Franklin Templeton has completed the final SEC filing for its Solana exchange-traded fund, positioning the product for imminent trading under ticker SOEZ on NYSE Arca. The fund will charge an annual fee of 0.19%, waived on the first $5 billion in assets through May 2026. The move follows strong inflows into single-asset crypto ETFs, including the firm's XRP product, which attracted nearly $70 million in its first two days.

The Monad blockchain experienced fraudulent ERC-20 transfer activity less than two days after its mainnet launch. Attackers exploited the token standard to generate fake transaction records on block explorers, creating misleading wallet activity without moving actual funds or obtaining user signatures. James Hunsaker, CTO and co-founder of Monad, confirmed the issue stems from the ERC-20 interface standard rather than network vulnerabilities.

JPMorgan has launched a structured note tied to BlackRock's spot Bitcoin ETF (IBIT), according to a filing with the U.S. Securities and Exchange Commission. The investment vehicle targets institutional clients and offers tiered returns based on IBIT's price performance. Investors can earn a 16% return if the ETF reaches its target price by 2026, with an extended opportunity window through 2028 if the initial target is not met.

U.S.-listed spot Bitcoin exchange-traded funds recorded $129 million in net inflows on November 25, while Ethereum-focused ETFs attracted $78 million. Fidelity's Bitcoin fund led with $170.80 million in inflows, and BlackRock's Ethereum trust topped Ether products with $46.09 million. The inflows marked the third consecutive day of positive flows for Ethereum funds.

BlackRock's spot Bitcoin ETF recorded net outflows exceeding $66 million across November 24-25, according to Coinglass data. IBIT saw $149.1 million in redemptions on November 24, followed by $83 million in inflows the next day. The withdrawals occurred as Bitcoin rebounded toward $88,000, marking a shift from IBIT's previous position as the dominant inflow leader among U.S. spot Bitcoin ETFs.

Bitcoin's recovery attempt has stalled around $87,500-$88,000 after dropping below $81,000, prompting debate over whether a bottom has formed. Bearish social sentiment, negative MVRV ratios, and six consecutive weeks of whale selling suggest further downside risk. Analysts note a short-term bounce above $90,000 remains possible, though momentum indicators point to continued weakness.

Texas completed a $5 million purchase of BlackRock's iShares Bitcoin Trust on November 20, with an additional $5 million allocated for direct Bitcoin acquisition. Lee Bratcher of the Texas Blockchain Council confirmed the two-phase approach, stating the ETF position serves as an interim step pending custody infrastructure completion. The $10 million total allocation comes from state general revenue under a framework approved in June that permits digital asset holdings exceeding $500 billion in market capitalization.

Bitcoin has maintained support above $80,000 since dropping to that level on November 21. On-chain data show institutional wallets reducing positions while mid-sized holders accumulate. Technical indicators point to weakening selling pressure, though distribution from large whale cohorts continues.