• Bitcoin and Ether traded within relatively narrow ranges over the week, with Bitcoin edging +0.46% higher and Ether slipping -0.06%, suggesting consolidation rather than a meaningful shift in market direction.
• Overall market capitalisation rose +1.52% to $2.68 trillion while Bitcoin dominance fell to 59.2%, indicating that performance broadened modestly beyond Bitcoin despite limited movement in the two largest assets.
• The combination of firmer market breadth and subdued headline price moves suggests capital was rotating selectively across the market rather than driving a broad risk-on move.

Bitcoin ETFs attract nearly $1 billion as investor demand strengthens

• US spot Bitcoin ETFs recorded $986.9 million of net inflows during the week, extending their positive streak to three consecutive weeks. BlackRock’s IBIT accounted for $691.5 million of the total.
• Spot Ether ETFs added another $218.4 million, taking combined weekly inflows across Bitcoin and Ether products above $1.2 billion as regulated investment vehicles continued to attract capital despite relatively subdued spot-market performance.

Bank of America, Wells Fargo and Goldman Sachs among 21 institutions-backed stablecoin venture

• Twenty-one international financial institutions have committed to establish a jointly owned company supporting the issuance of stablecoins. Participants include Bank of America, Citi, Goldman Sachs, Wells Fargo, Deutsche Bank, UBS, Santander, Lloyds Banking Group, MUFG, Fidelity Investments and WisdomTree.
• The initial focus will be a US dollar-denominated stablecoin designed for use cases including cross-border payments and digital-asset settlement, with a euro-denominated product prioritised as the group later expands into additional G7 currencies.

Standard Chartered brings institutional spot crypto trading to UAE

• Standard Chartered launched institutional Bitcoin and Ether spot trading in the UAE, becoming the first ‘Global Systemically Important Bank’ to offer the capability in the market and extending its existing digital asset custody offering.
• Eligible clients can access deliverable Bitcoin and Ether through the bank’s existing electronic trading channels, bringing digital assets onto infrastructure and workflows already familiar to institutional FX participants.

Securitize and Socios.com plan tokenised professional-sports equity

• Securitize and Socios.com formed a partnership to develop regulated tokenised equity offerings representing minority ownership interests in professional sports teams, working with clubs, existing owners and institutional investors.
• The proposed structure would move blockchain-based sports products beyond fan tokens and into legally recognised equity interests, extending tokenisation into a private market asset class traditionally characterised by high entry thresholds and limited liquidity.

Bitwise launches institutional RWA lending vault on Morpho

• Bitwise launched its Premium Real World Asset (RWA) Vault, or “PAPY”, allowing investors to deposit AUSD that is lent programmatically against a diversified pool of overcollateralised tokenised real world assets on the Morpho protocol.
• The vault targets a variable 5-6% yield and is designed to generate returns from real world credit rather than predominantly crypto-native collateral, illustrating how established asset managers are moving further into onchain lending infrastructure.

This weekly financial roundup is for informational purposes only and is not financial, investment, or legal advice. Information is taken from public sources and Nickel takes no responsibility for its veracity. The information was sourced around the time of publication but may become out of date, even over short periods of time. Consult a professional before acting.