1. Purpose Bitcoin ETF (TSX:BTCC)

Assets under management: C$1.66 billion

Billed as the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF launched in February 2021 and is backed by Bitcoin in cold storage. This means the fund allows investors to add and sell Bitcoin with no digital wallet required.

Hosted by Canadian investment company Purpose Investments, the Purpose Bitcoin ETF is backed by 21101.367791 Bitcoins and has a management expense ratio of 1.5 percent.

2. CI Galaxy Bitcoin ETF (TSX:BTCX.B)

Assets under management: C$1.44 billion

Launched in March 2021, the CI Galaxy Bitcoin ETF was born out of a partnership between cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management. Galaxy Fund Management is part of Galaxy Digital, a diversified financial services firm with a focus on digital assets and the blockchain technology sector.

The ETF’s objective is to give investors exposure to Bitcoin via an institutional-quality fund platform, as its holdings are wholly Bitcoin and are kept in cold storage. At 0.4 percent, this fund boasts one of the lowest management fees of all the crypto funds on the market.

3. Fidelity Advantage Bitcoin ETF (TSX:FBTC)

Assets under management: C$1.43 billion

The Fidelity Advantage Bitcoin ETF, launched in November 2021. It offers the security of Fidelity’s in-house cold storage services for its holdings.

While it previously had a management fee of 0.39 percent, the Fidelity Advantage Bitcoin ETF lowered it in January 2025 to an ultra-low management fee of 0.32 percent.

4. CI Galaxy Ethereum ETF (TSX:ETHX.U)

Assets under management: C$693.52 million

The CI Galaxy Ethereum ETF, another collaboration between CI and Galaxy, offers investors exposure to the spot Ethereum price through Ether holdings in cold storage.

The fund launched on April 20, 2021, the same day as two of the other Ether ETFs on this list.

At the time, CI Global Asset Management suggested that “owning Ether is similar to owning a basket of early-stage, high-growth technology stocks.”

The CI Galaxy Ethereum ETF also has a notably low management fee of just 0.4 percent.

5. Evolve Bitcoin ETF (TSX:EBIT)

Assets under management: C$267.64 million

Evolve ETFs partnered with cryptocurrency experts, including Gemini Trust Company, CF Benchmarks, Cidel Bank & Trust and CIBC Mellon Global Services, to launch the Evolve Bitcoin ETF. The fund, which holds its own Bitcoin, has a management fee of 0.75 percent.

Launched a week after the Purpose Bitcoin ETF, its holdings of Bitcoin are priced based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for Bitcoin denominated in US dollars.

6. Purpose Ether ETF (TSX:ETHH)

Assets under management: C$235.71 million

The Purpose Ether ETF is a direct-custody Ether ETF that launched on April 20, 2021. This fund holds 95349.491491 Ether, which it stores in cold storage.

The Purpose Ether ETF offers investors exposure to the daily price movements of physically settled Ether tokens with a management fee of 1 percent.

7. 3iQ Solana Staking ETF (TSX:SOLQ)

Assets under management: C$203.25 million

The 3iQ Solana Staking ETF is designed to provide investors with a user-friendly and secure way to gain exposure to SOL and earn passive rewards through staking. Its launch quickly garnered significant assets under management and attracted investments from SkyBridge Capital and two of ARK Invest’s ETFs.

For the first 12 months after its April 16, 2025, launch, the ETF features a 0 percent management fee. After this initial period, the management fee will be 0.15 percent.

8. Purpose Bitcoin Yield ETF (TSX:BTCY)

Assets under management: C$130.48 million

The Purpose Bitcoin Yield ETF uses a covered call strategy to generate yield for investors, which involves writing call options on Bitcoin. Call options give the buyer an option to purchase an asset at a specific price on or before a specific date.

Its structure allows the fund to earn income from option premiums while providing investors with exposure to Bitcoin’s price movements. Its distributions are paid monthly.

9. Evolve Ether ETF (TSX:ETHR)

Assets under management: C$96.58 million

The Evolve Ether ETF offers investors an easier route to investing in Ether. The fund’s holdings of Ether are priced based on the CME CF Ether-Dollar Reference Rate, a once-a-day benchmark index price for Ether denominated in US dollars.

As with the Evolve Bitcoin ETF, the Evolve Ether ETF has a management fee of 0.75 percent.

10. Evolve Cryptocurrencies ETF (TSX:ETC)

Assets under management: C$86.15 million

The Evolve Cryptocurrencies ETF launched in September 2021 as the first multi-cryptocurrency ETF, providing combined exposure to both Bitcoin and Ether. Its holdings have since expanded to include XRP and Solana.

This product from Evolve ETFs allows investors to diversify their crypto portfolios and provides indirect exposure to the four coins, weighing them by market capitalization and rebalancing its holdings on a monthly basis. Bitcoin makes up the majority of its portfolio.

While this ETF has no management fee, the underlying funds that hold both Bitcoin and Ether have management fees of 0.75 percent plus applicable taxes.

11. Purpose Ether Yield ETF (TSX:ETHY)

Assets under management: C$78.98 million

Like the Purpose Bitcoin Yield ETF, the Purpose Ether Yield ETF offers investors an opportunity to invest in Ether while also generating yield. Purpose Investments lends a portion of its Ether holdings to institutional borrowers and earns interest on those loans.

Investors who purchase shares of this ETF receive a portion of the interest earned in monthly distributions.

12. Purpose XRP ETF (TSX:XRPP)

Assets under management: C$72.12 million

The Purpose XRP ETF started trading on the Toronto Stock Exchange on June 18, 2025, as part of the launch of Canada’s first XRP ETFs. The fund invests directly in XRP, offering investors access to the XRP spot price.

The new asset is offering a 0 percent management fee through February 2026, after which time it will have a management fee of 0.69 percent.

13. Fidelity Advantage Ether ETF (TSX:FETH)

Assets under management: C$71.59 million

Following the successful launch of its Bitcoin fund, Fidelity brought its Advantage Ether ETF to market in September 2022, making this the newest Ether ETF in Canada. Its holdings are stored in Fidelity’s in-house cold storage.

The Fidelity Advantage Ether ETF has a management fee of 0.4 percent.

14. Evolve XRP ETF (TSX:XRP)

Assets under management: C$50.28 million

The Evolve XRP ETF is passively managed, aiming to track the price of XRP without engaging in active trading strategies or derivatives overlays such as covered calls. Its goal is to provide straightforward exposure to XRP’s price movements.

The management fee for the Evolve XRP ETF is 0.75 percent. This was reduced from an initial 1.00 percent effective June 18, 2025, to make it more competitive.

15. Ninepoint Crypto and AI Leaders ETF (TSX:TKN)

Assets under management: C$34.73 million

Previously named the Ninepoint Web3 Innovators Fund, the Ninepoint Crypto and AI Leaders ETF aims to provide a more diversified exposure to the digital asset and emerging tech space compared to holding a single cryptocurrency.

Instead of investing directly in crypto assets like the other ETFs on this list, the fund invests in a diversified portfolio primarily focused on AI and crypto companies and crypto ETFs. Among its crypto ETF holdings, which make up 25 percent of its portfolio, are several of the Bitcoin, Ether and Solana ETFs on this list.

Bullet briefing — Gold revaluation, China buying, streaming deal

Fed publishes gold revaluation article

The Fed turned heads in the resource space this week with the release of an article on gold revaluation. In it, a principal economist looks at ‘rare cases when countries used proceeds from valuation gains on gold and foreign exchange reserves.’

While precious metals market watchers have noted that the Fed publishing research on gold revaluation doesn’t mean it’s going to happen in the US, it’s still seen as significant that the central bank is mentioning it at all.

China snaps up gold, platinum

The People’s Bank of China continued snapping up gold in July, adding to its reserves of the yellow metal for the ninth month in a row. According to Bloomberg, the Asian nation now holds 73.96 million ounces of gold, an increase of 60,000 ounces over the course of the month.

China is also reportedly adding to its platinum holdings, with data from Standard Chartered (LSE:STAN) showing that it brought in 1.2 million ounces in the second quarter.

A separate article from Bloomberg indicates that state-owned entity China Platinum is making most of the purchases, meaning it’s difficult to know who is really buying the metal.

The US is picking up platinum too, while London and Zurich are seeing shortfalls of the metal. With the implied one month lease rate down from over 35 percent last month, but still elevated at 10 percent, experts are calling for continued tightness in the market.

After years of rangebound trading, the platinum price began breaking out in mid-May, eventually surpassing US$1,470 per ounce and reaching highs not seen in over a decade.

First Quantum’s US$1 billion gold stream

First Quantum Minerals (TSX:FM) will receive a US$1 billion upfront cash payment from Royal Gold (NASDAQ:RGLD) under a gold-streaming deal for its Kansanshi mine.

According to First Quantum, the agreement, announced on Tuesday (August 5), will allow it to retain exposure to all of the asset’s copper output and most of its gold production.

Located in Zambia, Kansanshi is the company’s flagship operation, as well as Africa’s largest copper mine. The asset produced about 170,000 metric tons of copper and 105,000 ounces of gold in 2024, with an expansion in the final stages of commissioning.

The amount of gold First Quantum delivers to Royal Gold will be based on its copper output. In addition to the US$1 billion initial payment from Royal Gold, First Quantum will receive 20 percent of the gold spot price for each ounce delivered, with that amount rising to 35 percent in the event that specific milestones are met. The arrangement includes acceleration provisions as well.

Investor Insight

With multiple significant lithium discoveries under its belt and a proven exploration strategy that yields results, Brunswick Exploration makes a compelling investment proposition in the ever-expanding lithium space.

Overview

Brunswick Exploration (TSXV:BRW,OTCQB:BRWXF,1XQ:FF) is one of North America’s few publicly traded companies aggressively pursuing grassroots lithium exploration across Canada and Greenland. The company is leveraging cutting-edge exploration technologies and systematic geological fieldwork to uncover new spodumene-bearing pegmatite discoveries in underexplored districts.

Brunswick has staked and is actively exploring large-scale pegmatite fields in Quebec and both western and eastern Greenland. Its multi-regional strategy is designed to fast-track discoveries of high-grade lithium deposits to meet rising global demand driven by the energy transition.

Brunswick’s exploration process begins with comprehensive data compilation and geological analysis to pinpoint promising target areas. Its experienced field teams then deploy traditional prospecting techniques—including bedrock mapping, sampling, and geophysical surveys—to validate targets on the ground. This hands-on approach has led to multiple new lithium discoveries and remains central to the company’s value creation strategy.

The company has launched an aggressive, regional-scale prospecting and mapping campaign across its extensive Greenland portfolio which will run for six weeks, supported by four field crews and two helicopters. The initial phase will see one team conducting detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas. A second team will cover the expanded Nuuk and Paamiut licenses, including follow-up at the historical spodumene showing at Paamiut.

Starting in July 2025, fieldwork will pivot based on June results, with one crew continuing follow-up at Nuuk and Paamiut, and another moving to Disko Bay and Uummannaq. Findings will guide advanced exploration in August–September, including first-pass work at the newly acquired Hinksland project.

In Quebec, Brunswick Exploration has prioritized three key lithium projects in the Eeyou Istchee–James Bay region: Mirage, Anatacau, and PLEX with active drilling underway at Mirage following 2023 grassroots discoveries.

In 2024, the company made Greenland’s first lithium-bearing spodumene pegmatite discovery at the Ivisaartoq field under its Nuuk license—an area characterized by ancient Mesoarchean geology. Brunswick is now expanding its land position in both western and eastern Greenland to build on this breakthrough. In 2025, the company reported it had submitted license applications covering 20,785 hectares at Paamiut that include multiple metavolcanic amphibolite belts and nine mapped pegmatites 500–900 m in strike length, with approval pending. Brunswick had also applied for a 17,800-hectare Hinksland license in eastern Greenland containing over 50 mapped and interpreted pegmatite outcrops, including nine that are between 500 m and roughly 10,000 m in strike length, likewise awaiting government sign-off.

The exploration team is led by Executive Chairman Robert Wares, a renowned geologist and co-founder of Osisko Mining. Wares played a pivotal role in discovering the Canadian Malartic gold deposit, which became one of Canada’s largest gold producers. His leadership and exploration success provide strong technical guidance for Brunswick’s operations.

Company Highlights

• Brunswick Exploration (BRW) is a Montreal-based mineral exploration company listed on the TSXV under symbol BRW. The company is focused on grassroots exploration for lithium in Canada and Greenland, a critical metal necessary to global decarbonization and energy transition.
• This has generated one of the largest grassroots lithium portfolios globally.
• BRW’s board includes Robert Wares, one of the founders of Osisko Mining.
• BRW was recognized as one of the Top 50 TSX Venture listed companies in 2023.
• The company has staked hundreds of untested prospective pegmatites measuring a minimum strike length of 500 meters and within 50 kms of infrastructure.
• In 2023, three discoveries were made in the Eeyou Istchee-James Bay region of Quebec at the Mirage, Anatacau Main and Elrond projects.
• In 2024, BRW announced a newly discovered pegmatite outcrop from its Nuuk License, making it the first confirmed lithium discovery in Greenland.
• In 2025 BRW bolstered its first-mover position in Greenland by staking about 38,500 ha across two new licenses — 20,785 ha at Paamiut (SW Greenland) hosting nine 500-900 m pegmatite trends and 17,800 ha at Hinksland (E Greenland) with over 50 mapped pegmatites, including nine 500-10,000 m trends — making BRW one of the country’s largest mineral-license holders and giving it hundreds of untested targets for lithium exploration.

Key Projects

Mirage Project

The Mirage Project consists of 427 claims covering 21,230 hectares (including both staked and optioned claims), situated approximately 40 km south of the Trans-Taiga Highway in Quebec’s James Bay region. The project was initially staked following insights from a geologist who explored the area for gold over two decades ago and documented numerous angular pegmatitic glacial boulders containing large, well-defined spodumene crystals, including one boulder measuring 8 x 4 x 3 meters.

In fall 2023, Brunswick Exploration uncovered multiple high-grade spodumene outcrops along a 2.5-km trend, alongside a distinct 3 km boulder train with different mineralogical characteristics, suggesting the presence of multiple lithium-bearing sources within the project area.

The company intersected 37 m at 1.14 percent Li₂O in hole MR-24-87 at the MR-3 dyke; 36 m at 1.51 percent Li₂O in hole MR-24-102 within the Stacked Dyke area where the same hole also cut thirteen additional spodumene-bearing dykes and 28 m at 1.32 percent Li₂O in hole MR-24-101 at the MR-6 dyke, together extending the combined MR-3–MR-6–Stacked Dyke swarm to more than 1 km by 450 m. In the past drillings, Brunswick intercepted 1.55 percent and 1.64 percent Li₂O at 93.45 m and 69.3 m respectively at the MR-6 dyke The project continues to show excellent continuity and scale, with stacked dykes and new zones being delineated through ongoing drilling.

The winter 2025 drill program covering over 5,000 meters is designed to test new extensions to MR-3, MR-4, and MR-6 dykes, as well as additional targets within the broader Central Zone. Mirage is quickly emerging as a potential high-grade, large-tonnage lithium system.

Spodumene crystals at Mirage are massive and white to pale grey, both at the surface and in the core.

In 2025, BRW has continued to advance Mirage through additional drilling and metallurgical testing. The winter drill program intersected 36 meters at 1.51percent Li2O in the Stacked Dyke area and 28 meters at 1.32 percent Li2O at the MR-6 dyke, significantly extending these pegmatites along strike. This drilling confirms that the MR-3, MR-6 and Stacked Dyke systems form a major spodumene-bearing pegmatite swarm now traced over ~1,000 by 450 meters and open in multiple directions. Phase 1 metallurgical results indicate the potential for a dense media separation (DMS)-only flowsheet (no flotation required), capable of producing a clean spodumene concentrate grading ~5.5–5.7 percent Li2O with up to 76 percent recovery and low impurities.

PLEX Project

The company is also advancing the early-stage Poste Lemoyne Extension (PLEX) project, located along the La Grande shear zone approximately 75 km west of Patriot Battery Metals’ Corvette project. PLEX consists of 375 claims covering 19,175 hectares and remains a target for future prospecting campaigns.

Anatacau

Comprising the Anatacau Main and Anatacau West projects, these assets are under an option agreement with Osisko GP, a subsidiary of Osisko Development, under which Brunswick Exploration can earn a 90 percent interest in the projects. The Anatacau property is located just east of Rio Tinto (NYSE:RIO) recently acquired James Bay Lithium deposit (previously known as the Cyr deposit), previously owned by Arcadium (NYSE:ALTM) which has a total mineral resource of 110.2 million tons (Mt) at 1.30 percent lithium oxide and a total ore reserve of 37.3 Mt at 1.27 percent lithium oxide.

BRW completed a maiden drill program at the Anatacau West property totalling 3,712 meters. 17 of the 18 drilled holes intersected spodumene mineralization that generated up to 26.5 metres at 1.51 percent Li2O.

In the summer of 2023, Brunswick discovered a significant lithium pegmatite outcrop, measuring at least 100 meters long by 15 meters wide known as the Anais showing in Anatacau Main. The outcrop is within a larger cluster of pegmatite dykes all of which contain high-grade lithium mineralization.

This discovery is located 22 km east of Anatacau West and Rio’s James Bay project along a large-scale E-W deformation corridor which is host to the known lithium-bearing pegmatite dykes in the region.

Greenland

Brunswick Exploration is now one of Greenland’s largest mineral license holders and the only company actively exploring for lithium in the country, capitalizing on a clear first-mover advantage. With supportive regulations, highly prospective geology, and excellent outcrop exposure, 2025 is set to be a breakthrough year as the company launches a major lithium exploration campaign.

A six-week regional program begins in June, with four field crews and two helicopters deployed across Brunswick’s vast land package. One team will focus on the Ivisaartoq spodumene discovery, while another targets the Nuuk and Paamiut licenses. In July, follow-up work will continue at Nuuk and Paamiut, while a second team begins prospecting at the Disko Bay and Uummannaq properties.

Initial results will guide advanced exploration phases in August and September across high-priority targets.

2025 Paamiut license area

Brunswick Exploration has applied for new licenses covering 20,785 hectares, approximately 90 to 130 km northeast of Paamiut, a coastal town about 260 km south of Nuuk. The area lies within the Bjornesund tectonic block of the North Atlantic Craton, a geologically favorable region comprising tonalitic and granodioritic orthogneiss and Mesoarchean metavolcanic amphibolite belts.The newly staked ground includes multiple amphibolite belts up to 1.5 km wide and 15 km long, along with nine mapped and interpreted pegmatite targets ranging from 500 to 900 meters in strike length. License applications have been submitted and are currently pending final government approval

Nuuk Expansion

Brunswick Exploration’s Nuuk holdings include the Ivisaartoq spodumene discovery within the Ivisaartoq belt. The company has applied to stake the adjacent Ujarassuit amphibolite belt, which is up to 1 km wide and 40 km long. Additional claims have been secured within the Fiskefjord Complex, located 95 km north of Nuuk and 75 km southeast of Maniitsoq, covering amphibolite belts up to 4.5 km wide and 20 km long. The newly acquired and applied-for claims span 33,138 hectares and host hundreds of mapped and interpreted pegmatite outcrops, including six targets with strike lengths between 500 and 2,000 m.

Disko Bay

The Disko Bay licenses are located roughly 30 to 80 kms from the coastal city of Ilulissat, which is the third largest city in Greenland. The licenses are near multiple seaports and container terminals, including Ilulissat. The area is situated within the Aasiaat domain, part of the Paleoproterozoic Nagssugtoqidian Orogen, sandwiched to the south by the Archean North Atlantic Craton and to the north by the Archean Rae Craton. The Orogen extends west into the Trans-Hudson orogeny of Canada that continues to the lithium deposits near Snow Lake Manitoba and the Black Hills of South Dakota.

Multiple amphibolite and metasedimentary belts were acquired with some belts being over 20 km in strike length. The new claims have hundreds of mapped and interpreted pegmatite targets with a total license area of 49,639 hectares.

Uummannaq

The licenses are located roughly 70 km from the coastal city of Uummannaq, about 80 km north of Ilulissat. Uummannaq has a population of about 1,660, an airport and a ferry terminal as well as a nearby container terminal. The area is located within the Archean Rae Craton that is intermixed with the Paleoproterozoic Rinkian fold-thrust belt, both of which are in contact with the Paleoproterozoic Nagssugtoqidian Orogen to the south.

The new license contains multiple amphibolite and metasedimentary belts with dozens of mapped and interpreted pegmatites with a total license area of 9,770 hectares.

Management Team

Robert Wares – Executive Chairman

Robert Wares is a professional geologist with more than 35 years of experience in mineral exploration and development. He was responsible for discovering the Canadian Malartic bulk tonnage gold mine, which was subsequently developed by Osisko Mining into one of Canada’s largest gold producers. Wares was a co-winner of the Prospectors and Developers Association of Canada’s ‘Prospector of the Year Award’ for 2007. He was also named one of the ‘Mining

Men of the Year’ for 2009 by the Northern Miner. He has a Bachelor of Science and an honorary doctorate in earth sciences from McGill University.

Killian Charles – President and CEO

From 2017 to 2021, Killian Charles worked as VP of corporate development for Osisko Metals. Charles was previously the manager of corporate development at Integra Gold Corp, which was an advanced-stage gold development company until it was acquired by Eldorado Gold in July 2017. He worked as a mining analyst at Industrial Alliance Securities and Laurentian Bank Securities. Charles covered small and mid-cap exploration and production companies as a mining analyst. Charles holds a Bachelor of Science with a major in Earth and planetary sciences from McGill University.

Anthony Glavac – CFO

Anthony Glavac has more than 17 years of experience in financial reporting, including over 12 years in the mining industry. Since August 2017, Glavac has served as vice-president, and corporate controller for Falco Resources, and previously served as director, financial reporting and internal controls at Dynacor Gold Mines. Glavac spent 10 years at KPMG, working with both public and private companies, providing audit, taxation, strategic advisory and public offering services. Glavac is also involved with other public companies in the mining industry.

Simon Hébert – Vice-president, Development

Simon Hébert is a professional geologist with over 13 years of experience in mineral exploration, having begun his career with Virginia Mines and Osisko Mining. He has worked on numerous metallogenic projects across Baie-James, Nunavik, and the Northwest Territories. In 2019, he helped form NQ Mining Investment, becoming its general manager in 2023. A member of the Ordre des Géologues du Québec since 2012, Hébert also serves as vice president of the AEMQ and is chair of the Table Jamésienne de concertation minière. He holds a BSc in Geology from Université Laval.

François Goulet – Exploration Manager, Quebec

François Goulet holds a master’s degree in structural geology from UQÀM and has extensive exploration experience in James Bay and internationally. He was recently president and CEO of Harfang Exploration, a gold project generator in Quebec. Goulet has worked with companies including Virginia Mines, Unigold, Maya Gold & Silver, the Canadian Malartic Partnership, and Glencore Canada. He is a board member of the AEMQ and a registered geologist with the Ordre des géologues du Québec since 2011.

Charles Kodors – Exploration Manager, Atlantic Canada

Charles Kodors is the Manager, Atlantic Canada at Brunswick Exploration Inc. and has been with the company since January 2021. Having 15 years of experience in the mining and exploration industry, he most recently served as an exploration manager for Osisko Metals and a senior exploration geologist for Kirkland Lake Gold. Kodors received his B.Sc. from Brock University and is a registered professional geologist within the provinces of New Brunswick, Newfoundland, Nova Scotia, Ontario, Quebec, Manitoba and Saskatchewan.

Shayaan Belluzzo – Corporate Secretary

Ms. Shayaan Belluzzo is a seasoned Corporate Secretary with over 8 years of experience of board governance and compliance, corporate restructuring matters for various global entities and investment vehicles, focusing on corporate regulatory and corporate governance best practices, and providing strategic legal support. Recently, Belluzzo also held key roles as Corporate Secretary of Windfall Mining Group and Assistant Corporate Secretary of Osisko Mining, supporting both companies during a $2.16 billion acquisition. Ms. Belluzzo’s diverse industry experience stems from her work in global investment, asset management, and law firms, including McCarthy Tétrault LLP.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$119,577, down by 0.9 percent over the last 24 hours. Its lowest valuation on Monday was US$118,199, while its highest valuation was US$122,227.

Bitcoin price performance, August 11, 2025.

Chart via TradingView

Ethereum (ETH) was priced at US$4,179.19, down by 0.6 percent over the past 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$4,174.03 and its highest was US$4,332.73.

Altcoin price update

• Solana (SOL) was priced at US$178.34, down by 0.8 percent over 24 hours and its lowest valuation for the day so far. Its highest was at US$186.35.

• XRP was trading for US$3.20, up by 0.3 percent in the past 24 hours. Its lowest valuation of the day was US$3.16, and its highest price was US$3.31.

• Sui (SUI) was trading at US$3.71, down by 2.9 percent over the past 24 hours. Its lowest valuation of the day was US$3.72, and its highest was US$3.97.

• Cardano (ADA) was trading at US$0.787, down by 1.2 percent over 24 hours. Its lowest valuation on Monday was US$0.7862, and its highest was US$0.8322.

Today’s crypto news to know

Bitcoin holds near record highs as crypto stocks rally

Bitcoin traded above US$120,000 on Monday, keeping close to its all-time high and fueling gains in publicly traded crypto-related companies.

Strategy, Coinbase, and Robinhood all advanced in premarket trading, rising between 2 and 3 percent.

The rally followed last week’s executive order from former President Donald Trump, which directed federal agencies to explore ways for workers to include cryptocurrency in 401(k) retirement plans.

The order asks the Treasury, Labor Department, and SEC to identify regulatory changes that would reduce barriers for employers offering digital asset options.

Bullish aims for US$4.82B valuation in upsized IPO

Crypto exchange Bullish has increased the size of its planned IPO, now targeting a valuation of up to US$4.82 billion.

The firm plans to raise as much as US$990 million by selling 30 million shares priced between US$32 and US$33 each, a higher range than its previous filing but still below its US$9 billion target in a failed 2021 SPAC merger.

The exchange said it will convert a significant portion of IPO proceeds into U.S.-dollar-backed stablecoins through partnerships with token issuers.

BlackRock-managed funds and Cathie Wood’s ARK Investment have shown interest in purchasing up to US$200 million of shares.

Bullish is expected to price the offering on Tuesday and debut on the NYSE under the ticker “FLY” the next day.

El Salvador targets wealthy investors with new Bitcoin banking law

El Salvador has approved a new Investment Banking Law designed to attract institutional and high-net-worth crypto investors.

Licensed investment banks with at least US$50 million in capital will be able to provide Bitcoin and other digital asset services, but only to clients meeting “sophisticated investor” criteria, including at least US$250,000 in liquid assets and advanced financial knowledge.

These banks will be allowed to issue bonds, structure public–private projects, and offer digital asset products.

Lawmakers say the changes aim to position the country as a regional financial hub and draw in foreign private capital.

The move comes as President Nayib Bukele consolidates political power through constitutional reforms extending presidential terms and removing term limits.

While the IMF agreement requires no public Bitcoin purchases, blockchain data suggests El Salvador’s Bitcoin holdings have grown to about 6,264 BTC, worth roughly US$739 million.