News Heat Trend
Project Overview
21Shares is one of the world's largest issuers of cryptocurrency exchange-traded products (ETPs). It aims to provide all investors with an easy, secure, and regulated way to buy, sell, and short cryptocurrency through existing bank and brokerage accounts.
21Shares Launches Synthetic Anthropic ETP on Vienna MTF
According to The Defiant, crypto asset manager 21Shares has listed its synthetic exchange-traded product (ETP) for Anthropic (ticker: CLAU) on the Vienna Multilateral Trading Facility (Vienna MTF), with trading beginning on October 13. The product is designed to allow investors to gain exposure to the market-implied valuation of AI company Anthropic without requiring direct ownership of the stock.
21Shares Launches Synthetic ETP for Anthropic, Offering Pre-IPO Valuation Exposure to AI Unicorn
Odaily News: 21Shares has launched a synthetic exchange-traded product (ETP) based on Anthropic's valuation on the Vienna Stock Exchange, with ticker symbol CLAU, providing investors with unleveraged exposure to Anthropic's pre-IPO valuation.The ETP does not represent direct ownership of Anthropic shares, whether before the company's listing or after the IPO is completed. Its return exposure comes from a Total Return Swap that tracks a reference rate constructed by Kaiko, which is based on Anthropic perpetual futures prices on Binance.21Shares stated that the product is designed to allow investors to participate in the valuation changes of private AI companies through traditional financial market instruments, providing a new investment channel for high-growth technology companies that have not yet gone public.
Bitcoin bear market's three main causes revealed, but the industry expects a potential rebound to $100,000 by year-end
Odaily Bitcoin has been declining since October last year, with its current price hovering around half of its all-time high of $126,000, indicating the market remains in a deep bear phase. Multiple industry analysts believe the current pressure on Bitcoin stems primarily from three factors: the four-year cycle, macroeconomic inflationary pressures, and market leverage liquidations.Matt Hougan, Chief Investment Officer at Bitwise, stated that Bitcoin's long-standing "four-year cycle" continues to influence investor psychology. Historically, Bitcoin typically undergoes approximately three years of an upward cycle followed by a one-year correction period. Investors have developed cyclical expectations and began reducing some long-term holdings towards the end of 2025.Additionally, the macroeconomic environment is a significant drag on Bitcoin. Zach Pandl, Head of Research at Grayscale, pointed out that rising inflationary pressures in the US have weakened market expectations for interest rate cuts. Investors are shifting towards higher-yielding traditional assets, leading to capital outflows from risk assets, including cryptocurrencies. The short-term bottom is estimated to be around $58,000, with future trends still influenced by interest rate policies, corporate Bitcoin buying behavior, and progress in US crypto regulatory legislation.Excessive market leverage has also exacerbated this correction. As a large number of investors expanded their Bitcoin exposure through borrowing and financing during the bull market, derivatives open interest has declined as the market weakened. Digital asset treasury companies have also come under pressure. Strategy's stock price has fallen approximately 75% since October last year, and its previously promoted model of corporate Bitcoin accumulation is facing renewed market scrutiny.However, some analysts remain optimistic about Bitcoin's prospects. Adrian Fritz, Chief Investment Strategist at 21Shares, predicts that Bitcoin may bottom out this summer, rebound after interest rates shift towards easing and geopolitical conflicts ease, with a year-end price target of $100,000. (Fortune)
Analysis: Bitcoin Shows Resilience to High Interest Rates, Market May Have Already Priced in Fed Rate Hike Expectations
the U.S. core CPI rose 0.3% month-over-month in August, exceeding expectations of 0.2%, further reinforcing expectations for a Fed rate hike next week. Analysts believe the market had already priced in ample time for a rate hike, and if the Fed raises rates as expected, the market reaction may be relatively limited. Instead, an unexpected decision to hold rates steady could trigger a larger rally in risk assets. Matt Mena, Senior Crypto Research Strategist at 21Shares, said historical data shows that in the 30 days following a core CPI reading above expectations, Bitcoin rose an average of 2.13%.Affected by the data, Bitcoin is currently trading at approximately $78,600, up 1.5% over the past 24 hours. Mark Connors, Chief Investment Officer at Risk Dimensions, said that rising U.S. Treasury yields across the board and the simultaneous strengthening of Bitcoin and gold indicate that the market is concerned not only about the Fed's rate path, but also about inflation, government debt, and the credibility of monetary policy. (Cointelegraph)
UK's largest retail investment platform Hargreaves Lansdown launches Bitcoin and Ethereum ETN products
According to CoinDesk, Hargreaves Lansdown, the UK's largest retail investment platform managing over $200 billion in assets, announced it will make nine Bitcoin and Ethereum exchange-traded note (ETN) products available to its two million customers. Providers include BlackRock iShares, CoinShares, WisdomTree, 21Shares, Invesco, and Bitwise, with annual fees ranging from 0% to 0.35%. This move comes less than a year after the platform previously warned customers against investing in cryptocurrencies, reflecting a policy adjustment following the UK Financial Conduct Authority (FCA) lifting its retail ban on crypto ETPs in October 2025. The platform requires new buyers to complete a suitability assessment and wait 24 hours before trading.
21Shares Polkadot ETF's Q2 "Staking Yield" Comes at a Cost: $4.52 in Losses for Every $1 in Rewards Paid
Odaily News - The latest disclosure from 21Shares' Polkadot ETF (TDOT) shows that in Q2 2026, the fund sold DOT tokens to pay staking rewards, incurring approximately $4.52 in realized losses for every $1 in distributions generated.According to regulatory filings, TDOT sold 98,505 DOT in Q2, generating approximately $107,500 in cash to pay staking rewards to shareholders. However, due to the sharp decline in DOT's price, these sales confirmed approximately $485,600 in losses.Data shows that DOT fell approximately 34% in Q2 2026, with a cumulative decline of 76% over the 12 months ending June 30. Since TDOT shareholders receive USD-denominated distributions rather than DOT staking rewards directly, the fund must sell DOT to convert to cash payments, thereby locking in losses in a low-price environment. In Q2, TDOT paid shareholders approximately $0.14698 per share in distributions, but the fund's share price fell from $14.95 to $9.86 during the same period, a decline of roughly 34%. Staking yields did not offset the losses from the decline in asset prices. (Protos)
Bitcoin bear market's three main causes revealed, but the industry expects a potential rebound to $100,000 by year-end
Odaily Bitcoin has been declining since October last year, with its current price hovering around half of its all-time high of $126,000, indicating the market remains in a deep bear phase. Multiple industry analysts believe the current pressure on Bitcoin stems primarily from three factors: the four-year cycle, macroeconomic inflationary pressures, and market leverage liquidations.Matt Hougan, Chief Investment Officer at Bitwise, stated that Bitcoin's long-standing "four-year cycle" continues to influence investor psychology. Historically, Bitcoin typically undergoes approximately three years of an upward cycle followed by a one-year correction period. Investors have developed cyclical expectations and began reducing some long-term holdings towards the end of 2025.Additionally, the macroeconomic environment is a significant drag on Bitcoin. Zach Pandl, Head of Research at Grayscale, pointed out that rising inflationary pressures in the US have weakened market expectations for interest rate cuts. Investors are shifting towards higher-yielding traditional assets, leading to capital outflows from risk assets, including cryptocurrencies. The short-term bottom is estimated to be around $58,000, with future trends still influenced by interest rate policies, corporate Bitcoin buying behavior, and progress in US crypto regulatory legislation.Excessive market leverage has also exacerbated this correction. As a large number of investors expanded their Bitcoin exposure through borrowing and financing during the bull market, derivatives open interest has declined as the market weakened. Digital asset treasury companies have also come under pressure. Strategy's stock price has fallen approximately 75% since October last year, and its previously promoted model of corporate Bitcoin accumulation is facing renewed market scrutiny.However, some analysts remain optimistic about Bitcoin's prospects. Adrian Fritz, Chief Investment Strategist at 21Shares, predicts that Bitcoin may bottom out this summer, rebound after interest rates shift towards easing and geopolitical conflicts ease, with a year-end price target of $100,000. (Fortune)
21Shares Co-founder: Tokenization Hype Outpaces Wall Street's Actual Readiness
Ophelia Snyder, co-founder of 21Shares, stated that although tokenization can address practical issues such as settlement efficiency and asset liquidity, there remains a significant cognitive gap between the crypto industry and traditional financial institutions regarding this topic.She pointed out that the greater challenge currently lies in integrating blockchain assets with the existing systems of banks, brokerages, and asset management companies. Market discussions often overlook the operational环节 between trade execution and final settlement. While the blockchain industry has made progress in transaction throughput, it still falls short of meeting the demands of traditional financial institutions in areas such as bookkeeping, compliance processes, regulatory reporting, and risk management for 24/7 trading.Ophelia Snyder also noted that most financial institutions rely on third-party software vendors that have yet to fully adapt their systems for blockchain-native transactions. She believes the biggest bottleneck the industry currently faces is achieving large-scale adoption, rather than the functionality itself. (CoinDesk)
Spot HYPE ETF trading volume approaches $900 million, early demand indicates institutional interest
approximately one month after the launch of the first spot HYPE ETFs, early trading data has been robust, indicating demand from institutional investors for Hyperliquid-related exposure.Currently, three issuers offer HYPE investment products through regulated brokerage channels, including 21Shares' THYP, Bitwise's BHYP, and Grayscale's HYPG. The cumulative trading volume for these three products since their launch has neared $900 million, with net inflows reaching $153 million.However, trading activity is not evenly distributed among the products. BHYP and THYP account for the majority of the volume, while the later-launched HYPG is still in its volume ramping phase.Unlike some tokens that primarily rely on speculative demand, HYPE's value proposition is more directly linked to Hyperliquid's trading activity. Approximately 97% of Hyperliquid's transaction fees flow into the Assistance Fund, creating a linkage between trading volume and token demand through an automatic buyback mechanism.
Market selling pressure begins to erode institutional demand? Bitcoin ETF sees largest single-day net outflow since June
Odaily reports: U.S. spot Bitcoin ETFs saw a net outflow of $635.6 million on Thursday, the largest single-day net outflow since June. Among them, BlackRock's IBIT saw a net outflow of $254.1 million, Fidelity's FBTC saw a net outflow of $217.5 million, and Ark Invest and 21Shares' ARKB saw a net outflow of $109.4 million. Morgan Stanley's MSBT bucked the trend with a net inflow of $2.3 million; since its launch in April this year, the fund has recorded only one single-day net outflow.Despite the large outflow on Thursday, U.S. spot Bitcoin ETFs still recorded cumulative net inflows of $442.7 million this week. Since their launch in January 2024, such ETFs have accumulated more than $57 billion in net inflows, with assets under management exceeding $100 billion. Meanwhile, U.S. spot Ethereum ETFs saw a net outflow of $110.6 million on Thursday, Solana and Hyperliquid ETFs also saw outflows, while XRP ETFs recorded a net inflow of $3.6 million.In the market, Bitcoin fell to about $81,500 at one point on Friday, down 3.4% over the past 24 hours. The selloff in U.S. tech stocks spread to Asian markets, compounded by concerns over AI spending and geopolitical tensions, weighing on crypto market performance. Over the past 24 hours, liquidations of leveraged positions in the crypto market totaled at least $440 million, of which about $397 million were long liquidations. Jeff Anderson, head of STS Digital's U.S. division, said the market has recently remained in a trading range of $80,000 to $86,000, and attention should be paid to the direction of a breakout from the range. (The Block)
Yesterday, Ethereum spot ETF net inflows reached $14.98 million, with year-to-date cumulative net inflows totaling $699.6 million.
According to data from Trader T (@thepfund), Ethereum spot ETFs recorded a net inflow of $14.98 million yesterday, bringing the year-to-date cumulative net inflow to $699.6 million since the start of 2026, while the month-to-date figure remains at a net outflow of $1.07 billion. On the previous trading day (October 20), there was a net outflow of $26.12 million, marking a reversal from outflows to a slight net inflow for the day. By product: • BlackRock ETHA: Net outflow of $29.3 million • Grayscale Mini Trust ETH: Net inflow of $28.07 million • Fidelity FETH: Net inflow of $13.03 million • Morgan Stanley MSSE: Net inflow of $1.34 million • Franklin EZET: Net inflow of $940,000 • Bitwise ETHW: Net inflow of $890,000 • Grayscale ETHE, BlackRock ETHB, VanEck ETHV, 21Shares TETH, Invesco QETH: No net inflows or outflows.
Yesterday, Ethereum spot ETF net outflow was $72.53 million.
According to data from Trader T (@thepfund), Ethereum spot ETFs recorded a total net outflow of $72.53 million yesterday, with BlackRock's ETHA seeing the largest single-day outflow of $71.1 million. Grayscale's ETHE experienced an outflow of $6.12 million, VanEck's ETHV at $0.9 million, and 21Shares' TETH at $1.23 million. Fidelity's FETH recorded a net inflow of $5.5 million, while Morgan Stanley's MSSE saw a net inflow of $1.32 million. Cumulative outflows for Ethereum ETFs in October have reached $578.8 million, marking the largest monthly outflow since December 2025.
Yesterday, Ethereum Spot ETFs recorded a total net outflow of $160.9 million.
According to data from Trader T (@thepfund), Ethereum spot ETFs recorded a total net outflow of $160.9 million yesterday, with cumulative outflows over the past five days reaching $506.3 million—the largest five-day outflow since January 23, 2026. ETF outflows broke down as follows: BlackRock ETHA ($116.1 million), Grayscale ETHE ($25.8 million), 21Shares TETH ($6.3 million), Bitwise ETHW ($5.9 million), VanEck ETHV ($2.8 million), and both the Grayscale Ethereum Mini Trust and Invesco QETH at $2.0 million each.
Bitcoin spot ETFs recorded a single-day net outflow of $91.72 million, while Ethereum ETFs recorded a net outflow of $58.29 million.
According to Lookonchain, U.S. Bitcoin and Ethereum spot ETFs both recorded net outflows for the day. Bitcoin spot ETFs saw a single-day net outflow of 1,059 BTC, valued at approximately $91.72 million. Among them, BlackRock IBIT recorded a net inflow of 815 BTC, Fidelity FBTC saw a net outflow of 870 BTC, and ARK 21Shares ARKB recorded a net outflow of 994 BTC. Over the past 7 days, Bitcoin spot ETFs recorded a cumulative net inflow of 1,074 BTC, valued at approximately $93 million. Ethereum spot ETFs saw a single-day net outflow of 21,432 ETH, valued at approximately $58.29 million. Among them, BlackRock ETHA recorded a net outflow of 11,765 ETH, and Fidelity FETH saw a net outflow of 6,968 ETH. Over the past 7 days, Ethereum spot ETFs recorded a cumulative net outflow of 79,193 ETH, valued at approximately $215 million.
Yesterday, US Ethereum spot ETFs recorded a net inflow of $17.09 million.
According to Trader T data, on September 28, U.S. spot Ethereum ETFs recorded a total net inflow of $17.09 million. BlackRock ETHA saw a net inflow of $15.35 million, 21Shares TETH recorded a net inflow of $1.74 million, while all other products had zero net flows.
Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
21shares Launches Physically Backed ETPs for Lighter (LIT) and Venice Token (VVV) in Europe
21Shares has announced the launch of two physically backed new products: the 21Shares Lighter ETP (LIHT), which tracks the native token LIT of the decentralized perpetual exchange Lighter, and the 21Shares Venice Token ETP (VENC), which tracks VVV, the core asset of privacy-focused AI infrastructure Venice.
Stacks Labs Releases Q3 Ecosystem Report: Bitcoin Staking Goes Live on Mainnet, Approximately 735 BTC Locked Across Two Phases
Stacks Labs officially released the Q3 2026 Ecosystem Report. The report shows that the Bitcoin staking feature has launched on mainnet, introducing approximately 735 BTC into the Stacks ecosystem through the first two Bonding Periods. The PoX-5 hard fork was activated on July 30. The first institutional staking period (Genesis Bond), opened on September 10, filled its 230 BTC capacity, with 21Shares, HashKey Cloud, UTXO Management, and Sypher Capital becoming the first participating institutions. The second staking period, opened on October 8, further absorbed an additional 505 BTC.
UK's largest retail investment platform Hargreaves Lansdown launches Bitcoin and Ethereum ETN products
According to CoinDesk, Hargreaves Lansdown, the UK's largest retail investment platform managing over $200 billion in assets, announced it will make nine Bitcoin and Ethereum exchange-traded note (ETN) products available to its two million customers. Providers include BlackRock iShares, CoinShares, WisdomTree, 21Shares, Invesco, and Bitwise, with annual fees ranging from 0% to 0.35%. This move comes less than a year after the platform previously warned customers against investing in cryptocurrencies, reflecting a policy adjustment following the UK Financial Conduct Authority (FCA) lifting its retail ban on crypto ETPs in October 2025. The platform requires new buyers to complete a suitability assessment and wait 24 hours before trading.
UK's Largest Investment Platform Hargreaves Lansdown Opens Crypto ETN Trading
据英国《财富杂志》报道，英国最大投资平台 Hargreaves Lansdown（HL）从 9 月 3 日起向其约 200 万投资者开放 Crypto ETN 交易，首批上线 9 只 BTC 和 ETH ETN，发行方包括 BlackRock 旗下 iShares、WisdomTree、21Shares、Invesco、CoinShares 和 Bitwise，年费率介于 0% 至 0.35%。 HL 此前一直是英国主要投资平台中尚未开放 Crypto ETN 的平台，并曾在去年 10 月表示「BTC 不是一种资产类别」。此次相关产品将面向其 Advanced Investing 服务用户提供，投资者需通过适当性测试，并在首次交易时遵守 24 小时冷静期。
21Shares: Bitcoin Year-End Base Target Price at $100,000
According to the mid-year crypto market report released by 21Shares, after Bitcoin peaks at approximately $126,000 in October 2025, the base target price for the end of 2026 is set at $100,000.The report shows that as of May 2026, the global crypto ETP assets under management stood at approximately $140 billion, with total holdings of 1.25 million BTC. Furthermore, prediction market trading volume reached $57.5 billion by the end of May; total value locked in DeFi remained around $140 billion; within the Ethereum Layer 2 ecosystem, Base, Arbitrum, and Optimism accounted for approximately 83% of total DeFi TVL; and the total value of tokenized assets on public blockchains reached $31 billion, including $15 billion in tokenized U.S. Treasury bonds. (The Block)
Related news
Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
House of Doge undergoes leadership shake-up and terminates official Dogecoin authorization, plans to acquire McQueen Labs token platform.
According to filings with the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed company House of Doge (HODO) is advancing multiple business adjustments. Former CEO Marco Margiotta and CFO Charles Park resigned on October 22, with Curtis Hopkins, CEO of McQueen Labs, stepping in as interim CEO and CFO. Regarding licensing, the Dogecoin Foundation has terminated its exclusive trademark license agreement with Nasdaq-listed House of Doge, effective October 19. House of Doge and its U.S. subsidiaries must change their names by the end of 2026 and cease using titles such as "Official Business Partner" of the Dogecoin Foundation, while related subsidiaries are also required to pay a $400,000 termination fee to the foundation. Under the new agreement, House of Doge retains non-exclusive trademark usage rights for three existing 21Shares DOGE investment products.
Market selling pressure begins to erode institutional demand? Bitcoin ETF sees largest single-day net outflow since June
Odaily reports: U.S. spot Bitcoin ETFs saw a net outflow of $635.6 million on Thursday, the largest single-day net outflow since June. Among them, BlackRock's IBIT saw a net outflow of $254.1 million, Fidelity's FBTC saw a net outflow of $217.5 million, and Ark Invest and 21Shares' ARKB saw a net outflow of $109.4 million. Morgan Stanley's MSBT bucked the trend with a net inflow of $2.3 million; since its launch in April this year, the fund has recorded only one single-day net outflow.Despite the large outflow on Thursday, U.S. spot Bitcoin ETFs still recorded cumulative net inflows of $442.7 million this week. Since their launch in January 2024, such ETFs have accumulated more than $57 billion in net inflows, with assets under management exceeding $100 billion. Meanwhile, U.S. spot Ethereum ETFs saw a net outflow of $110.6 million on Thursday, Solana and Hyperliquid ETFs also saw outflows, while XRP ETFs recorded a net inflow of $3.6 million.In the market, Bitcoin fell to about $81,500 at one point on Friday, down 3.4% over the past 24 hours. The selloff in U.S. tech stocks spread to Asian markets, compounded by concerns over AI spending and geopolitical tensions, weighing on crypto market performance. Over the past 24 hours, liquidations of leveraged positions in the crypto market totaled at least $440 million, of which about $397 million were long liquidations. Jeff Anderson, head of STS Digital's U.S. division, said the market has recently remained in a trading range of $80,000 to $86,000, and attention should be paid to the direction of a breakout from the range. (The Block)
Yesterday, Ethereum spot ETF net inflows reached $14.98 million, with year-to-date cumulative net inflows totaling $699.6 million.
According to data from Trader T (@thepfund), Ethereum spot ETFs recorded a net inflow of $14.98 million yesterday, bringing the year-to-date cumulative net inflow to $699.6 million since the start of 2026, while the month-to-date figure remains at a net outflow of $1.07 billion. On the previous trading day (October 20), there was a net outflow of $26.12 million, marking a reversal from outflows to a slight net inflow for the day. By product: • BlackRock ETHA: Net outflow of $29.3 million • Grayscale Mini Trust ETH: Net inflow of $28.07 million • Fidelity FETH: Net inflow of $13.03 million • Morgan Stanley MSSE: Net inflow of $1.34 million • Franklin EZET: Net inflow of $940,000 • Bitwise ETHW: Net inflow of $890,000 • Grayscale ETHE, BlackRock ETHB, VanEck ETHV, 21Shares TETH, Invesco QETH: No net inflows or outflows.
21shares Launches Physically Backed ETPs for Lighter (LIT) and Venice Token (VVV) in Europe
21Shares has announced the launch of two physically backed new products: the 21Shares Lighter ETP (LIHT), which tracks the native token LIT of the decentralized perpetual exchange Lighter, and the 21Shares Venice Token ETP (VENC), which tracks VVV, the core asset of privacy-focused AI infrastructure Venice.
Stacks Labs Releases Q3 Ecosystem Report: Bitcoin Staking Goes Live on Mainnet, Approximately 735 BTC Locked Across Two Phases
Stacks Labs officially released the Q3 2026 Ecosystem Report. The report shows that the Bitcoin staking feature has launched on mainnet, introducing approximately 735 BTC into the Stacks ecosystem through the first two Bonding Periods. The PoX-5 hard fork was activated on July 30. The first institutional staking period (Genesis Bond), opened on September 10, filled its 230 BTC capacity, with 21Shares, HashKey Cloud, UTXO Management, and Sypher Capital becoming the first participating institutions. The second staking period, opened on October 8, further absorbed an additional 505 BTC.