Dear reader,
SPIRIT BLOCKCHAIN CAPITAL: EXPANDING INSTITUTIONAL ACCESS
This week we announced the launch of our first suite of Exchange Traded Products (ETPs) on the SIX Swiss Exchange and Deutsche Börse Frankfurt. The Spirit Ethereum Yield+ ETP and Spirit Solana Yield+ ETP offer institutional-grade entry points into Ethereum and Solana staking strategies. Spirit has partnered with Issuance.Swiss AG to transform institutional staking into a seamless, accessible ETP format, providing investors with a new way to capture staking rewards within a trusted framework.
“Our ETPs represent just the beginning,” said Lewis Bateman, CEO of Spirit Blockchain Capital. “This launch demonstrates how we are uniquely positioned to provide structured, compliant, and yield-generating blockchain investment solutions. Our model is designed for efficiency, enabling us to rapidly expand our offerings across different digital asset categories.”
Read the official press release here: Spirit Blockchain Capital Unveils Innovative Crypto ETPs on SIX and Deutsche Börse, Pioneering the Future of Digital Asset Investing
STRATEGIC COLLABORATION WITH EOS NETWORK (VAULTA)
In addition to the ETP launches, EOS Network recently announced its strategic rebranding to Vaulta, focusing on Web3 banking with full support from Spirit Blockchain Capital. Spirit views this transformation as a crucial milestone in the evolution of Web3 banking, reinforcing its commitment to integrating blockchain technology into traditional finance. With EOS Network Ventures as a key investor, Spirit will collaborate with EOS to expand decentralized finance and accelerate blockchain’s role in modern banking. This transition highlights the broader shift towards more efficient, transparent financial ecosystems—an evolution that Spirit is actively shaping through its strategic initiatives.
Read the official press release here: Spirit Blockchain Capital Supports EOS Network’s Vaulta
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THIS WEEK IN CRYPTO
As of this morning, markets are showing mixed performance with notable impacts from recent policy developments and commodity trends.
The U.S. stock market is experiencing some volatility. The S&P 500 closed down 1% in the previous session, while the Dow Jones Industrial Average fell by over 100 points. Futures for major indices are relatively stable, with S&P 500 and Nasdaq 100 futures showing a modest rise of about 0.1%.
Asian stocks have mostly declined as investors grapple with uncertainties brought by the latest tariff announcements. European markets are likely to follow suit, with global shares skidding as the April 2 deadline for additional tariffs approaches.
The broader cryptocurrency market is experiencing a notable correction this week as most major assets face downward pressure. At time of writing, Bitcoin was trading at $85,000, down 2% over the last 24 hours, while Ethereum had slipped below a critical support level to $1,890, representing a steeper 6.3% decline. Other significant altcoins including XRP, Solana, and Cardano have similarly retreated by approximately 5%.
This pullback coincides with volatility in traditional financial markets, as investors respond to President Trump’s recent tariff announcements. The April 2 deadline for additional tariffs creates an atmosphere of cautious trading across global markets.
Despite this bearish momentum, the total cryptocurrency market capitalization continues to demonstrate long-term resilience, suggesting that institutional interest remains robust even as retail sentiment wavers.
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INSTITUTIONAL ADOPTION ACCELERATES
While market prices may be experiencing temporary turbulence, institutional adoption of cryptocurrency continues at an unprecedented pace:
Trump Media and Crypto.com
Trump Media and Technology Group (TMTG) has announced a strategic partnership with Crypto.com to develop a series of exchange-traded funds under the “Truth.Fi” brand. These ETFs will offer investors exposure to Bitcoin and Cronos, along with various industry sectors, pending regulatory approval. This move represents a significant mainstream endorsement that could potentially attract traditional investors still hesitating at the crypto threshold.
GameStop Goes Bitcoin
In a move reminiscent of MicroStrategy’s Bitcoin strategy, GameStop’s board unanimously approved allocating corporate funds toward Bitcoin investments. This decision propelled GameStop’s stock upward by 7% in after-hours trading, demonstrating how cryptocurrency exposure continues to be viewed favorably by equity markets.
Options Market Reaches New Heights
A record $16.5 billion in Bitcoin options are set to expire today, potentially introducing additional volatility as these contracts settle. The unprecedented size of these expirations highlights the growing sophistication of crypto derivatives markets and their increasing importance in price discovery.
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PERFORMERS TO WATCH
While most cryptocurrencies have struggled this week, several assets have bucked the trend:
Freysa AI (FAI): Emerging as this week’s standout performer with a remarkable 22.49% gain. This AI-focused token continues to benefit from the convergence of artificial intelligence and blockchain technology.
Cronos (CRO): Showing impressive resilience with a 5% increase over the past 24 hours, likely bolstered by its inclusion in the upcoming Truth.Fi ETF lineup.
Safe-Haven Assets: Both gold and Bitcoin are increasingly being viewed through a similar lens. At time of writing, gold futures were trading at $3,111.40, up 1.65%, while Bitcoin’s relatively modest decline compared to altcoins reinforces its status as “digital gold” during periods of market uncertainty.
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LOOKING AHEAD
The cryptocurrency market appears poised for continued volatility in the near term, particularly as geopolitical factors and regulatory developments unfold. The upcoming tariff implementation represents a potential inflection point that could affect sentiment across asset classes.
However, the fundamental trajectory of corporate adoption remains firmly positive. Treasury diversification strategies, traditional financial products, and strategic blockchain partnerships continue to proliferate, suggesting that underneath the day-to-day price fluctuations, the infrastructure for widespread crypto integration continues to strengthen.
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This Week’s Headlines
GameStop’s Bitcoin Move Looks Bold—But It Might Be Brilliant: GameStop’s Bitcoin move left many scratching their heads. But behind the confusion is a clear, calculated strategy that more CFOs should be watching closely.
UK Regulator Intends to Start Authorizing Crypto Firms in 2026: The FCA’s intention is to create new rules for a more stringent regulatory regime, its director of payments said.
Sei Foundation Explores Buying 23andMe to Put Genetic Data on Blockchain: If the acquisition proceeds, the foundation plans to integrate 23andMe’s data onto its blockchain and give users ownership of their genetic data.
Spot bitcoin ETFs report 10th straight day of net inflows, analyst says bitcoin demand persists: U.S. spot bitcoin ETFs saw $89 million in net inflows on Thursday, marking their 10th consecutive day of positive flows.
Crypto.com says SEC’s investigation has been shut with no plan to pursue charges: Crypto.com sued the SEC in October after it said it received a Wells notice from the agency, meaning that the SEC could be bringing charges.
Tokenized Gold Hits Record $1.4B Market Cap as Trading Volumes Soar in March: The overall stablecoin market, including tokens pegged to currencies and commodities, crossed $230 billion rising for the 18th consecutive month.
Bitcoin Whales Bought $11B of BTC in Two Weeks as Confidence Grew: Whales are boosting their coin stashes, showing confidence in BTC’s prospects despite lingering macroeconomic uncertainty.
Panama introduces legislation to legalize voluntary crypto payments, regulate industry: The draft bill also creates a regulatory framework for Virtual Asset Service Providers (VASPs), including wallets, exchanges, and custody platforms.
Notable Deals and Fundraising
CoreWeave Goes Public at $40 Per Share, Raises $1.5 Billion: AI powerhouse Nvidia aims to anchor a $250 million order, Bloomberg reported.
Circle and Near Invest $14M in Remittances App for Indian Diaspora: The app currently has 500,000 monthly active users.
Warlock Labs Raises $8M to Shake Up On-Chain Order Flow: The company caught checks from Polychain, Reciprocal and others.
Chronicle raises $12M from Strobe, Brevan Howard: Chronicle is the first oracle on Ethereum, and it’s headed up by a group — including founder Niklas Kunkel — who were part of the founding team at MakerDAO (now Sky).
Tabit Insurance Raises $40 Million Bitcoin-Funded Insurance Facility: Tabit becomes the first P&C insurer to hold all regulatory reserves in BTC, leveraging crypto liquidity for USD risk transfer.
Fidelity Acquires 1,120 Bitcoin Worth $97.1 Million on March 27: This move is seen as a bullish indicator for the cryptocurrency market, reflecting increased institutional interest in Bitcoin.
The Blockchain Group Acquires 580 Bitcoin for €47.3 Million, Total Holdings Reach 620 BTC Valued at €50.5 Million with 709.8% YTD Yield.
Have a great week!
