Bitwise Asset Management launched the first U.S. spot XRP exchange-traded fund on the New York Stock Exchange on November 20, 2025. The ETF offers regulated access to XRP for institutional and retail investors, with a management fee of 0.34% initially waived for up to $500 million in assets. XRP traded at $1.98 with a market capitalization of $119.32 billion at the time of reporting, according to CoinMarketCap.

Monad's public token sale on Coinbase has surpassed $130 million, reaching 69.6% of its $187.5 million target. The sale, which closes on November 23, raised $23.2 million in the past 24 hours and offers 7.5% of total MON supply at $0.025 per token. The mainnet is scheduled to launch on November 24.

Fidelity launched its Solana exchange-traded fund under ticker FSOL on November 18, 2025, with initial holdings of 23,400 SOL tokens valued at $3.3 million. Custody services are provided through BitGo, Coinbase, and Anchorage Digital. The launch coincides with similar ETF filings from VanEck and Canary Capital, reflecting growing institutional interest in Solana-based investment products.

Japan will reduce its cryptocurrency tax rate from a maximum of 55% to 20%, effective early 2026, subject to legislative approval. The Financial Services Agency proposes classifying 105 green-listed digital currencies as financial products under the new rate, aligning crypto taxation with stock market rates to attract more investors and boost market liquidity.

Japan's Financial Services Agency has proposed reclassifying 105 cryptocurrencies, including Bitcoin and Ethereum, as financial products under the Financial Instruments and Exchange Act. The initiative would apply a 20% flat capital gains tax rate to digital assets, replacing the current miscellaneous income tax structure that imposes rates up to 55%. Implementation is targeted for early 2026, pending parliamentary approval.

The Canary XRP ETF launched on Nasdaq on November 13, marking the first US-listed spot exchange-traded fund for XRP. The product recorded $243 million in net inflows during its debut trading session. The fund carries a 0.50% management fee and offers both cash and physical redemption options.

The Czech National Bank has established a $1 million experimental portfolio to evaluate Bitcoin and blockchain-based assets for potential reserve diversification. Governor Aleš Michl announced the initiative in January 2025. Findings are expected within two to three years.

VanEck has filed Form 8-A with the U.S. Securities and Exchange Commission, advancing its Solana cash ETF toward market launch. The ETF structure includes asset custody through Gemini Trust Company and Coinbase Custody, with on-chain Solana staking capabilities and a 0.30% management fee. Solana traded at approximately $145.63 with a market capitalization of $80.69 billion, data show.

Taiwan's Executive Yuan and Central Bank have launched a pilot program to study Bitcoin as a potential strategic reserve asset. The initiative will use confiscated Bitcoin from legal cases, with legislator Dr. Ju-chun Ko leading efforts to diversify financial reserves and reduce reliance on the US dollar. Premier Cho Jung-tai expects a comprehensive assessment by end-2025.