Stocks

On March 27, 2026, Kraken's tokenized equities platform xStocks and Fundrise said they will tokenize the newly launched Fundrise Innovation Fund (NYSE: VCX) into a single onchain asset, VCXx. The product is designed to give eligible investors outside the U.S. access to a portfolio that includes exposure to late-stage private companies such as SpaceX, OpenAI, Anthropic and Databricks. VCXx is set to list on xStocks in the coming days, with geo-restrictions and eligibility rules applying.

On March 28, 2026, crypto-exposed equities sank as a broader risk-asset sell-off intensified, with Coinbase (COIN) and Galaxy Digital (GLXY) down nearly 7% and Gemini (GEMI) off almost 9%. Bitcoin traded below $66,000 during the drop, while the report also cited about $17 trillion in market value erased from peak levels and warned quarter-end flows could add volatility through March 31.

U.S.-listed spot Bitcoin ETFs posted $171.2 million in net withdrawals on Thursday, marking their biggest daily outflow in three weeks. Bitcoin fell below $67,000 on Friday for the first time since March 9 and was last quoted at $66,271 after sliding 6.3% over the past week.

Morgan Stanley has filed to launch a spot Bitcoin exchange-traded fund, proposing the Morgan Stanley Bitcoin Trust with a 0.14% annual fee. The trust would hold bitcoin directly, avoid leverage and derivatives, and list on NYSE Arca with custody shared by Bank of New York Mellon and Coinbase Custody. The filing comes as lawmakers weigh stablecoin and market-structure bills that could shape how crypto products compete with traditional banking.

GameStop said in a Tuesday 10-K filing that it still holds 4,710 BTC worth roughly $368 million, following two months of market speculation. The filing states 4,709 BTC are pledged as collateral via Coinbase Prime/Coinbase Credit and 1 BTC remains held directly, with no Bitcoin sale reported. It also details a covered-call strategy using short-dated call options with $105,000–$110,000 strike prices expiring March 27.

Morgan Stanley has filed with the U.S. Securities and Exchange Commission for a spot Bitcoin ETF that would charge a 0.14% expense ratio. The proposed 14-basis-point fee is below Grayscale's 0.15% Bitcoin Mini Trust and BlackRock's iShares Bitcoin Trust at 0.25%. The move highlights intensifying cost competition as issuers look to attract both institutional and retail flows.

A weekly roundup highlighted heightened cross-market volatility and fresh signs of traditional finance embracing digital assets, including Goldman Sachs pointing to a potential cyclical bottom for crypto. Separately, Fannie Mae said it will support crypto-backed mortgages in a product built with Better Home and Finance and Coinbase, allowing borrowers to use assets such as bitcoin or USDC held on Coinbase as part of a home purchase.

On March 25, a federal judge in California certified a class in a securities fraud case alleging Nvidia concealed more than $1 billion in cryptocurrency-driven GPU revenue from investors. The order allows the lawsuit to proceed on behalf of purchasers of Nvidia common stock from Aug. 10, 2017, to Nov. 15, 2018, but does not decide whether fraud occurred.

GameStop disclosed that it pledged 4,709 of its 4,710 Bitcoin to Coinbase as collateral for an over-the-counter covered call strategy, rather than selling the holdings. The options carried strike prices of $105,000 to $110,000 per BTC and ran through March 27, 2026, with Bitcoin around $66,000–$67,000 at the time described. The filing also reported a $0.7 million options liability and a $2.3 million unrealized gain, while reclassifying the collateralized BTC into a $368.3 million digital asset receivable as of January 31, 2026.

JPMorgan Chase strategists led by Fabio Bassi lowered the bank's 2026 year-end S&P 500 target from 7,500 to 7,200, citing geopolitical risks and tighter oil flows through the Strait of Hormuz. The team said reduced shipping traffic and higher energy prices could weigh on U.S. profits and growth; at the time of writing the index stood at 6,591 while WTI spot traded at $95.36 per barrel.