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.

The United Arab Emirates enacted Federal Decree No. 6 of 2025, bringing decentralized finance and Web3 operations under central bank oversight effective September 16, 2025. The decree mandates licensing for payment, lending, trading, and custody services by September 2026. Non-compliance carries penalties up to 1 billion dirhams, approximately $272 million.

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.