Crypto Biz: Digital gold rush intensifies as Tether Gold surges, institutions double down on BTC

Key Points

1. Tether Gold (XAUt) has seen its market cap surpass $800 million, backed by 7.66 tons of gold, reflecting strong demand for tokenized commodities.

2. Twenty One Capital expanded its Bitcoin holdings to 43,500 BTC, valued at over $5.1 billion, with support from Tether.

3. Avalanche secured a $250 million real-world asset (RWA) infusion, targeting US Treasurys and collateralized loan obligations (CLOs), signaling growth in tokenized finance.

4. The SEC approved in-kind redemptions for crypto ETFs, allowing direct exchanges of ETF shares for underlying crypto assets, which could reduce costs and improve efficiency.

5. BlackRock’s iShares Ethereum ETF surpassed $10 billion in assets, indicating increasing momentum for Ethereum-based investment products.