Markets
Reporting on trading, funds, market structure and digital assets.
Market reporting editionLatest Aug 5, 2026Oldest Jun 12, 20268 storiesNot a live price feed
Funds & trading products
STRC turns Strategy's bitcoin balance sheet into a credit product
Strategy has scaled the preferred stock to $8.5 billion while building cash to service dividends. The instrument is a claim on the company, not bitcoin with a coupon.
2 min readMarkets · NewsBlackRock schedules an ETHA reverse split for October
The iShares Ethereum Trust ETF will begin split-adjusted trading on October 6. The operation changes shares and price per share, not the fund's ether exposure by itself.
2 min readMarkets · Deep DiveFour crypto-linked ETF closures expose the economics of product survival
SEC filings from three 2026 closures show where the wrapper stops helping: narrow strategies still need enough assets, trading activity and investor demand to pay for operating complexity.
2 min readMarkets · NewsT. Rowe Price crypto ETF adds StoneX and Virtu as trading counterparties
The agreements give TKNZ two more routes for spot crypto trades. They also spell out where execution, counterparty and systems risk still sit.
2 min readMarkets · NewsARKB plans to replace its bitcoin pricing benchmark with FTSE data
The current CME CF licence is due to end August 31. The sponsor expects to sign with FTSE first, so the benchmark switch is planned rather than complete.
2 min readMore market coverage
Circle's July 30 USDC snapshot reports reserves, issuance and redemptions
The weekly disclosure describes Circle's reserve assets and customer flows. Secondary-market liquidity, holder distribution and exchange trading sit outside its scope.
2 min readMarkets · BriefingWhat the first CFTC-approved bitcoin perpetual actually permits
KalshiEX received approval to list BTCPERP as a futures contract. Approval answers the regulatory question, not whether the contract has deep liquidity or broad access.
2 min read