With retail access restored, crypto exchange-traded notes issuers slash fees to historic lows, signaling an intensifying battle for UK market dominance. The United Kingdom has opened the floodgates for crypto exchange-traded notes (ETNs) to retail investors — a market that was previously limited to professional traders — sparking a price war among issuers vying for market share, according to the Financial Times. In a report published on Thursday, the FT said several Bitcoin ETN issuers have slashed their fees to as low as 0.05%, describing the resulting competition as a “cut-throat battle” for investors. Meanwhile, other crypto-linked ETNs continue to charge annual fees of up to 2.5%. The fee war follows the Financial Conduct Authority’s (FCA) decision to lift its 2021 ban on retail access to crypto-linked funds, a change that took effect on Oct. 8. Read more
Bitcoin MACD’s bearish crossover and the duration after BTC’s last halving could be signs that the 2025 bull run is over, or is this time different? Key takeaways: Bitcoin’s bearish MACD cross and engulfing candle on the three-week chart signal a cycle top. Market analysts suggest that 558 days post-2024 halving indicate the Bitcoin bull cycle’s top is imminent. Read more
Bitcoin fell to the bottom of its local range as traders lost over $1 billion as a result of the surprise BTC price downside after the Fed interest-rate cut. Key points: Bitcoin revisits the bottom of its local range in a fresh dive after the Federal Reserve interest-rate cut. Traders betting on upside get punished, with long liquidations nearing $1 billion. Read more
The Trump administration has appointed Michael Selig, a pro-crypto lawyer and SEC counsel, to head up the CFTC. The US Commodity Futures Trading Commission (CFTC) may finally get a chairperson as President Donald Trump’s nominee, Michael Selig, begins the vetting process. The CFTC is currently under the leadership of Acting Chair Caroline Pham, who assumed the role in April 2025. She was nominated to the position by President Joe Biden in 2022 and unanimously confirmed by the Senate. The Trump administration initially picked former CFTC Commissioner Brian Quintenz, who also sat on the board of gambling platform Kalshi. However, his nomination was withdrawn in September, reportedly at the request of the Winklevoss brothers, who were concerned that he was not sufficiently pro-crypto. Read more