- SEC stalls Grayscale’s ETF pivot, but institutional rails keep expanding - BlackRock’s spot-BTC ETF now out-earns its own S&P 500 fund - REX-OSPREY debuts a Solana ETF - Ripple is chasing a U.S. bank charter alongside Circle - Addentax inks a 1.3 B deal for 12k BTC, lifting public-company hoards to 245k coins in six months Bitcoin is morphing from tradeable chip to treasury asset. Bottom line: regulatory friction and flow noise aside, easier policy plus corporate accumulation keep the path to fresh BTC highs intact while alts ride the macro tide.