The fourth week of July 2025 confirmed a trend that’s been building all year crypto is not just back, it’s being structurally embedded into the future of finance. From landmark ETF approvals and corporate treasury expansions to growing banking interest in stablecoins, the market is increasingly shaped by institutional action.

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1. SEC Approves Bitwise 10 Crypto Index ETF

The SEC officially approved the conversion of the Bitwise 10 Crypto Index Fund into a spot ETF. The fund includes BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT—marking one of the broadest crypto baskets ever greenlit.

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Impact: This approval signals a major step forward for diversified crypto investing. For the first time, U.S. investors can gain regulated exposure to a broad portfolio of top digital assets via a single ETF. It sets a new precedent for multi-asset crypto products and could trigger a wave of similar filings from competing issuers.

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2. BlackRock’s ETHA Hits $10B AUM in Record Time

BlackRock’s iShares Ethereum ETF ($ETHA) became the third-fastest ETF in history to surpass $10 billion in assets under management. The milestone comes just months after its approval.

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Impact: This achievement not only underscores rising institutional interest in Ethereum but also validates ETH’s status as a core investable asset alongside Bitcoin. As investors continue to seek diversified crypto exposure, ETHA’s momentum paves the way for additional Ethereum linked products, including staking enabled variants.

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3. Aether Holdings Allocates $40M Toward Bitcoin Treasury

Aether Holdings announced a $40 million capital raise, with a significant portion earmarked for acquiring Bitcoin as part of its treasury strategy. The company aims to strengthen its balance sheet using digital assets.

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Impact: The move reflects a growing trend among public companies leveraging Bitcoin as a macro-hedge and long term treasury asset. It reinforces the narrative of Bitcoin as digital gold and could encourage more corporate players to follow suit amid rising institutional adoption.

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4. Bank of America: U.S. Banks Preparing to Launch Stablecoins

In a new report, Bank of America disclosed that several major U.S. banks are actively preparing to launch their own crypto stablecoins. These initiatives are aimed at enhancing payment infrastructure and competing with both private stablecoins and central bank digital currencies.

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Impact: If deployed, bank issued stablecoins would bridge the gap between traditional finance and blockchain infrastructure. This could significantly accelerate stablecoin adoption while placing banks at the forefront of next generation payment systems. Regulatory clarity from recent legislative developments further supports this trend.

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5. Bitcoin Remains Resilient as ETF Capital Inflows Continue

Bitcoin held steady near the $115K–$120K range throughout the week, supported by continued ETF inflows, macroeconomic stability, and growing treasury adoption. Investors also rotated into other large cap assets following the Bitwise ETF approval.

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Impact: BTC’s price stability in the face of rapid structural changes suggests market maturity. As ETF volume remains high and corporate adoption expands, Bitcoin continues to assert itself as a reserve quality digital asset for both institutions and sovereign entities.

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ETF Watch: Key Developments

– Bitwise 10 ETF receives SEC approval and begins trading

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– BlackRock’s ETHA becomes third fastest ETF ever to hit $10B AUM

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– Continued inflows into BTC and ETH ETFs drive institutional allocations

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– Multi-asset structures gain momentum, setting the tone for diversified crypto portfolios in regulated markets

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Impact: This week’s ETF milestones confirm that institutional investors are demanding broader, more sophisticated vehicles to access crypto markets. The diversification of products from single-asset to multi-asset strategies marks a new phase in crypto financialization.

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Closing Outlook

Week 30 showcased the growing entrenchment of crypto within traditional finance. The approval of Bitwise’s 10 asset ETF, BlackRock’s record breaking Ethereum product, and the emergence of bank led stablecoin initiatives all highlight a market that’s moving beyond retail driven hype into institutionally backed architecture. Bitcoin’s resilience and corporate treasury adoption offer further proof that digital assets are fast becoming foundational elements of modern capital allocation strategies.

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As the regulatory framework continues to mature, and product innovation accelerates, crypto is no longer the frontier, it’s the infrastructure.

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Disclaimer: This blog is intended solely for informational purposes and is directed at our followers in Switzerland. It does not represent an opinion, legal, or investment advice, nor does it create any obligation or responsibility for FiCAS.