Today’s Insider ⬇️
Crypto ETF: Bitwise launches Avalanche ETF with plans to stake AVAX held
Self-Custodian Wallet: eToro bets on self-custody with $70 million acquisition of crypto wallet startup Zengo
Crypto IPO: Kraken officially files IPO, plans to be listed on Wall Street by Q3
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $74,282 | -0.51% | -12.11% |
Ethereum | $2,354 | +0.62% | +45.85% |
Solana | $84 | -0.41% | -33.88% |
XRP | $1.38 | +1.25% | -34.41% |
S&P 500 | $7,007 | +0.57% | +29.85% |
Gold | $4,795 | -0.62% | +44.94% |
1. Bitwise Launches Avalanche ETF with Staking Strategy
Crypto ETF: Bitwise has launched the Avalanche ETF (BAVA), becoming one of the first U.S. ETFs to integrate a staking strategy for an altcoin, recording $400K in trading volume within its first 90 minutes on market.
🔎 Insider Insight: The launch signals growing institutional confidence in altcoin-backed ETFs beyond Bitcoin and Ethereum. Meanwhile, Staking integration also points to a shift toward yield-generating ETF structures, blending traditional finance with onchain rewards.
Top Crypto Insider Pick of 2026
BlockchainFX Attracts Massive Attention as it Nears $15M Presale Target
BlockchainFX (BFX) is transforming global trading by merging traditional financial markets with decentralized technology. The platform provides seamless access to multiple asset classes, including cryptocurrencies, stocks, forex, and commodities, all within a single, unified ecosystem.
Meanwhile, with transparency and security at its core, BlockchainFX delivers faster transactions, lower fees, and improved accessibility. Its user-friendly interface and all-in-one design have earned it several innovation awards, making it a trusted solution for both institutional and retail investors.
By combining advanced technology with simplicity, BlockchainFX is redefining the trading experience for both experienced and beginner traders. As demand for secure and versatile trading platforms grows, BlockchainFX continues to gain recognition and interest from a global audience.
💡 Pro Tip: Having raised over $14 million in presale funding, BlockchainFX is proving its strong market appeal. At a presale price of $0.035, compared to the $0.05 launch price, $BFX offers an attractive entry point for early investors. With its focus on accessibility, innovation, and value, BlockchainFX positions itself as a compelling solution in the trading world, ensuring it’s more than just another token; it’s a practical tool for modern traders.
2. eToro Acquires Self-Custody Wallet Startup Zengo in $70 Million Deal
Self-custodian wallet: Toro has acquired self-custody wallet startup Zengo for approximately $70 million, adding non-custodial wallet infrastructure to its platform as it moves beyond pure exchange functionality
🔎 Insider Insight: The move reflects a broader shift by exchanges toward full-stack crypto ecosystems beyond trading. Self-custody integration positions eToro to compete in the next phase of onchain finance, where user control and decentralization are key.
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3. Kraken Files for IPO Targeting Q3 Wall Street Listing at $13.3 Billion Valuation
Crypto IPO: Kraken has filed for an IPO targeting a Wall Street listing by Q3, with a revised valuation of $13.3 billion, marking one of the most significant crypto exchange public market entries since Coinbase's 2021 debut.
🔎 Insider Insight: The IPO push highlights renewed momentum for crypto firms entering public markets despite valuation resets. Moreso, increased investment from traditional financial players suggests deeper institutional alignment with crypto infrastructure, potentially expanding the broader ecosystem.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
