Global Crypto trends and Performance of Fonte ETF
In this overview, we outline key global trends in the digital asset market over the past three months and share the performance of Fonte Capital’s crypto ETFs.
The period from August to November 2025 became one of the most significant stages in the institutional development of digital assets. The G20 countries approved the first unified international standard for crypto-asset regulation, developed by the Financial Stability Board (FSB). This decision effectively brought the industry into the realm of global financial oversight - a step the market had awaited for more than a decade.
In the United States, institutional demand strengthened during this period: inflows into spot Bitcoin ETFs exceeded $6 billion from August to November, while open interest in regulated BTC futures on the Chicago Mercantile Exchange (CME) reached a new all-time high of $25 billion in notional terms. Regulatory clarity following amendments to the infrastructure law served as a crucial driver of transparency and growth.
The U.S. Office of the Comptroller of the Currency (OCC) has officially allowed American banks to conduct “riskless principal” cryptocurrency transactions.
The regulator said that such activities will not be treated as novel or presumptively unsafe, easing a layer of regulatory friction that had previously discouraged banks from participating in crypto flows.
Europe also saw major advancements: the European Central Bank (ECB) moved into the final phase of digital euro testing, using public blockchains for settlement simulations for the first time.
In Asia, Singapore and Hong Kong launched programs aimed at integrating tokenized funds into national capital markets, resulting in quarterly inflows of $1.4 billion into regional ETFs. Meanwhile, South Korea permitted insurance companies to allocate up to 3% of their reserves into digital assets — an unprecedented decision for such a conservative sector.
Traditional finance accelerated blockchain adoption as well: major banks executed over $5 billion in cross-border bond clearing using blockchain infrastructure, while the World Bank expanded its tokenized issuance program with a new $350 million tranche.
Against this backdrop, Bitcoin reached new historical security metrics, with hash rate exceeding 750 EH/s. Solana strengthened its position among high-performance networks: daily transactions remained above 35 million, and the combined value locked in real-world asset (RWA) and DePIN segments surpassed $10 billion.
Together, these global developments supported steady investor interest in Fonte Capital’s digital investment products. Since listing, the trading volume of the Fonte Bitcoin ETF (BETF) has reached $1,972,877.07, while the Fonte Solana ETF (SETF) has reached $2,093,776.64.
The average staking yield of SETF for the period from September to November 2025 amounted to 7.83% per annum in SOL, equivalent to 41.31 SOL.
At the same time, Fonte Capital continues to expand its network of global and local partners, strengthening the infrastructure of BETF and SETF to ensure high operational reliability and institutional-grade security.
The ongoing global institutionalization of digital assets reinforces the importance of such instruments and forms a positive foundation for further liquidity growth.