binance announced that the asset management scale of bStocks has exceeded 888 million USD. Users can use eligible bStocks stock tokens for full-margin leverage accounts and unified margin accounts, enriching collateral options and enhancing the flexibility of fund usage. As of the time of reporting, bStocks has supported 95 types of stock tokens as collateral, with applications extending from asset holding to scenarios such as collateral and leveraged trading.Starting from September 21, the bStocks collateral and related leveraged trading functions will be further opened to regular, VIP 1, and VIP 2 accounts, which were previously only available to VIP 3 and above users. More users must meet requirements such as suitability assessments before they can use these features. For regular users, VIP 1, and VIP 2, Binance has introduced additional risk control measures, requiring users to pass a suitability assessment questionnaire before using bStocks as collateral or engaging in related leveraged trading.