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.

BlackRock received 4,044 BTC valued at $354 million and 80,121 ETH worth $235 million from Coinbase, data show. The transfers represent ETF redemptions as market makers completed withdrawal processes, marking capital exiting the fund structure rather than institutional buying. Bitcoin traded near $90,898 while Ethereum remained above $3,000 during the transfers.

Ethereum spot ETFs attracted $175.2 million in net inflows across November 24-25, according to Farside Investors data. BlackRock's ETHA led with $92.6 million on November 24, marking its first positive flow in two weeks, while Fidelity's FETH contributed $47.5 million the following day. ETH traded at approximately $2,913, down over 30% from its recent peak, as institutional demand contrasts with continued price weakness below the $3,000 threshold.

U.S. spot Bitcoin ETFs recorded nearly $3 billion in net outflows during November, with a single-day record of $903.2 million on November 20. BlackRock's IBIT led withdrawals with $355.5 million, followed by Grayscale's GBTC at $199.35 million. Data from Farside Investors show the outflows coincided with Bitcoin falling 7.35% to $84,432.53.

Bitcoin production costs have climbed to $112,025 per coin while the cryptocurrency trades around $86,000, creating a significant gap between mining expenses and market value. SwanDesk CEO Jacob King states that miner profitability has reached its lowest level in a decade. The cost-price disparity is forcing some operations to liquidate holdings and may trigger network contraction in coming months.

21Shares has secured automatic approval from the U.S. Securities and Exchange Commission for a spot XRP exchange-traded fund through its Form 8-A filing. The fund will list on Cboe BZX Exchange under the ticker TOXR, with trading expected to begin next week pending final certification.