Crypto Market Cools Despite Major Institutional Updates
The crypto market softened this week, with overall valuations slipping nearly 6%. Despite the pullback, activity levels remained high as investors weighed a flurry of ETF updates, new partnerships, and macro-driven sentiment shifts heading into Q4 2025.
First XRP ETF Expected to Go Live by November 13
The much-anticipated XRP ETF may begin trading as early as November 13, 2025, following key updates in regulatory filings. According to journalist Eleanor Terrett, Canary Capital recently amended its S-1 filing, removing the “delaying amendment” that had previously allowed the U.S. SEC to control when the filing could become effective.
With that clause gone, the registration can automatically go live after a 20-day waiting period under Section 8(a) of the Securities Act of 1933, unless the SEC intervenes. The final step now depends on Nasdaq’s approval of the firm’s Form 8-A submission.
Additional read: XRP Price Prediction 2025
HBAR ETF Absorbs 0.5% of Supply Within 72 Hours
The newly launched HBAR ETF is already showing strong investor traction. Within three days of its October 28 Nasdaq debut, it absorbed nearly 0.5% of Hedera’s circulating supply, with over $8 million in inflows. Launched by Canary Capital, the fund holds HBAR tokens insured by BitGo and Coinbase Custody, marking another major milestone for institutional exposure to Hedera.
Related read: HBAR Price Prediction
Visa Expands Stablecoin Settlement Capabilities
In a strategic move, Visa announced plans to support up to four stablecoins for payment settlements. This expansion aligns with Visa’s goal of modernizing global payments and adopting digital asset infrastructure. Industry experts suggest this reflects growing institutional confidence in USD-pegged tokens, especially after U.S. regulators provided more clarity on their frameworks. Visa had earlier tested stablecoin-based cross-border transactions through a pilot program launched in September. Thus, it enables faster, more efficient global money movement.
Also read: Mastercard to Acquire Zero Hash to Expand Crypto Infrastructure and Trader Access
Bitcoin Whitepaper Turns 17
October 31 marked the 17th anniversary of the Bitcoin whitepaper, titled “A Peer-to-Peer Electronic Cash System.” Authored by the pseudonymous Satoshi Nakamoto, it proposed a decentralized system for online payments that eliminated the need for intermediaries.
Seventeen years later, Bitcoin has evolved into a global asset class. U.S.-listed spot Bitcoin ETFs, approved less than two years ago, now boast $62 billion in total net inflows and over $150 billion in net assets, as per data from SoSoValue.
Ondo and Chainlink Join Forces to Tokenize Trillions in RWAs
Ondo Finance has teamed up with Chainlink to unlock trillions of dollars in real-world assets (RWAs). The partnership aims to enhance on-chain financial infrastructure, enabling major institutions to tokenize assets and migrate operations to blockchain-based systems. Ondo already leads one of the most advanced RWA ecosystems, collaborating with over 100 institutional partners. Integrating Chainlink’s oracle technology will help ensure seamless, secure, and transparent data connectivity across multiple blockchains. This collaboration builds on Chainlink’s previous initiatives with SWIFT and Euroclear, reinforcing the bridge between TradFi and DeFi ecosystems.
Conclusion
Despite a dip in market capitalization, the crypto landscape remains active and full of promise. With new ETFs gaining traction, traditional finance firms like Visa deepening blockchain adoption, and tokenization projects pushing boundaries, Q4 2025 could be a defining quarter for institutional and retail engagement alike.
