WisdomTree launched the WisdomTree Physical Lido Staked Ether ETP (LIST) on December 4, 2025, the first European exchange-traded product fully collateralized by Lido's stETH. The product debuted with approximately $50 million in assets under management and trades on Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext in Paris and Amsterdam.

Indiana lawmakers have introduced House Bill 1042, legislation authorizing public pension funds and retirement plans to invest in cryptocurrency exchange-traded funds. The bill requires certain public retirement programs, including the state's 529 education savings plan, to offer crypto ETF options to participants. These funds would gain authorization to invest on a voluntary basis.

HashKey Holdings Ltd. plans to begin accepting investor orders for its Hong Kong initial public offering as early as next week. The cryptocurrency exchange operator aims to raise at least $200 million, according to Bloomberg. The company may list shares before the end of December, though the offering size and timing remain subject to market conditions.

The Commodity Futures Trading Commission has authorized spot cryptocurrency trading on federally regulated U.S. futures exchanges. Bitnomial, a U.S.-based derivatives platform, will launch next week, offering retail and institutional investors access to spot, futures, and options trading under CFTC supervision. The move aligns with efforts to establish regulated alternatives to offshore platforms.

Kraken has completed its acquisition of Backed Finance AG to accelerate expansion of its xStocks tokenized equities platform. The platform surpassed $10 billion in trading volume within six months of launch. The deal consolidates issuance, trading, and settlement operations under Kraken's infrastructure.

Grayscale launched GDOG, the first spot Dogecoin exchange-traded fund in the United States, on NYSE Arca on November 24, 2025. The product carries a standard management fee of 0.35%, waived to 0% for the first $1 billion in assets under management or the initial three months of operation, whichever occurs first. Dogecoin is trading at $0.1452, down 8.25% over the past week.

The Bank of England has published a consultation paper proposing oversight rules for systemic sterling-denominated stablecoins used in payments and settlements. The framework requires issuers to hold at least 40% of reserves at the central bank and up to 60% in short-term UK government debt. Temporary holding limits are set at £20,000 for individuals and £10 million for businesses during the implementation phase.

UBS has completed the world's first live tokenized fund transaction in collaboration with UBS Tokenize and DigiFT. The transaction processed subscription and redemption requests for the UBS USD Money Market Investment Fund Token (uMINT) on Ethereum. The operation utilized Chainlink's Digital Transfer Agent (DTA) technical standard to automate fund workflows and enhance efficiency across the fund lifecycle.

ETHZilla Corporation has sold $40 million in Ethereum to finance share repurchases under its $250 million board-approved buyback authorization. The company has deployed $12 million of the proceeds to repurchase approximately 600,000 common shares, according to company disclosures. Shares surged 14.53% to $20.65 on October 27, 2025.